{"schema_version":"1.0","name":"MBEL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"8ce11b3d-18d4-40e9-bf1f-b194bd117743","symbol":"MBEL","name":"M AND B ENGINEERING LTD","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Industrials","industry":"Engineering & Construction"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure, Acceleration, deceleration and rollover."},{"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":54,"displayedObservations":54,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.585651,-0.872731,-1.021974,-1.115373,-1.302744,-1.337024,-1.287913,-1.035784,-0.633458,-0.220321,0.231975,0.434108,0.471807,0.396741,0.279589,0.175292,0.104744,0.205026,0.3119,0.448434,0.576351,0.620713,0.525214,0.380166,0.281731,0.068984],"opens":[338.899994,356.0,281.0,287.0,281.299988,262.5,244.0,261.0,299.0,335.0,318.589996,335.0,322.0,304.600006,299.0,285.5,284.950012,312.0,303.5,331.5,313.0,320.0,321.0,298.25,293.649994,306.0],"highs":[364.850006,356.399994,307.5,313.450012,291.75,287.899994,270.0,319.450012,337.0,346.670013,342.25,345.649994,333.549988,312.0,316.600006,291.0,291.649994,325.950012,303.5,332.25,321.950012,344.600006,321.5,304.450012,306.950012,313.5],"lows":[334.799988,291.600006,281.0,281.0,265.0,241.600006,223.050003,261.0,290.679993,310.369995,318.589996,318.600006,283.600006,288.0,292.200012,277.0,280.600006,307.049988,303.5,322.350006,312.600006,315.100006,287.450012,291.299988,285.0,258.25],"closes":[355.200012,297.399994,295.149994,282.850006,271.049988,244.149994,266.290009,305.429993,329.369995,317.450012,332.079987,322.100006,309.200012,293.700012,298.450012,280.549988,287.049988,310.549988,303.5,325.25,319.600006,321.350006,296.299988,293.649994,298.5,270.399994],"hoverRows":[[{"label":"Open","value":"338.9","className":"is-ohlc","compact":true},{"label":"High","value":"364.9","className":"is-ohlc","compact":true},{"label":"Low","value":"334.8","className":"is-ohlc","compact":true},{"label":"Close","value":"355.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.59","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"356.0","className":"is-ohlc","compact":true},{"label":"High","value":"356.4","className":"is-ohlc","compact":true},{"label":"Low","value":"291.6","className":"is-ohlc","compact":true},{"label":"Close","value":"297.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.87","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"281.0","className":"is-ohlc","compact":true},{"label":"High","value":"307.5","className":"is-ohlc","compact":true},{"label":"Low","value":"281.0","className":"is-ohlc","compact":true},{"label":"Close","value":"295.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.02","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"287.0","className":"is-ohlc","compact":true},{"label":"High","value":"313.5","className":"is-ohlc","compact":true},{"label":"Low","value":"281.0","className":"is-ohlc","compact":true},{"label":"Close","value":"282.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.12","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"281.3","className":"is-ohlc","compact":true},{"label":"High","value":"291.8","className":"is-ohlc","compact":true},{"label":"Low","value":"265.0","className":"is-ohlc","compact":true},{"label":"Close","value":"271.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.30","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"262.5","className":"is-ohlc","compact":true},{"label":"High","value":"287.9","className":"is-ohlc","compact":true},{"label":"Low","value":"241.6","className":"is-ohlc","compact":true},{"label":"Close","value":"244.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.34","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"244.0","className":"is-ohlc","compact":true},{"label":"High","value":"270.0","className":"is-ohlc","compact":true},{"label":"Low","value":"223.1","className":"is-ohlc","compact":true},{"label":"Close","value":"266.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.29","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"261.0","className":"is-ohlc","compact":true},{"label":"High","value":"319.5","className":"is-ohlc","compact":true},{"label":"Low","value":"261.0","className":"is-ohlc","compact":true},{"label":"Close","value":"305.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.04","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"299.0","className":"is-ohlc","compact":true},{"label":"High","value":"337.0","className":"is-ohlc","compact":true},{"label":"Low","value":"290.7","className":"is-ohlc","compact":true},{"label":"Close","value":"329.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.63","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"335.0","className":"is-ohlc","compact":true},{"label":"High","value":"346.7","className":"is-ohlc","compact":true},{"label":"Low","value":"310.4","className":"is-ohlc","compact":true},{"label":"Close","value":"317.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.22","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"318.6","className":"is-ohlc","compact":true},{"label":"High","value":"342.2","className":"is-ohlc","compact":true},{"label":"Low","value":"318.6","className":"is-ohlc","compact":true},{"label":"Close","value":"332.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.23","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"335.0","className":"is-ohlc","compact":true},{"label":"High","value":"345.6","className":"is-ohlc","compact":true},{"label":"Low","value":"318.6","className":"is-ohlc","compact":true},{"label":"Close","value":"322.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.43","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"322.0","className":"is-ohlc","compact":true},{"label":"High","value":"333.5","className":"is-ohlc","compact":true},{"label":"Low","value":"283.6","className":"is-ohlc","compact":true},{"label":"Close","value":"309.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.47","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"304.6","className":"is-ohlc","compact":true},{"label":"High","value":"312.0","className":"is-ohlc","compact":true},{"label":"Low","value":"288.0","className":"is-ohlc","compact":true},{"label":"Close","value":"293.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.40","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"299.0","className":"is-ohlc","compact":true},{"label":"High","value":"316.6","className":"is-ohlc","compact":true},{"label":"Low","value":"292.2","className":"is-ohlc","compact":true},{"label":"Close","value":"298.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.28","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"285.5","className":"is-ohlc","compact":true},{"label":"High","value":"291.0","className":"is-ohlc","compact":true},{"label":"Low","value":"277.0","className":"is-ohlc","compact":true},{"label":"Close","value":"280.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.18","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"285.0","className":"is-ohlc","compact":true},{"label":"High","value":"291.6","className":"is-ohlc","compact":true},{"label":"Low","value":"280.6","className":"is-ohlc","compact":true},{"label":"Close","value":"287.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.10","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"312.0","className":"is-ohlc","compact":true},{"label":"High","value":"326.0","className":"is-ohlc","compact":true},{"label":"Low","value":"307.0","className":"is-ohlc","compact":true},{"label":"Close","value":"310.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.21","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"303.5","className":"is-ohlc","compact":true},{"label":"High","value":"303.5","className":"is-ohlc","compact":true},{"label":"Low","value":"303.5","className":"is-ohlc","compact":true},{"label":"Close","value":"303.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.31","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"331.5","className":"is-ohlc","compact":true},{"label":"High","value":"332.2","className":"is-ohlc","compact":true},{"label":"Low","value":"322.4","className":"is-ohlc","compact":true},{"label":"Close","value":"325.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.45","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"313.0","className":"is-ohlc","compact":true},{"label":"High","value":"322.0","className":"is-ohlc","compact":true},{"label":"Low","value":"312.6","className":"is-ohlc","compact":true},{"label":"Close","value":"319.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.58","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"320.0","className":"is-ohlc","compact":true},{"label":"High","value":"344.6","className":"is-ohlc","compact":true},{"label":"Low","value":"315.1","className":"is-ohlc","compact":true},{"label":"Close","value":"321.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.62","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"321.0","className":"is-ohlc","compact":true},{"label":"High","value":"321.5","className":"is-ohlc","compact":true},{"label":"Low","value":"287.5","className":"is-ohlc","compact":true},{"label":"Close","value":"296.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.53","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"298.2","className":"is-ohlc","compact":true},{"label":"High","value":"304.5","className":"is-ohlc","compact":true},{"label":"Low","value":"291.3","className":"is-ohlc","compact":true},{"label":"Close","value":"293.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.38","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"293.6","className":"is-ohlc","compact":true},{"label":"High","value":"307.0","className":"is-ohlc","compact":true},{"label":"Low","value":"285.0","className":"is-ohlc","compact":true},{"label":"Close","value":"298.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.28","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"306.0","className":"is-ohlc","compact":true},{"label":"High","value":"313.5","className":"is-ohlc","compact":true},{"label":"Low","value":"258.2","className":"is-ohlc","compact":true},{"label":"Close","value":"270.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.07","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[237.486993,361.863013],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.068984,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Positive support is weakening","detail":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","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 above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics eased this week but remains positive.","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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":26,"relationship":{"sameWeekCorrelation":0.56,"forwardCorrelation":-0.51,"directionalAgreement":23.8,"sample":21,"correlationSample":25,"label":"Strong relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":30.0,"averageReturn":30.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":27.2,"averageReturn":27.2,"confidenceLow":20.7,"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":9.1,"sample":1},{"week":2,"averageReturn":25.1,"sample":1},{"week":3,"averageReturn":34.9,"sample":1},{"week":4,"averageReturn":30.0,"sample":1},{"week":5,"averageReturn":36.0,"sample":1},{"week":6,"averageReturn":31.9,"sample":1},{"week":7,"averageReturn":26.6,"sample":1},{"week":8,"averageReturn":20.3,"sample":1},{"week":9,"averageReturn":22.2,"sample":1},{"week":10,"averageReturn":14.9,"sample":1},{"week":11,"averageReturn":17.6,"sample":1},{"week":12,"averageReturn":27.2,"sample":1},{"week":13,"averageReturn":24.3,"sample":1},{"week":14,"averageReturn":33.2,"sample":1},{"week":15,"averageReturn":30.9,"sample":1},{"week":16,"averageReturn":31.6,"sample":1},{"week":17,"averageReturn":21.4,"sample":1},{"week":18,"averageReturn":20.3,"sample":1},{"week":19,"averageReturn":22.3,"sample":1},{"week":20,"averageReturn":10.8,"sample":1},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-23.7,"averageReturn":-23.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-13.0,"averageReturn":-13.0,"confidenceLow":20.7,"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":-16.3,"sample":1},{"week":2,"averageReturn":-16.9,"sample":1},{"week":3,"averageReturn":-20.4,"sample":1},{"week":4,"averageReturn":-23.7,"sample":1},{"week":5,"averageReturn":-31.3,"sample":1},{"week":6,"averageReturn":-25.0,"sample":1},{"week":7,"averageReturn":-14.0,"sample":1},{"week":8,"averageReturn":-7.3,"sample":1},{"week":9,"averageReturn":-10.6,"sample":1},{"week":10,"averageReturn":-6.5,"sample":1},{"week":11,"averageReturn":-9.3,"sample":1},{"week":12,"averageReturn":-13.0,"sample":1},{"week":13,"averageReturn":-17.3,"sample":1},{"week":14,"averageReturn":-16.0,"sample":1},{"week":15,"averageReturn":-21.0,"sample":1},{"week":16,"averageReturn":-19.2,"sample":1},{"week":17,"averageReturn":-12.6,"sample":1},{"week":18,"averageReturn":-14.6,"sample":1},{"week":19,"averageReturn":-8.4,"sample":1},{"week":20,"averageReturn":-10.0,"sample":1},{"week":21,"averageReturn":-9.5,"sample":1},{"week":22,"averageReturn":-16.6,"sample":1},{"week":23,"averageReturn":-17.3,"sample":1},{"week":24,"averageReturn":-16.0,"sample":1},{"week":25,"averageReturn":-23.9,"sample":1},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":2.1,"averageExpectedMove":2.1,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-3.3,"medianReturn":-3.3,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-10.8,"medianReturn":-10.8,"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":-2.6,"sample":2},{"week":2,"averageReturn":-1.1,"sample":2},{"week":3,"averageReturn":-4.3,"sample":2},{"week":4,"averageReturn":-3.3,"sample":2},{"week":5,"averageReturn":-10.1,"sample":2},{"week":6,"averageReturn":-9.5,"sample":2},{"week":7,"averageReturn":-5.2,"sample":2},{"week":8,"averageReturn":-10.8,"sample":2},{"week":9,"averageReturn":-2.1,"sample":1},{"week":10,"averageReturn":-3.8,"sample":1},{"week":11,"averageReturn":-3.2,"sample":1},{"week":12,"averageReturn":-10.8,"sample":1},{"week":13,"averageReturn":-11.6,"sample":1},{"week":14,"averageReturn":-10.1,"sample":1},{"week":15,"averageReturn":-18.6,"sample":1},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":9.9,"averageExpectedMove":9.9,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":21.5,"medianReturn":21.5,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.9,"medianReturn":5.9,"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":-9.9,"sample":1},{"week":2,"averageReturn":-1.8,"sample":1},{"week":3,"averageReturn":12.7,"sample":1},{"week":4,"averageReturn":21.5,"sample":1},{"week":5,"averageReturn":17.1,"sample":1},{"week":6,"averageReturn":22.5,"sample":1},{"week":7,"averageReturn":18.8,"sample":1},{"week":8,"averageReturn":14.1,"sample":1},{"week":9,"averageReturn":8.4,"sample":1},{"week":10,"averageReturn":10.1,"sample":1},{"week":11,"averageReturn":3.5,"sample":1},{"week":12,"averageReturn":5.9,"sample":1},{"week":13,"averageReturn":14.6,"sample":1},{"week":14,"averageReturn":12.0,"sample":1},{"week":15,"averageReturn":20.0,"sample":1},{"week":16,"averageReturn":17.9,"sample":1},{"week":17,"averageReturn":18.6,"sample":1},{"week":18,"averageReturn":9.3,"sample":1},{"week":19,"averageReturn":8.3,"sample":1},{"week":20,"averageReturn":10.1,"sample":1},{"week":21,"averageReturn":-0.2,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":8.1,"averageExpectedMove":8.1,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.5,"medianReturn":5.5,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":6.5,"medianReturn":6.5,"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":7.8,"sample":1},{"week":2,"averageReturn":3.9,"sample":1},{"week":3,"averageReturn":8.7,"sample":1},{"week":4,"averageReturn":5.5,"sample":1},{"week":5,"averageReturn":1.2,"sample":1},{"week":6,"averageReturn":-3.8,"sample":1},{"week":7,"averageReturn":-2.3,"sample":1},{"week":8,"averageReturn":-8.1,"sample":1},{"week":9,"averageReturn":-6.0,"sample":1},{"week":10,"averageReturn":1.7,"sample":1},{"week":11,"averageReturn":-0.6,"sample":1},{"week":12,"averageReturn":6.5,"sample":1},{"week":13,"averageReturn":4.6,"sample":1},{"week":14,"averageReturn":5.2,"sample":1},{"week":15,"averageReturn":-3.0,"sample":1},{"week":16,"averageReturn":-3.9,"sample":1},{"week":17,"averageReturn":-2.3,"sample":1},{"week":18,"averageReturn":-11.5,"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":5.2,"averageExpectedMove":5.2,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-7.2,"medianReturn":-7.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-3.5,"medianReturn":-3.5,"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":-3.0,"sample":2},{"week":2,"averageReturn":-1.4,"sample":2},{"week":3,"averageReturn":-9.0,"sample":2},{"week":4,"averageReturn":-7.2,"sample":1},{"week":5,"averageReturn":0.4,"sample":1},{"week":6,"averageReturn":-1.8,"sample":1},{"week":7,"averageReturn":5.2,"sample":1},{"week":8,"averageReturn":3.4,"sample":1},{"week":9,"averageReturn":3.9,"sample":1},{"week":10,"averageReturn":-4.2,"sample":1},{"week":11,"averageReturn":-5.0,"sample":1},{"week":12,"averageReturn":-3.5,"sample":1},{"week":13,"averageReturn":-12.5,"sample":1},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"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}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"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":"Countertrend conflict","tone":"caution","headline":"Positive Market Dynamics has weakened over four weeks","use":"Use the weaker four-week path as caution until price and Market Dynamics establish clearer agreement.","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":"positive","direction":"weakening","zone":"middle","zoneContext":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 8.1% across 1 completed cases, with the largest move arriving after 8.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[431.75,425.4,465.2,432.8,413.8,428.2,431.2,389.35,391.4,376.95,442.1,472.7,454.6,502.75,437.45,393.35,390.1,364.75,378.0,374.65,381.85,384.2,350.55,333.65,298.55,317.45,364.5,337.7,355.2,297.4,295.15,282.85,271.05,244.15,266.29,305.43,329.37,317.45,332.08,322.1,309.2,293.7,298.45,280.55,287.05,310.55,303.5,325.25,319.6,321.35,296.3,293.65,298.5,270.4],"consensus":[0.0,-59.4239,16.035,-44.6941,-15.9812,0.0,0.0,-34.8751,-15.4773,-25.6061,41.4753,42.6496,0.0,57.0906,-31.5402,-44.3747,-23.3552,-44.0515,-10.3629,-20.8872,0.0,0.0,-41.4979,-42.8454,-56.7569,-17.3236,27.8025,-26.9488,16.2967,-51.9531,-24.9603,-40.9706,-42.4729,-60.2741,0.0,31.8608,35.6154,0.0,27.639,0.0,-16.8436,-26.3884,-13.6346,-32.624,-8.8991,12.4506,0.0,23.918,20.0266,8.7603,-31.6804,-24.2811,0.0,-54.1477],"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":[null,null,null,0.0,0.0,-38.9205,-15.3906,-22.5116,39.9297,41.1898,0.0,43.7243,-29.4053,-43.9234,-22.091,-47.9046,-2.6756,-24.2412,0.0,0.0,-48.8133,-50.9464,-62.7154,-8.4497,28.4634,-29.7607,12.6912,-56.9809,-19.3132,-44.999,-43.1188,-58.1443,0.0,26.9713,33.6707,0.0,23.1843,0.0,-11.7233,-29.634,-12.372,-36.3559,-4.7606,6.5876,0.0,16.6914,17.4632,2.9456,-35.1633,-25.7451,0.0,-45.8352],"force":[16.035,-44.6941,-13.2211,0.0,0.0,-34.9087,-5.7292,-16.7882,78.3366,39.9443,0.0,78.9567,-74.7077,-47.1241,-13.8339,-37.8573,-8.8993,-10.3789,0.0,0.0,-40.5059,-31.0181,-49.8606,-9.3646,63.3053,-40.4037,29.4947,-67.2925,-6.2696,-28.3323,-30.4794,-75.1059,0.0,76.4629,47.5391,0.0,27.436,0.0,-36.4144,-30.2059,-7.9536,-27.5591,-2.332,16.8495,0.0,17.8117,11.1226,0.8589,-53.235,-21.1406,0.0,-83.8487],"direction":[null,null,-17.9526,0.0,0.0,-30.2278,-22.5392,-35.4412,16.9122,46.2504,0.0,56.7476,-3.1463,-42.9265,-31.601,-44.0724,-32.907,-24.56,0.0,0.0,-33.8461,-42.0354,-54.8731,-46.5284,1.6881,-14.1246,10.9901,-35.2503,-44.7647,-45.3942,-50.3017,-52.1139,0.0,5.5902,29.3211,0.0,32.8753,0.0,-8.7162,-19.9524,-19.1354,-31.9768,-21.651,16.0092,0.0,36.5386,29.3163,21.0497,-12.3039,-24.8512,0.0,-42.4327],"intensity":[null,null,100.0,20.0,16.6667,71.4286,50.0,22.2222,100.0,100.0,25.0,84.6154,92.8571,100.0,31.25,29.4118,11.1111,26.3158,10.0,14.2857,59.0909,52.1739,62.5,32.0,84.6154,40.7407,35.7143,86.2069,80.0,12.9032,37.5,42.4242,38.2353,82.8571,47.2222,27.027,15.7895,10.2564,65.0,36.5854,2.381,46.5116,6.8182,66.6667,43.4783,51.0638,14.5833,44.898,52.0,21.5686,5.7692,55.7692],"confirmation":[27.7979,36.9688,50.3211,0.8883,3.1729,79.0994,49.9903,75.9724,82.419,81.5877,28.6709,87.1391,56.7743,82.2906,75.2028,81.849,4.7447,74.3125,25.7191,1.6535,81.1376,81.2266,85.8612,29.5299,55.3021,76.9908,73.6721,85.0159,52.8371,80.664,81.216,87.7722,9.4306,56.9626,79.79,28.3055,76.9062,28.0594,74.0644,76.5112,49.5425,78.2285,25.7326,49.5409,1.467,75.5778,74.1762,25.3178,78.7416,75.6519,3.0651,44.64],"persistence":[0.0,25.0,40.0,33.3333,28.5714,37.5,50.0,50.0,50.0,25.0,12.5,0.0,12.5,12.5,12.5,12.5,37.5,62.5,62.5,75.0,75.0,75.0,75.0,75.0,50.0,50.0,37.5,50.0,50.0,50.0,50.0,50.0,62.5,37.5,37.5,25.0,0.0,12.5,12.5,12.5,0.0,25.0,50.0,37.5,50.0,37.5,12.5,12.5,12.5,12.5,25.0,0.0],"assessmentRisk":[null,null,20.9429,4.4867,46.7309,29.1312,28.4169,35.9851,3.716,28.2527,46.2291,21.4233,9.4229,26.5499,35.7308,27.9292,41.3393,13.5725,8.33,26.2669,11.9482,22.8094,21.3708,40.3356,8.5197,21.5579,41.0916,5.1709,36.938,27.9519,28.5903,18.0885,39.1885,16.2576,30.1582,49.8347,35.2073,31.6721,25.3947,24.6106,40.5626,32.3825,36.6736,28.5694,14.264,37.37,38.7118,28.9003,6.8645,36.8004,44.2648,22.7948],"volumeParticipation":true,"latest":{"consensus":-54.1,"control":-45.8,"force":-83.8,"direction":-42.4,"confirmation":44.6,"persistence":0.0,"assessmentRisk":22.8,"intensity":55.8,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-54.1","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-45.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-83.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-42.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"39.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"12.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"13.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"33%","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":[431.75,425.4,465.2,432.8,413.8,428.2,431.2,389.35,391.4,376.95,442.1,472.7,454.6,502.75,437.45,393.35,390.1,364.75,378.0,374.65,381.85,384.2,350.55,333.65,298.55,317.45,364.5,337.7,355.2,297.4,295.15,282.85,271.05,244.15,266.29,305.43,329.37,317.45,332.08,322.1,309.2,293.7,298.45,280.55,287.05,310.55,303.5,325.25,319.6,321.35,296.3,293.65,298.5,270.4],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,432.0815,431.3758,431.3438,423.7086,417.8343,410.4008,416.1643,426.4435,431.5629,444.506,443.2231,434.1552,426.1452,414.9824,408.2584,402.1477,398.4572,395.865,387.6259,377.8121,363.4008,355.0461,356.765,353.2987,353.6444,343.4181,334.6421,325.2253,315.3753,302.4252,295.8552,297.5961,303.3731,305.9326,310.6866,312.7618,312.1142,308.7662,306.8905,302.1013,299.3647,301.3984,301.7805,306.0477,308.5117,310.846,308.2013,305.5556,304.2727,298.1141],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,429.4391,434.8695,435.0607,431.971,428.8694,424.1199,420.7036,417.2922,414.6668,412.41,407.8278,402.3332,394.6455,388.9273,387.1179,383.4573,381.3642,375.1446,369.2191,362.8214,356.0235,347.7366,341.7035,339.0166,338.302,336.7574,336.4109,335.3509,333.4138,330.472,328.1,324.5778,321.7979,320.9648,319.6711,320.0843,320.0485,320.1449,318.3786,316.5468,315.21,311.8908],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,468.3903,470.0941,480.3672,482.7511,498.7548,496.8742,495.285,493.796,494.7329,493.5202,492.3614,491.4691,490.6764,486.3087,487.2786,493.357,493.1125,488.9405,488.9463,488.0697,491.055,486.17,473.8281,463.7454,438.4664,424.9505,417.0993,409.5594,405.3899,399.3962,392.9105,383.5238,371.8121,366.6413,364.0153,363.9466,363.3936,353.5748,351.4928,344.1597,346.3364,346.3684,346.2957,345.5073,340.7279],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,368.8197,371.3877,369.7745,371.9335,366.7024,369.2125,365.84,362.5687,354.5837,350.885,347.2886,343.1909,339.8636,332.7663,321.8814,304.2781,293.4475,290.9495,285.7787,283.0353,272.095,262.285,255.6419,247.3696,246.7886,243.1885,242.2477,243.7146,243.1541,244.5558,245.7866,247.9083,250.5699,250.5307,247.8467,246.7654,246.6284,250.3472,251.1842,254.9573,255.1756,255.2586,256.4113,259.9447,267.3491],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":[null,null,null,null,null,null,null,14.7459,9.8692,14.9952,93.536,27.1215,23.3665,138.8748,133.3971,22.4414,18.0014,11.7621,28.2344,11.1199,33.0843,19.0597,23.3703,16.2457,27.6008,27.7508,68.2109,70.5368,34.5623,56.181,33.721,25.6234,35.867,198.3463,123.9134,173.8135,62.259,62.4702,41.4186,70.1019,179.7977,48.9819,40.6225,11.5873,13.5229,34.0066,0.0,16.6322,12.8023,124.6878,84.9777,63.0917,123.7473,461.5194],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,69.8556,72.1364,68.97,88.5939,93.9304,89.6087,116.0857,90.0316,85.8639,82.6839,80.7085,85.2684,83.5528,86.903,88.5461,86.7966,85.7253,84.0025,85.6852,89.8471,85.5245,87.6397,84.1937,82.4263,81.1352,79.3739,71.4762,75.0152,80.0551,81.8162,80.0559,81.1513,79.2922,74.3842,73.0547,74.1439,73.8376,74.1857,75.0471,75.0471,75.4008,75.1404,77.6157,75.9323,74.6838,77.178,67.4547],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-1.4708,0.0,-6.9648,-11.049,-7.9536,-7.3087,-16.3048,-15.8641,-18.9703,-4.9656,0.0,-3.8291,0.0,-12.9886,-21.7603,-22.4068,-27.449,-24.8135,-25.4799,-24.0477,-23.5803,-30.2735,-33.635,-40.6166,-36.8573,-27.4988,-32.8294,-29.3486,-40.8454,-41.2929,-43.7394,-46.0865,-51.4371,-47.0333,-39.2481,-34.4863,-36.8573,-33.9473,-35.9324,-38.4983,-41.5813,-40.6365,-44.1969,-42.904,-38.2297,-39.632,-35.3058,-36.4296,-36.0816,-41.0641,-41.5912,-40.6266,-46.2158],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.5265,0.0,17.2835,25.4012,20.5995,33.3731,16.0499,4.3507,3.4885,0.0,3.6326,2.7142,4.6881,5.3324,0.0,0.0,0.0,6.3306,22.0901,13.1134,18.9751,0.0,0.0,0.0,0.0,0.0,9.0682,25.0993,34.9048,30.0225,36.0147,31.9271,26.6435,20.2949,22.2404,14.9089,17.5712,27.1964,24.3088,33.2173,30.9031,31.6199,21.3598,20.2744,22.2609,10.7516],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,14.8613,17.8657,19.4019,18.7274,19.272,18.0646,17.3361,16.4003,15.462,16.5732,16.6474,18.393,17.022,15.6472,17.0511,15.6574,18.921,18.3447,18.5946,18.7231,20.6558,18.845,16.6234,15.3186,15.5753,14.3591,14.3464,15.0313,15.278,14.5449,14.9138,13.8111,12.7489,12.2792,11.271,10.9337,10.7531,11.65,11.2354,10.7886,12.5185],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,23.7863,23.4601,26.0175,25.9318,30.5162,29.4801,30.0641,30.6475,33.0028,33.7836,34.5555,35.5302,36.3168,37.4917,40.8812,47.4099,50.7692,50.7741,52.4489,53.1794,57.3832,59.8259,59.8205,60.8554,55.9435,54.4084,53.0378,50.7734,50.0308,48.0906,46.07,42.9549,38.9607,37.6266,37.9721,38.3753,38.2823,34.1857,33.2877,29.7779,30.3105,30.2878,29.8269,28.264,24.1347],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":[null,null,null,null,null,null,null,13.1535,14.8548,9.9615,60.0769,83.6154,69.6923,86.2605,42.7283,17.0739,15.1832,1.1836,15.1303,13.3297,17.1997,18.4628,2.1641,0.492,1.001,10.8003,30.0122,19.069,26.2148,2.6133,5.5512,0.7258,2.2333,0.8665,13.8213,26.3321,33.9843,30.1742,34.8506,31.6605,39.2662,37.6599,43.2464,32.9796,36.7078,50.1864,48.2459,62.1277,58.8899,59.9573,44.6782,43.0619,46.5885,33.3921],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-21.1842,-20.7692,-23.6943,-10.5061,-4.3117,-7.9757,-4.2107,-18.371,-26.6001,-27.2066,-31.9369,-29.4645,-30.0896,-28.746,-28.3075,-34.5867,-37.7403,-44.29,-40.7632,-31.9836,-36.9845,-33.719,-44.5046,-44.9244,-47.2196,-49.4215,-54.4411,-50.3098,-43.0062,-38.5389,-40.7632,-38.0332,-39.8955,-30.1164,-28.4792,-24.8993,-29.4036,-27.768,-21.8546,-22.1396,-16.0753,-17.416,-16.9638,-23.4367,-24.1214,-22.4675,-25.8874],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,4.2436,4.7925,3.5577,21.456,29.8626,24.8901,38.1181,20.1786,8.0632,7.1703,0.5652,8.0463,7.0887,9.1468,9.8185,1.1834,0.3006,0.8104,9.0894,25.2577,16.0481,22.0619,2.1993,5.0356,0.6584,2.283,1.0555,19.3858,36.9334,47.6664,42.3224,48.8814,44.4071,38.6236,31.6745,33.8041,25.779,28.6931,39.2289,36.0681,45.8193,43.2863,44.0708,32.8402,31.6521,33.8265,21.2284],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,1.1002,6.7791,5.942,1.7005,-1.9013,-6.7237,-9.3684,-11.6009,-12.6434,-13.1287,-16.0436,-19.4927,-24.7728,-27.1196,-24.896,-25.008,-23.4148,-26.5105,-28.8133,-31.2703,-33.7803,-37.5077,-38.2345,-35.2458,-30.5929,-27.5497,-23.6844,-21.1823,-20.0096,-20.0992,-19.5615,-20.3452,-20.2088,-17.9971,-16.6215,-13.6193,-11.5627,-9.68,-10.0929,-10.5128,-10.3351,-12.3196],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1.7972,0.093,-1.7993,-3.7596,-5.5363,-7.0548,-8.8526,-10.9806,-13.739,-16.4151,-18.1113,-19.4907,-20.2755,-21.5225,-22.9806,-24.6386,-26.4669,-28.6751,-30.587,-31.5187,-31.3336,-30.5768,-29.1983,-27.5951,-26.078,-24.8823,-23.8181,-23.1235,-22.5406,-21.6319,-20.6298,-19.2277,-17.6947,-16.0917,-14.892,-14.0161,-13.2799,-13.0879],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-3.6985,-6.8167,-7.5691,-7.8413,-7.1071,-6.0739,-7.191,-8.5121,-11.0338,-10.7045,-6.7847,-5.5174,-3.1393,-4.988,-5.8327,-6.6317,-7.3134,-8.8326,-7.6475,-3.7271,0.7406,3.0271,5.5139,6.4128,6.0684,4.783,4.2566,2.7783,2.3317,3.6348,4.0083,5.6084,6.132,6.4118,4.7991,3.5034,2.9449,0.7682],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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/8ce11b3d-18d4-40e9-bf1f-b194bd117743/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/8ce11b3d-18d4-40e9-bf1f-b194bd117743/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/8ce11b3d-18d4-40e9-bf1f-b194bd117743/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/8ce11b3d-18d4-40e9-bf1f-b194bd117743/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/8ce11b3d-18d4-40e9-bf1f-b194bd117743/technical-pack/data.json"},"source_fingerprint":"f6f066373f807a3e23ca05f4c03ea98f4650d224fb3ce16d687cce0e6b064aa9","content_hash":"030257409915a1b284daa138b37b872397c67554829075dd3f61bbd035ef6837","citation":"Sharemaestro, MBEL Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/8ce11b3d-18d4-40e9-bf1f-b194bd117743/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."}