{"schema_version":"1.0","name":"ZMUN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"838d8718-44d3-49a1-b69a-cee220cd9467","symbol":"ZMUN","name":"F/M CALLABLE TAX-FREE MUNICIPAL ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","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, Directional strength and control, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression, Directional pressure and rotation."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":47,"displayedObservations":47,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Evidence conflict","headline":"Price is ahead of Market Dynamics","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","take":"The gap can close through stronger Market Dynamics or weaker price. Until then, the upward structure should be treated as vulnerable rather than fully aligned.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[5.448752,7.205076,3.058218,2.699977,2.259844,1.75705,1.147523,0.939429,0.761543,0.706853,0.490652,0.222759,0.009997,-0.241706,-0.25545,-0.167235,-0.081112,0.044498,0.2304],"opens":[49.857017,49.881861,49.755558,49.796141,49.826948,49.846823,49.886573,49.883483,49.963233,49.98317,49.874651,50.001235,49.921488,49.921488,49.981298,49.951393,49.99,50.02,50.07],"highs":[50.09552,49.92658,49.807073,49.836885,49.865704,49.886573,49.913389,49.963233,49.98317,50.042983,49.9144,50.001235,49.931457,50.006219,49.991267,50.015,50.03,50.075,50.14],"lows":[49.827204,49.881861,49.755558,49.767322,49.826948,49.846823,49.86853,49.883483,49.933327,49.982871,49.859745,49.91152,49.61247,49.916504,49.931457,49.951393,49.99,50.02,50.03],"closes":[49.901736,49.911674,49.807073,49.812041,49.851792,49.866698,49.893452,49.938311,49.968217,50.033014,49.904462,49.916504,49.91152,49.986283,49.966346,50.015,50.025,50.075,50.08],"hoverRows":[[{"label":"Open","value":"49.9","className":"is-ohlc","compact":true},{"label":"High","value":"50.1","className":"is-ohlc","compact":true},{"label":"Low","value":"49.8","className":"is-ohlc","compact":true},{"label":"Close","value":"49.9","className":"is-ohlc","compact":true},{"label":"Market 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The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"29 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Not confirming","detail":"Market Dynamics has strengthened over four weeks, but it still lags the elevated price.","tone":"caution"}],"relationshipEvidence":{"available":false,"observations":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-29","price":49.893452}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[48.9471,48.9471,49.0156,49.0205,49.0326,49.0423,49.0766,49.1158,49.1425,49.1866,49.221,49.2602,49.2897,49.3063,49.3605,49.3998,49.4113,49.4312,49.4558,49.5052,49.5348,49.5824,49.6517,49.6864,49.726,49.7657,49.8322,49.8421,49.9017,49.9117,49.8071,49.812,49.8518,49.8667,49.8935,49.9383,49.9682,50.033,49.9045,49.9165,49.9115,49.9863,49.9663,50.015,50.025,50.075,50.08],"consensus":[-9.0902,78.4965,100.0,11.5991,52.2352,47.0198,51.5247,67.941,65.7446,58.7584,64.5696,68.0845,69.0334,56.4973,72.7989,67.3661,54.4909,55.393,55.3192,67.2847,65.7842,63.0268,70.3059,66.9866,67.5447,47.819,57.4296,50.5016,52.8334,46.7623,9.975,20.8707,35.4112,23.8556,36.5599,55.0256,46.9208,65.4975,0.0,0.0,0.0,34.5696,13.7173,49.4935,38.4527,52.4931,28.7336],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,45.3933,53.0687,74.4099,70.782,43.3626,69.7464,74.0144,71.7146,57.248,79.9122,68.6171,53.9356,55.4466,57.9071,71.3717,69.8925,51.7236,63.9004,69.3165,59.3925,29.8586,46.2525,50.4837,41.2628,47.3297,30.146,29.5593,43.9771,33.0027,37.8729,53.9871,47.7932,68.2795,0.0,0.0,0.0,49.3904,13.7113,56.7692,44.5096,64.2436,25.4694],"force":[-9.0902,78.4965,100.0,11.5991,9.3447,28.5421,29.5645,49.4132,43.2482,62.8966,41.1332,46.0461,52.282,26.4945,51.2789,46.7928,36.9901,37.3948,34.1958,57.7709,52.4694,70.7455,79.5689,56.3499,74.3855,49.0076,60.1891,28.0005,54.3843,22.9056,43.5149,7.459,43.5886,15.3558,23.1443,63.4773,39.7744,73.7541,0.0,0.0,0.0,41.4642,2.7546,54.7153,28.1135,46.9141,13.3642],"direction":[null,null,null,null,82.8713,62.0772,65.446,73.7821,76.0565,73.3978,75.3936,77.0491,77.9346,77.0699,80.0408,80.6317,67.6262,68.1875,67.4496,69.4095,70.5995,70.4313,71.0102,71.9215,71.9753,67.496,68.2324,66.5944,64.9492,63.1543,25.1294,20.5207,19.7806,19.473,44.642,50.1757,51.0283,56.4205,0.0,0.0,0.0,12.7068,25.4898,37.4487,38.9156,43.0488,43.4423],"intensity":[null,null,null,null,50.0,20.0,66.6667,57.1429,50.0,100.0,100.0,54.5455,58.3333,23.0769,71.4286,66.6667,56.25,23.5294,38.8889,63.1579,55.0,90.4762,81.8182,82.6087,75.0,96.0,88.4615,37.037,89.2857,86.2069,80.0,25.8065,59.375,6.0606,17.6471,51.4286,52.7778,64.8649,84.2105,71.7949,97.5,97.561,4.7619,39.5349,27.2727,51.1111,63.0435],"confirmation":[25.5755,47.7855,54.6667,26.3784,60.0879,82.508,83.7951,89.0779,88.2759,87.1634,87.8691,89.025,89.5393,85.1533,90.5314,88.9111,84.9122,85.1764,85.0189,89.1789,88.5826,88.5761,90.8778,89.076,89.947,83.612,86.6319,83.475,85.1303,82.2282,33.2043,51.4708,79.4503,75.2354,79.2703,85.8816,82.7836,89.1684,6.4606,25.6189,24.14,79.0466,49.8086,83.8862,79.8975,84.4487,84.7761],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,62.5,62.5,62.5,62.5,62.5,62.5,75.0],"assessmentRisk":[null,null,null,null,23.6816,26.4402,23.6797,16.0073,17.1245,20.6207,17.7151,15.9577,15.4833,21.7512,13.6005,16.3169,22.7545,22.3035,22.3404,16.3576,17.1079,18.4866,14.847,16.5067,16.2276,26.0905,21.2852,24.7492,23.5833,26.6188,31.4566,40.5976,58.8857,51.0036,30.0486,22.2809,26.2103,17.2139,10.372,17.0722,39.9542,50.9849,32.7173,23.4722,29.8043,21.0523,34.62],"volumeParticipation":true,"latest":{"consensus":28.7,"control":25.5,"force":13.4,"direction":43.4,"confirmation":84.8,"persistence":75.0,"assessmentRisk":34.6,"intensity":63.0,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+28.7","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+25.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+13.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+43.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"85/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"76.0","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"0.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"38.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"90%","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 upward.","series":[{"label":"Close","values":[48.9471,48.9471,49.0156,49.0205,49.0326,49.0423,49.0766,49.1158,49.1425,49.1866,49.221,49.2602,49.2897,49.3063,49.3605,49.3998,49.4113,49.4312,49.4558,49.5052,49.5348,49.5824,49.6517,49.6864,49.726,49.7657,49.8322,49.8421,49.9017,49.9117,49.8071,49.812,49.8518,49.8667,49.8935,49.9383,49.9682,50.033,49.9045,49.9165,49.9115,49.9863,49.9663,50.015,50.025,50.075,50.08],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,48.9819,48.9929,49.0081,49.0277,49.0486,49.0737,49.1004,49.1295,49.1586,49.1855,49.2173,49.2505,49.2797,49.3073,49.3343,49.3654,49.3962,49.43,49.4703,49.5096,49.549,49.5884,49.6327,49.6708,49.7128,49.7489,49.7595,49.7691,49.7841,49.7991,49.8163,49.8385,49.8621,49.8931,49.8952,49.8991,49.9013,49.9168,49.9258,49.942,49.9571,49.9785,49.997],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,49.0632,49.0812,49.1019,49.124,49.1453,49.1665,49.1879,49.2114,49.2354,49.2611,49.29,49.3194,49.3495,49.3803,49.4138,49.4455,49.4793,49.5113,49.5332,49.5539,49.576,49.5975,49.6194,49.643,49.6671,49.6942,49.7098,49.7251,49.7389,49.7572,49.7727,49.7907,49.808,49.8278,49.8465],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,49.202,49.2401,49.2801,49.3178,49.35,49.3894,49.4298,49.4637,49.4949,49.5251,49.5597,49.5951,49.6308,49.6792,49.7248,49.769,49.8112,49.86,49.9023,49.9487,49.9894,50.0039,50.0152,50.028,50.0364,50.0474,50.0626,50.0757,50.0941,50.0837,50.0735,50.0579,50.052,50.0473,50.0503,50.0556,50.0732,50.0943],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,48.9033,48.8958,48.8879,48.8818,48.8791,48.8725,48.8657,48.8628,48.8614,48.8605,48.857,48.8805,48.9083,48.9235,48.9445,48.9696,48.9998,49.0266,49.0568,49.0864,49.1181,49.1623,49.2062,49.2496,49.2972,49.3395,49.3781,49.4208,49.4625,49.5178,49.5691,49.6224,49.6686,49.7049,49.7347,49.7593,49.7726,49.7763],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"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":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,35.232,38.4014,41.7449,44.8495,45.7871,46.7659,47.7794,48.797,49.841,50.9887,52.1239,53.3777,52.6315,52.3744,49.113,46.5578,44.1851,42.1396,40.343,38.9843,38.1447],"stroke":"#10243b","width":2.0},{"label":"Positive 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direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,21.2685,19.9717,18.4313,18.0041,17.2482,16.2017,14.9332,14.1966,12.0599,9.9899,9.5735,8.7399,6.4859,5.817,5.511,4.4612,4.3137,12.7811,12.1372,11.6496,11.2879,10.8613,10.1553,9.7297,9.1126,17.5776,16.2426,32.7011,30.6222,29.353,28.0227,27.1882,26.04,23.8689],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,1.6505,19.8593,102.516,2.0601,0.9925,46.4114,10.2849,3.1749,16.1934,113.8987,46.4706,18.3238,29.3174,37.8528,212.0632,239.1983,61.1292,336.2483,275.5247,172.9886,95.6153,128.3326,58.3995,152.3542,180.1175,403.5272,369.1179,55.2292,172.7729,131.5434,143.861,105.2493,92.8523,132.8604,82.9311,56.9914,103.9737,93.283,50.6017,152.1781],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,133.251,135.0,135.0,135.0,135.0,135.0,135.0,135.0,133.5362,134.8781,132.8409,134.1098,133.2561,134.8791,135.0,135.0,135.0],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,100.0,100.0,95.7131,100.0,100.0,100.0,99.3377,100.0,97.3472,99.4164,98.3062,97.5823,97.7626,99.2758,90.1383,91.9652,95.9826,96.159,76.9142,82.5505,83.3927,84.3408,85.1439,76.6913,77.0928,80.305,81.5095,83.6714,82.6091,85.6843,92.6037,76.6643,77.0305,75.4612,84.4084,81.2533,88.0576,88.9757,96.5527,90.1656],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,0.0,0.0,-0.0299,0.0,0.0,0.0,-0.0061,0.0,-0.0299,-0.0066,-0.02,-0.0299,-0.0299,-0.01,-0.1596,-0.1395,-0.0697,-0.0697,-0.5444,-0.4115,-0.3917,-0.3868,-0.367,-0.5758,-0.5659,-0.4865,-0.4568,-0.4034,-0.3138,-0.2541,-0.1248,-0.3814,-0.3573,-0.3673,-0.2181,-0.2579,-0.1607,-0.1408,-0.041,-0.1197],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,0.4347,0.4894,0.6726,0.7429,0.8233,0.8835,0.9176,1.0284,1.109,1.1325,1.1731,1.2236,1.3247,1.3853,1.4826,1.6246,1.6955,1.7766,1.8577,1.9939,2.0142,2.1362,2.1566,1.9425,1.9527,2.034,2.0645,2.1193,1.5181,1.5485,1.589,1.2738,1.2173,1.1467,1.1972,1.1332,1.2013,1.1508,1.1611,1.1106],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,0.1301,0.1285,0.1292,0.1228,0.1189,0.1175,0.1183,0.1155,0.1261,0.1412,0.1367,0.1389,0.1737,0.1796,0.176,0.2016,0.1936,0.2025,0.198,0.1914,0.1834,0.1769,0.1755,0.17,0.1683,0.1815,0.1823,0.215,0.2129,0.2063,0.2004,0.1918,0.1858,0.1882],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum is stretched and deserves mean-reversion context.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,79.7251,79.9332,81.5638,82.1495,83.1823,84.7731,85.7414,87.5838,68.6359,69.3058,68.6522,72.7964,70.1337,72.7529,73.2717,75.7574,75.9977],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,94.6582,100.0,100.0,95.7131,100.0,100.0,100.0,99.3377,100.0,97.3472,99.4164,98.3062,97.5823,97.7626,99.2758,90.1383,91.9652,93.4522,93.7463,65.4129,72.9521,72.8535,74.1564,73.7594,58.1385,57.9557,61.8984,61.5583,64.275,71.0401,71.3143,85.0828,47.5883,47.3424,61.9087,77.386,82.1987,93.5001,95.8229,100.0,88.6262],"stroke":"#1678a7","width":1.5},{"label":"Rotation 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