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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.6,"sample":3},{"week":2,"averageReturn":3.5,"sample":3},{"week":3,"averageReturn":5.7,"sample":3},{"week":4,"averageReturn":5.5,"sample":3},{"week":5,"averageReturn":5.8,"sample":3},{"week":6,"averageReturn":9.9,"sample":2},{"week":7,"averageReturn":10.0,"sample":2},{"week":8,"averageReturn":10.2,"sample":2},{"week":9,"averageReturn":16.8,"sample":1},{"week":10,"averageReturn":14.3,"sample":1},{"week":11,"averageReturn":15.1,"sample":1},{"week":12,"averageReturn":16.0,"sample":1},{"week":13,"averageReturn":14.1,"sample":1},{"week":14,"averageReturn":16.4,"sample":1},{"week":15,"averageReturn":17.1,"sample":1},{"week":16,"averageReturn":15.9,"sample":1},{"week":17,"averageReturn":15.2,"sample":1},{"week":18,"averageReturn":16.6,"sample":1},{"week":19,"averageReturn":20.5,"sample":1},{"week":20,"averageReturn":21.0,"sample":1},{"week":21,"averageReturn":19.8,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":0.3,"averageExpectedMove":0.3,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":2.2,"medianReturn":2.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.1,"medianReturn":5.1,"confidenceLow":0.0,"confidenceHigh":79.3,"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":1},{"week":2,"averageReturn":0.3,"sample":1},{"week":3,"averageReturn":2.4,"sample":1},{"week":4,"averageReturn":2.2,"sample":1},{"week":5,"averageReturn":3.5,"sample":1},{"week":6,"averageReturn":4.9,"sample":1},{"week":7,"averageReturn":2.6,"sample":1},{"week":8,"averageReturn":3.3,"sample":1},{"week":9,"averageReturn":4.2,"sample":1},{"week":10,"averageReturn":2.4,"sample":1},{"week":11,"averageReturn":4.5,"sample":1},{"week":12,"averageReturn":5.1,"sample":1},{"week":13,"averageReturn":4.0,"sample":1},{"week":14,"averageReturn":3.4,"sample":1},{"week":15,"averageReturn":4.7,"sample":1},{"week":16,"averageReturn":8.2,"sample":1},{"week":17,"averageReturn":8.7,"sample":1},{"week":18,"averageReturn":7.6,"sample":1},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":10.5199}],"reversal_dangers":[{"date":"2026-04-24","price":10.4853}]}},"smTape":{"available":true,"dates":["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":[10.2781,9.9436,9.7748,9.5838,9.4449,9.7527,10.119,10.5199,10.4853,10.5512,10.7768,10.7477,10.8888,11.0361,10.7925,10.8677,10.9603,10.7721,10.9981,11.0584,10.9425,10.8798,11.0145,11.3797,11.4329,11.316],"consensus":[31.8841,-100.0,-100.0,-100.0,-92.7099,0.0,63.3759,83.34,52.4507,65.1339,82.7403,23.2574,57.0545,74.3146,-10.6074,42.2893,40.0297,-9.5593,50.2749,41.7799,21.7683,0.0,47.409,79.7439,60.546,22.5136],"supportDates":["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,0.0,53.2716,81.1414,47.9235,62.806,82.5064,5.8546,48.6235,73.8989,-20.0516,38.7203,42.5403,-0.6268,49.4878,39.1531,32.7567,0.0,53.3115,86.3907,62.178,13.0234],"force":[31.8841,-100.0,-100.0,-100.0,-82.8843,0.0,95.0068,95.9596,29.8871,55.8747,88.399,16.7273,41.0357,66.2722,-70.6623,24.545,24.6063,-45.5945,46.3906,26.8096,2.8234,0.0,60.5764,93.6836,51.6863,13.2918],"direction":[null,null,null,null,-99.7282,0.0,52.3301,76.8388,73.7415,74.4081,78.9655,71.7069,78.1319,80.5343,-43.0825,59.0426,48.177,-4.539,53.949,55.475,26.7758,0.0,31.2582,62.1905,65.0092,58.9347],"intensity":[null,null,null,null,25.0,80.0,100.0,100.0,50.0,11.1111,50.0,54.5455,16.6667,23.0769,71.4286,40.0,12.5,35.2941,61.1111,5.2632,20.0,9.5238,27.2727,91.3043,58.3333,20.0],"confirmation":[32.8696,54.6667,54.6667,54.6667,74.5513,37.8751,89.3982,95.0869,84.1655,88.5961,94.6529,10.0575,85.8977,91.5419,36.9383,81.0462,80.3012,28.0811,83.9816,80.9534,51.9846,5.8244,83.4822,93.8416,87.0798,31.76],"persistence":[null,null,33.3333,50.0,60.0,50.0,28.5714,12.5,12.5,12.5,37.5,62.5,87.5,100.0,75.0,75.0,75.0,50.0,50.0,50.0,50.0,37.5,62.5,62.5,62.5,87.5],"assessmentRisk":[null,null,null,null,3.645,37.5372,11.3935,8.1826,23.7302,17.245,8.1306,25.5222,18.5887,11.5923,9.0239,5.761,1.4217,39.4921,15.3198,20.0524,17.1173,30.647,18.1009,8.2068,19.4933,38.2296],"volumeParticipation":false,"latest":{"consensus":22.5,"control":13.0,"force":13.3,"direction":58.9,"confirmation":31.8,"persistence":87.5,"assessmentRisk":38.2,"intensity":20.0,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","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":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+22.5","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+13.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+13.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+58.9","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"32/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"46.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.6%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"94%","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":[10.2781,9.9436,9.7748,9.5838,9.4449,9.7527,10.119,10.5199,10.4853,10.5512,10.7768,10.7477,10.8888,11.0361,10.7925,10.8677,10.9603,10.7721,10.9981,11.0584,10.9425,10.8798,11.0145,11.3797,11.4329,11.316],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,9.9288,9.8967,9.9372,10.0431,10.1235,10.2013,10.3059,10.3862,10.4776,10.5792,10.6179,10.6634,10.7173,10.7273,10.7765,10.8278,10.8486,10.8543,10.8834,10.9737,11.0572,11.1042],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10.3096,10.3635,10.3952,10.4302,10.4695,10.4919,10.5294,10.5686,10.5963,10.6173,10.6467,10.701,10.7552,10.7968],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,10.814,10.9568,11.0469,11.1517,11.2695,11.3039,11.344,11.3923,11.4015,11.4416,11.4841,11.5337,11.5599,11.5757,11.599,11.5489,11.4876],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9.2767,9.2669,9.2828,9.2894,9.288,9.3221,9.3514,9.3751,9.4091,9.4314,9.4511,9.468,9.5354,9.6435,9.7998,10.0487,10.2663],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.1221,0.1613,0.1707,0.1821,0.1964,0.1903,0.2014,0.2126,0.2097,0.2001,0.201,0.2285,0.2518,0.2578],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1568,0.1635,0.1711,0.1794,0.1855,0.1884,0.1909,0.1984,0.2091,0.2188],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0396,0.0268,0.0303,0.0332,0.0243,0.0117,0.0101,0.0301,0.0427,0.0389],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,100.0,96.8787,100.0,100.0,94.4115,100.0,100.0,83.2791,87.8136,93.3973,82.049,95.6766,99.3126,92.3239,88.5432,96.6655,100.0,99.5617,93.8042],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,0.0,-0.3289,0.0,0.0,-0.7306,0.0,0.0,-2.505,-1.8257,-0.9892,-2.6893,-0.6477,-0.103,-1.15,-1.7164,-0.4996,0.0,-0.0778,-1.0995],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,11.7783,11.4106,12.1108,14.5079,14.1987,15.698,17.2631,14.6748,15.4738,16.4577,14.458,16.8593,17.5001,16.2686,15.6024,17.0336,20.914,21.4793,20.2372],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,1.7298,1.826,1.7333,1.6562,1.6896,1.6834,1.5936,1.5812,1.5581,1.5823,1.6513,1.5815,1.5992],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,15.3033,16.7124,17.355,18.2212,19.2776,19.216,19.2562,19.4269,19.1483,19.262,19.4219,19.6719,19.1939,18.2126,16.8164,13.8924,11.2277],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum has changed character across the latest 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