{"schema_version":"1.0","name":"SPQG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"8f4e9739-6f45-428e-9650-772211d1e30e","symbol":"SPQG","name":"Invesco Markets II plc - Invesco S&P 500 Quality UCITS ETF Dist","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Acceleration, deceleration and rollover, Directional strength and control, Range pressure and compression, Strength versus the research benchmark."},{"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":60,"displayedObservations":60,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.432999,0.441452,0.400319,0.365145,0.393759,0.692887,1.126353,1.20541,0.977251,0.59958,0.204299,-0.102654,-0.145949,-0.070333,-0.021153,0.133592,0.286943,0.538141,0.856326,1.107852,1.266335,1.352542,1.365321,1.360985,1.461711,1.320756,0.95548,0.718481,0.338816,-0.023621,-0.068008,-0.256488],"opens":[4.152131,4.140381,4.071883,4.142131,4.223879,4.20088,4.288107,4.334376,4.155381,4.133,4.0675,4.05,4.119913,4.211661,4.301159,4.278659,4.344908,4.386407,4.42425,4.598653,4.645151,4.64575,4.87525,4.79175,4.7765,4.72179,4.54625,4.56725,4.57675,4.55625,4.60608,4.6785],"highs":[4.210879,4.140381,4.086383,4.214629,4.223879,4.281627,4.330375,4.334376,4.212379,4.159,4.1335,4.15513,4.23791,4.28616,4.308409,4.314349,4.383407,4.482405,4.55225,4.632772,4.645151,4.687,4.87525,4.79175,4.794,4.73,4.54625,4.6305,4.598,4.66325,4.66325,4.6845],"lows":[4.132131,4.094382,4.071883,4.142131,4.206629,4.20088,4.270127,4.257628,4.14225,4.0695,4.0555,4.05,4.119913,4.207161,4.26791,4.26766,4.344908,4.386407,4.4215,4.583653,4.645151,4.64575,4.87525,4.79175,4.7755,4.72179,4.54625,4.56725,4.522,4.55625,4.59675,4.56675],"closes":[4.18638,4.094382,4.076133,4.214629,4.218629,4.281627,4.330375,4.257628,4.14225,4.08475,4.0555,4.1355,4.23791,4.28616,4.308409,4.304659,4.373907,4.482405,4.55225,4.583653,4.645151,4.687,4.87525,4.79175,4.78875,4.73,4.54625,4.61475,4.522,4.60275,4.65825,4.56675],"hoverRows":[[{"label":"Open","value":"4.15","className":"is-ohlc","compact":true},{"label":"High","value":"4.21","className":"is-ohlc","compact":true},{"label":"Low","value":"4.13","className":"is-ohlc","compact":true},{"label":"Close","value":"4.19","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":"4.14","className":"is-ohlc","compact":true},{"label":"High","value":"4.14","className":"is-ohlc","compact":true},{"label":"Low","value":"4.09","className":"is-ohlc","compact":true},{"label":"Close","value":"4.09","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.44","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.07","className":"is-ohlc","compact":true},{"label":"High","value":"4.09","className":"is-ohlc","compact":true},{"label":"Low","value":"4.07","className":"is-ohlc","compact":true},{"label":"Close","value":"4.08","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":"4.14","className":"is-ohlc","compact":true},{"label":"High","value":"4.21","className":"is-ohlc","compact":true},{"label":"Low","value":"4.14","className":"is-ohlc","compact":true},{"label":"Close","value":"4.21","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.37","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"4.22","className":"is-ohlc","compact":true},{"label":"High","value":"4.22","className":"is-ohlc","compact":true},{"label":"Low","value":"4.21","className":"is-ohlc","compact":true},{"label":"Close","value":"4.22","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.39","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.20","className":"is-ohlc","compact":true},{"label":"High","value":"4.28","className":"is-ohlc","compact":true},{"label":"Low","value":"4.20","className":"is-ohlc","compact":true},{"label":"Close","value":"4.28","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.69","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.29","className":"is-ohlc","compact":true},{"label":"High","value":"4.33","className":"is-ohlc","compact":true},{"label":"Low","value":"4.27","className":"is-ohlc","compact":true},{"label":"Close","value":"4.33","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.13","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.33","className":"is-ohlc","compact":true},{"label":"High","value":"4.33","className":"is-ohlc","compact":true},{"label":"Low","value":"4.26","className":"is-ohlc","compact":true},{"label":"Close","value":"4.26","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.21","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.16","className":"is-ohlc","compact":true},{"label":"High","value":"4.21","className":"is-ohlc","compact":true},{"label":"Low","value":"4.14","className":"is-ohlc","compact":true},{"label":"Close","value":"4.14","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.98","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.13","className":"is-ohlc","compact":true},{"label":"High","value":"4.16","className":"is-ohlc","compact":true},{"label":"Low","value":"4.07","className":"is-ohlc","compact":true},{"label":"Close","value":"4.08","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.60","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.07","className":"is-ohlc","compact":true},{"label":"High","value":"4.13","className":"is-ohlc","compact":true},{"label":"Low","value":"4.06","className":"is-ohlc","compact":true},{"label":"Close","value":"4.06","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.05","className":"is-ohlc","compact":true},{"label":"High","value":"4.16","className":"is-ohlc","compact":true},{"label":"Low","value":"4.05","className":"is-ohlc","compact":true},{"label":"Close","value":"4.14","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.10","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.12","className":"is-ohlc","compact":true},{"label":"High","value":"4.24","className":"is-ohlc","compact":true},{"label":"Low","value":"4.12","className":"is-ohlc","compact":true},{"label":"Close","value":"4.24","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.15","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.21","className":"is-ohlc","compact":true},{"label":"High","value":"4.29","className":"is-ohlc","compact":true},{"label":"Low","value":"4.21","className":"is-ohlc","compact":true},{"label":"Close","value":"4.29","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.07","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.30","className":"is-ohlc","compact":true},{"label":"High","value":"4.31","className":"is-ohlc","compact":true},{"label":"Low","value":"4.27","className":"is-ohlc","compact":true},{"label":"Close","value":"4.31","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.02","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.28","className":"is-ohlc","compact":true},{"label":"High","value":"4.31","className":"is-ohlc","compact":true},{"label":"Low","value":"4.27","className":"is-ohlc","compact":true},{"label":"Close","value":"4.30","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.13","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"4.34","className":"is-ohlc","compact":true},{"label":"High","value":"4.38","className":"is-ohlc","compact":true},{"label":"Low","value":"4.34","className":"is-ohlc","compact":true},{"label":"Close","value":"4.37","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.29","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.39","className":"is-ohlc","compact":true},{"label":"High","value":"4.48","className":"is-ohlc","compact":true},{"label":"Low","value":"4.39","className":"is-ohlc","compact":true},{"label":"Close","value":"4.48","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.42","className":"is-ohlc","compact":true},{"label":"High","value":"4.55","className":"is-ohlc","compact":true},{"label":"Low","value":"4.42","className":"is-ohlc","compact":true},{"label":"Close","value":"4.55","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.86","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.60","className":"is-ohlc","compact":true},{"label":"High","value":"4.63","className":"is-ohlc","compact":true},{"label":"Low","value":"4.58","className":"is-ohlc","compact":true},{"label":"Close","value":"4.58","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.11","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.65","className":"is-ohlc","compact":true},{"label":"High","value":"4.65","className":"is-ohlc","compact":true},{"label":"Low","value":"4.65","className":"is-ohlc","compact":true},{"label":"Close","value":"4.65","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.27","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"4.65","className":"is-ohlc","compact":true},{"label":"High","value":"4.69","className":"is-ohlc","compact":true},{"label":"Low","value":"4.65","className":"is-ohlc","compact":true},{"label":"Close","value":"4.69","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.35","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.88","className":"is-ohlc","compact":true},{"label":"High","value":"4.88","className":"is-ohlc","compact":true},{"label":"Low","value":"4.88","className":"is-ohlc","compact":true},{"label":"Close","value":"4.88","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.37","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.79","className":"is-ohlc","compact":true},{"label":"High","value":"4.79","className":"is-ohlc","compact":true},{"label":"Low","value":"4.79","className":"is-ohlc","compact":true},{"label":"Close","value":"4.79","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.36","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.78","className":"is-ohlc","compact":true},{"label":"High","value":"4.79","className":"is-ohlc","compact":true},{"label":"Low","value":"4.78","className":"is-ohlc","compact":true},{"label":"Close","value":"4.79","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.46","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.72","className":"is-ohlc","compact":true},{"label":"High","value":"4.73","className":"is-ohlc","compact":true},{"label":"Low","value":"4.72","className":"is-ohlc","compact":true},{"label":"Close","value":"4.73","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.32","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.55","className":"is-ohlc","compact":true},{"label":"High","value":"4.55","className":"is-ohlc","compact":true},{"label":"Low","value":"4.55","className":"is-ohlc","compact":true},{"label":"Close","value":"4.55","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.96","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.57","className":"is-ohlc","compact":true},{"label":"High","value":"4.63","className":"is-ohlc","compact":true},{"label":"Low","value":"4.57","className":"is-ohlc","compact":true},{"label":"Close","value":"4.61","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.72","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.58","className":"is-ohlc","compact":true},{"label":"High","value":"4.60","className":"is-ohlc","compact":true},{"label":"Low","value":"4.52","className":"is-ohlc","compact":true},{"label":"Close","value":"4.52","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.56","className":"is-ohlc","compact":true},{"label":"High","value":"4.66","className":"is-ohlc","compact":true},{"label":"Low","value":"4.56","className":"is-ohlc","compact":true},{"label":"Close","value":"4.60","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.02","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.61","className":"is-ohlc","compact":true},{"label":"High","value":"4.66","className":"is-ohlc","compact":true},{"label":"Low","value":"4.60","className":"is-ohlc","compact":true},{"label":"Close","value":"4.66","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.07","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"4.68","className":"is-ohlc","compact":true},{"label":"High","value":"4.68","className":"is-ohlc","compact":true},{"label":"Low","value":"4.57","className":"is-ohlc","compact":true},{"label":"Close","value":"4.57","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.26","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[4.006315,4.924435],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.256488,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"1 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":32,"relationship":{"sameWeekCorrelation":0.41,"forwardCorrelation":-0.63,"directionalAgreement":48.1,"sample":27,"correlationSample":31,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2.0,"averageWeeksToHigher":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":4.8,"averageReturn":4.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":9.7,"averageReturn":9.7,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":12.7,"averageReturn":12.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.6,"sample":2},{"week":2,"averageReturn":2.1,"sample":2},{"week":3,"averageReturn":3.4,"sample":2},{"week":4,"averageReturn":4.8,"sample":2},{"week":5,"averageReturn":5.6,"sample":2},{"week":6,"averageReturn":4.7,"sample":2},{"week":7,"averageReturn":4.1,"sample":2},{"week":8,"averageReturn":4.7,"sample":2},{"week":9,"averageReturn":5.2,"sample":2},{"week":10,"averageReturn":6.6,"sample":2},{"week":11,"averageReturn":8.6,"sample":2},{"week":12,"averageReturn":9.7,"sample":2},{"week":13,"averageReturn":12.3,"sample":2},{"week":14,"averageReturn":11.2,"sample":2},{"week":15,"averageReturn":12.0,"sample":2},{"week":16,"averageReturn":12.6,"sample":2},{"week":17,"averageReturn":11.2,"sample":2},{"week":18,"averageReturn":12.5,"sample":2},{"week":19,"averageReturn":12.1,"sample":2},{"week":20,"averageReturn":13.6,"sample":2},{"week":21,"averageReturn":16.6,"sample":2},{"week":22,"averageReturn":14.4,"sample":2},{"week":23,"averageReturn":17.0,"sample":1},{"week":24,"averageReturn":15.5,"sample":1},{"week":25,"averageReturn":11.0,"sample":1},{"week":26,"averageReturn":12.7,"sample":1}]},"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":-6.7,"averageReturn":-6.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"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,"averageReturn":-1.7,"sample":1},{"week":2,"averageReturn":-1.8,"sample":1},{"week":3,"averageReturn":-3.0,"sample":1},{"week":4,"averageReturn":-6.7,"sample":1},{"week":5,"averageReturn":-5.3,"sample":1},{"week":6,"averageReturn":-7.2,"sample":1},{"week":7,"averageReturn":-5.6,"sample":1},{"week":8,"averageReturn":-4.5,"sample":1},{"week":9,"averageReturn":-6.3,"sample":1},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":8.5,"averageExpectedMove":8.5,"averageWeeksToLargestMove":9.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":2.3,"medianReturn":2.3,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":5.4,"medianReturn":5.4,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":10.4,"medianReturn":10.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.6,"sample":2},{"week":2,"averageReturn":3.4,"sample":2},{"week":3,"averageReturn":3.3,"sample":2},{"week":4,"averageReturn":2.3,"sample":2},{"week":5,"averageReturn":2.4,"sample":2},{"week":6,"averageReturn":2.5,"sample":2},{"week":7,"averageReturn":5.6,"sample":2},{"week":8,"averageReturn":5.9,"sample":2},{"week":9,"averageReturn":6.4,"sample":2},{"week":10,"averageReturn":6.0,"sample":2},{"week":11,"averageReturn":3.8,"sample":2},{"week":12,"averageReturn":5.4,"sample":2},{"week":13,"averageReturn":5.7,"sample":2},{"week":14,"averageReturn":7.4,"sample":2},{"week":15,"averageReturn":8.4,"sample":2},{"week":16,"averageReturn":8.1,"sample":2},{"week":17,"averageReturn":11.1,"sample":1},{"week":18,"averageReturn":15.6,"sample":1},{"week":19,"averageReturn":13.6,"sample":1},{"week":20,"averageReturn":13.5,"sample":1},{"week":21,"averageReturn":12.1,"sample":1},{"week":22,"averageReturn":7.8,"sample":1},{"week":23,"averageReturn":9.4,"sample":1},{"week":24,"averageReturn":7.2,"sample":1},{"week":25,"averageReturn":9.1,"sample":1},{"week":26,"averageReturn":10.4,"sample":1}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":2.5,"averageExpectedMove":2.5,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":4.1,"medianReturn":4.1,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":15.9,"medianReturn":15.9,"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":1.8,"sample":2},{"week":2,"averageReturn":1.4,"sample":2},{"week":3,"averageReturn":4.2,"sample":1},{"week":4,"averageReturn":4.1,"sample":1},{"week":5,"averageReturn":5.8,"sample":1},{"week":6,"averageReturn":8.4,"sample":1},{"week":7,"averageReturn":10.1,"sample":1},{"week":8,"averageReturn":10.8,"sample":1},{"week":9,"averageReturn":12.3,"sample":1},{"week":10,"averageReturn":13.3,"sample":1},{"week":11,"averageReturn":17.9,"sample":1},{"week":12,"averageReturn":15.9,"sample":1},{"week":13,"averageReturn":15.8,"sample":1},{"week":14,"averageReturn":14.4,"sample":1},{"week":15,"averageReturn":9.9,"sample":1},{"week":16,"averageReturn":11.6,"sample":1},{"week":17,"averageReturn":9.3,"sample":1},{"week":18,"averageReturn":11.3,"sample":1},{"week":19,"averageReturn":12.6,"sample":1},{"week":20,"averageReturn":10.4,"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":1.1,"averageExpectedMove":1.1,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":3.2,"medianReturn":3.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":13.0,"medianReturn":13.0,"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":-0.4,"sample":2},{"week":2,"averageReturn":1.7,"sample":1},{"week":3,"averageReturn":1.6,"sample":1},{"week":4,"averageReturn":3.2,"sample":1},{"week":5,"averageReturn":5.8,"sample":1},{"week":6,"averageReturn":7.4,"sample":1},{"week":7,"averageReturn":8.2,"sample":1},{"week":8,"averageReturn":9.6,"sample":1},{"week":9,"averageReturn":10.6,"sample":1},{"week":10,"averageReturn":15.0,"sample":1},{"week":11,"averageReturn":13.1,"sample":1},{"week":12,"averageReturn":13.0,"sample":1},{"week":13,"averageReturn":11.6,"sample":1},{"week":14,"averageReturn":7.3,"sample":1},{"week":15,"averageReturn":8.9,"sample":1},{"week":16,"averageReturn":6.7,"sample":1},{"week":17,"averageReturn":8.6,"sample":1},{"week":18,"averageReturn":9.9,"sample":1},{"week":19,"averageReturn":7.8,"sample":1},{"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":12.1,"averageExpectedMove":12.1,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":2.4,"medianReturn":2.4,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":12.1,"medianReturn":12.1,"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":0.1,"sample":2},{"week":2,"averageReturn":-1.3,"sample":2},{"week":3,"averageReturn":0.5,"sample":2},{"week":4,"averageReturn":2.4,"sample":2},{"week":5,"averageReturn":2.0,"sample":2},{"week":6,"averageReturn":4.0,"sample":1},{"week":7,"averageReturn":3.9,"sample":1},{"week":8,"averageReturn":5.6,"sample":1},{"week":9,"averageReturn":8.2,"sample":1},{"week":10,"averageReturn":9.9,"sample":1},{"week":11,"averageReturn":10.7,"sample":1},{"week":12,"averageReturn":12.1,"sample":1},{"week":13,"averageReturn":13.2,"sample":1},{"week":14,"averageReturn":17.7,"sample":1},{"week":15,"averageReturn":15.7,"sample":1},{"week":16,"averageReturn":15.6,"sample":1},{"week":17,"averageReturn":14.2,"sample":1},{"week":18,"averageReturn":9.8,"sample":1},{"week":19,"averageReturn":11.4,"sample":1},{"week":20,"averageReturn":9.2,"sample":1},{"week":21,"averageReturn":11.1,"sample":1},{"week":22,"averageReturn":12.5,"sample":1},{"week":23,"averageReturn":10.2,"sample":1},{"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":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":3.1,"medianReturn":3.1,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"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,"averageReturn":-0.5,"sample":2},{"week":2,"averageReturn":5.0,"sample":1},{"week":3,"averageReturn":3.2,"sample":1},{"week":4,"averageReturn":3.1,"sample":1},{"week":5,"averageReturn":1.8,"sample":1},{"week":6,"averageReturn":-2.1,"sample":1},{"week":7,"averageReturn":-0.7,"sample":1},{"week":8,"averageReturn":-2.7,"sample":1},{"week":9,"averageReturn":-0.9,"sample":1},{"week":10,"averageReturn":0.3,"sample":1},{"week":11,"averageReturn":-1.7,"sample":1},{"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":"Rollover warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":13.0,"sample":1},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 13.0% across 1 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 2.0 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 1.1% across 1 completed cases, with the largest move arriving after 1.0 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":[{"date":"2026-02-06","price":4.214629},{"date":"2026-05-01","price":4.304659}],"reversal_warnings":[{"date":"2026-06-05","price":4.645151},{"date":"2026-08-14","price":4.65825}],"reversal_dangers":[{"date":"2026-08-21","price":4.56675}]}},"smTape":{"available":true,"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[3.796,3.8117,3.8447,3.9085,3.864,3.845,3.845,3.872,3.861,3.8485,3.8658,3.906,3.9115,3.9808,3.9513,3.9458,4.0328,4.073,4.007,4.054,3.9965,4.0728,4.073,4.0974,4.0741,4.0646,4.0289,4.1549,4.1864,4.0944,4.0761,4.2146,4.2186,4.2816,4.3304,4.2576,4.1422,4.0847,4.0555,4.1355,4.2379,4.2862,4.3084,4.3047,4.3739,4.4824,4.5522,4.5837,4.6452,4.687,4.8753,4.7918,4.7888,4.73,4.5462,4.6147,4.522,4.6028,4.6582,4.5667],"consensus":[-97.2305,-28.304,100.0,100.0,0.0,-13.3576,-13.3062,0.0,0.0,-9.8294,13.2669,14.782,-8.1647,21.7913,0.0,0.0,22.979,11.7414,-8.719,0.0,-16.1172,22.3144,19.4451,22.1192,0.0,-8.7867,-15.6324,32.9465,26.7475,-17.5951,0.0,44.6092,21.1455,49.8641,51.3515,-9.0764,-32.9076,-38.2436,-36.0055,0.0,39.458,43.2513,40.6131,32.0294,44.3727,61.789,61.6585,34.5095,47.2735,66.1154,57.9777,29.4799,43.127,29.6313,-33.4155,22.141,-55.8963,16.0233,47.1491,-44.796],"supportDates":["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","2026-08-21"],"control":[0.0,-18.5038,23.3077,23.653,-18.9577,30.3189,0.0,0.0,32.9389,8.9107,-19.8808,0.0,-22.5833,34.9348,28.4732,32.6053,0.0,-17.9022,-24.3971,46.3897,27.4219,-26.6113,0.0,53.2881,25.7531,52.3759,53.4669,-17.0662,-35.9402,-34.9741,-37.7256,0.0,49.0201,50.6071,46.5772,33.1612,51.4198,75.049,72.6515,15.8316,45.0357,68.6106,57.3038,20.497,43.6886,40.0627,-32.7306,30.4326,-50.1167,21.4352,44.6695,-40.1798],"force":[0.0,-10.5042,12.6654,14.0289,-10.8569,18.272,0.0,0.0,19.0396,10.8407,-15.0496,0.0,-30.2258,19.8197,13.8052,17.2903,0.0,-13.4344,-19.0095,29.0543,24.8496,-37.9606,0.0,56.8988,11.0992,57.4914,52.9918,-41.997,-53.7401,-49.5749,-26.9785,0.0,40.7012,35.2052,26.0729,18.1001,28.8626,46.202,43.9841,24.3112,25.1811,61.6701,38.5786,9.2223,12.7526,10.729,-38.8069,56.3452,-85.9962,51.3923,75.4803,-84.212],"direction":[0.0,-0.5663,2.2213,5.1817,-6.093,14.5594,0.0,0.0,14.4101,15.62,-8.5592,0.0,-1.3503,9.673,13.1557,13.5842,0.0,-4.9509,-3.2035,20.3629,27.3325,-7.256,0.0,25.9123,23.0556,41.5453,47.7623,-23.5696,-14.5614,-33.8863,-40.4876,0.0,27.6419,40.5919,44.183,40.6853,47.3976,57.7683,61.7195,63.1402,65.6111,66.4388,72.6043,67.3905,64.1812,46.5385,-30.3473,11.7666,-41.0017,15.4252,29.7464,-21.9173],"intensity":[25.0,11.1111,30.0,72.7273,91.6667,84.6154,50.0,33.3333,87.5,82.3529,72.2222,63.1579,85.0,80.9524,4.5455,30.4348,29.1667,36.0,53.8462,96.2963,64.2857,93.1034,60.0,96.7742,65.625,60.6061,73.5294,77.1429,91.6667,75.6757,28.9474,79.4872,90.0,82.9268,50.0,2.3256,75.0,91.1111,63.0435,97.8723,47.9167,34.6939,98.0,74.5098,7.6923,53.8462,98.0769,75.0,84.6154,69.2308,36.5385,80.7692],"confirmation":[47.8704,48.4879,49.4074,49.9055,49.1635,74.736,26.8879,49.1557,75.0814,71.7729,27.3056,25.1019,51.1103,74.8723,73.913,74.7712,3.6753,49.204,50.3051,78.2194,76.4911,52.995,25.0224,82.5172,74.3902,84.1507,84.4502,31.4808,79.1191,80.6331,79.2204,29.165,80.5187,81.4831,80.4622,77.8076,81.6192,87.0954,87.0245,79.0168,82.4883,88.9834,85.9719,33.025,80.8664,33.0486,78.8677,33.1781,86.8922,32.0803,83.9889,83.6063],"persistence":[12.5,12.5,12.5,12.5,25.0,0.0,12.5,12.5,25.0,50.0,25.0,12.5,12.5,12.5,25.0,37.5,25.0,0.0,0.0,12.5,37.5,12.5,0.0,0.0,12.5,37.5,62.5,37.5,12.5,12.5,0.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,50.0,50.0,25.0],"assessmentRisk":[0.9915,10.6041,23.9237,33.5702,51.3621,39.0821,52.766,45.4839,38.3791,43.706,48.7885,45.5698,25.5274,11.4208,34.6106,25.3058,47.3285,4.0025,29.1614,22.3302,34.927,32.1586,35.3715,13.8854,12.4754,24.817,24.2998,33.2204,22.2302,30.3308,31.9246,49.6554,22.8795,27.8696,29.616,33.186,26.4923,18.796,19.0914,32.7182,26.3447,16.925,21.0107,35.1511,27.432,13.5486,33.2309,59.1578,21.6897,51.5022,18.2456,0.9075],"volumeParticipation":true,"latest":{"consensus":-44.8,"control":-40.2,"force":-84.2,"direction":-21.9,"confirmation":83.6,"persistence":25.0,"assessmentRisk":0.9,"intensity":80.8,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-44.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-40.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-84.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"84/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"54.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"39.3","detail":"Directional","tone":"positive"},{"label":"Range position","value":"63%","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 is rotating through its trend references.","series":[{"label":"Close","values":[3.796,3.8117,3.8447,3.9085,3.864,3.845,3.845,3.872,3.861,3.8485,3.8658,3.906,3.9115,3.9808,3.9513,3.9458,4.0328,4.073,4.007,4.054,3.9965,4.0728,4.073,4.0974,4.0741,4.0646,4.0289,4.1549,4.1864,4.0944,4.0761,4.2146,4.2186,4.2816,4.3304,4.2576,4.1422,4.0847,4.0555,4.1355,4.2379,4.2862,4.3084,4.3047,4.3739,4.4824,4.5522,4.5837,4.6452,4.687,4.8753,4.7918,4.7888,4.73,4.5462,4.6147,4.522,4.6028,4.6582,4.5667],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,3.8326,3.8348,3.8367,3.8431,3.8464,3.8467,3.8502,3.8604,3.8697,3.8899,3.901,3.9092,3.9316,3.9573,3.9664,3.9823,3.9849,4.0009,4.014,4.0292,4.0373,4.0423,4.0399,4.0608,4.0836,4.0856,4.0839,4.1076,4.1278,4.1558,4.1875,4.2003,4.1897,4.1706,4.1497,4.1471,4.1636,4.1859,4.2082,4.2257,4.2527,4.2944,4.3413,4.3854,4.4326,4.4789,4.5509,4.5947,4.63,4.6482,4.6296,4.6269,4.6079,4.6069,4.6163,4.6073],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,3.8405,3.8509,3.8583,3.8648,3.8772,3.8917,3.9003,3.9117,3.9179,3.9294,3.94,3.9517,3.9608,3.9685,3.9729,3.9864,4.0012,4.0081,4.0132,4.0281,4.0422,4.0599,4.08,4.0931,4.0968,4.0959,4.0929,4.096,4.1066,4.1199,4.1338,4.1465,4.1633,4.187,4.214,4.2414,4.2713,4.3021,4.3446,4.3777,4.4081,4.432,4.4404,4.4533,4.4584,4.4691,4.4831,4.4893],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,3.9086,3.9081,3.9181,3.9269,3.9582,3.97,3.9777,4.0081,4.0426,4.0527,4.0705,4.0754,4.0933,4.11,4.1311,4.1437,4.1506,4.1502,4.1712,4.1933,4.1908,4.1842,4.2052,4.2218,4.2568,4.2952,4.3075,4.3089,4.3089,4.3062,4.307,4.3132,4.3313,4.3509,4.3678,4.3948,4.4432,4.4971,4.5556,4.6203,4.6811,4.7785,4.8428,4.8972,4.9349,4.9457,4.9613,4.9587,4.9511,4.9342,4.9107],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,3.7907,3.7942,3.7933,3.793,3.779,3.7782,3.7795,3.7672,3.7533,3.7548,3.7519,3.7671,3.7753,3.7814,3.7792,3.7876,3.8027,3.8215,3.8287,3.8392,3.8663,3.894,3.9038,3.9179,3.913,3.9125,3.9314,3.941,3.9421,3.9497,3.957,3.9749,3.9782,3.9821,3.986,3.9889,3.9823,3.9807,3.9651,3.9463,3.9448,3.9272,3.9207,3.9233,3.9304,3.9412,3.9614,4.0019,4.0613,4.1385,4.2051],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","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,636.4973,0.0,0.0,0.0,0.1982,0.0,0.2312,73.4538,0.0,454.0509,346.6735,0.0,0.0,83.5467,0.0,0.0,0.0,0.4459,0.0,0.0,0.0,0.0,0.0,0.0,0.0,206.1945,0.0,1.2816,0.0,156.3738,0.0,1470.6144,19.999,126.138,0.0,0.0,3.4333,0.0,5.6417,125.5783,96.8553,0.0,4.7506,0.0,0.0,727.6673,1.9131,0.0,837.2033,746.704,21.0694,286.8026,132.8003],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,135.0,135.0,135.0,132.7278,132.7278,135.0,135.0,135.0,135.0,133.1519,133.1519,133.1519,133.1519,133.1421,133.1421,133.1421,133.1421,133.1421,133.1421,133.1421,133.1421,135.0,135.0,135.0,135.0,133.9647,133.9647,119.541,119.7392,120.9503,120.9503,120.9503,120.9173,120.9173,120.9716,122.2634,123.3103,123.3103,123.3618,123.3618,123.3618,112.2899,112.2607,112.2607,134.1822,103.5984,104.4705,115.9154,110.2532],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","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,0.0239,0.0314,0.0346,0.0363,0.0441,0.0529,0.054,0.0579,0.0558,0.0596,0.0619,0.0649,0.0647,0.063,0.0581,0.0637,0.0699,0.0665,0.0617,0.0683,0.073,0.0809,0.09,0.0903,0.0803,0.067,0.0535,0.0487,0.0525,0.0587,0.0647,0.0684,0.076,0.0898,0.1051,0.1184,0.1324,0.1452,0.1686,0.1783,0.1837,0.1811,0.1624,0.1513,0.1335,0.1245,0.1204,0.1085],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0321,0.0362,0.0398,0.0434,0.0459,0.0486,0.0513,0.054,0.0561,0.0575,0.0576,0.0588,0.061,0.0621,0.0621,0.0633,0.0652,0.0684,0.0727,0.0762,0.077,0.075,0.0707,0.0663,0.0636,0.0626,0.063,0.0641,0.0665,0.0711,0.0779,0.086,0.0953,0.1053,0.118,0.13,0.1408,0.1488,0.1515,0.1515,0.1479,0.1432,0.1386,0.1326],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.012,0.0167,0.0142,0.0145,0.0099,0.0109,0.0106,0.0109,0.0085,0.0055,0.0005,0.0049,0.0088,0.0044,-0.0003,0.005,0.0077,0.0125,0.0173,0.0141,0.0033,-0.008,-0.0172,-0.0177,-0.0111,-0.0038,0.0017,0.0043,0.0095,0.0186,0.0272,0.0324,0.0371,0.0399,0.0506,0.0483,0.0429,0.0323,0.0108,-0.0002,-0.0144,-0.0187,-0.0182,-0.0241],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","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,68.6172,67.6471,67.1961,65.7139,63.7526,63.0585,62.4778,62.3111,62.4273,62.2353,59.7417,56.3249,52.9565,50.0826,48.2799,47.0366,46.0712,45.2265,45.0058,45.4469,46.2267,47.3137,48.3752,49.5349,51.2131,51.5104,51.5541,50.8411,48.1949,46.3046,44.1098,42.5107,41.0259,39.3222],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.1335,2.4911,2.4768,3.2111,4.3574,4.3063,4.9084,4.852,5.9015,5.8687,6.3839,6.4878,6.4645,6.3867,8.7255,10.2931,9.9776,9.8978,14.0659,14.3315,16.2039,17.8626,17.2558,16.3562,15.6736,15.0828,15.3677,18.6001,20.3333,21.0957,20.8728,23.9551,28.2656,30.1962,33.5775,33.0622,34.8904,42.4982,40.2516,39.7502,37.9095,33.3463,37.0857,34.7729,35.8327,34.2227,31.5219],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,0.2387,0.2369,0.3167,0.3123,0.3086,1.082,1.0622,1.6597,1.6329,1.6223,1.6024,1.5865,1.6015,2.6313,2.5306,2.467,3.6488,4.4202,4.1974,4.1693,4.0327,3.9294,4.3491,9.3357,12.3384,12.5499,11.8989,11.1968,10.74,10.5033,10.2237,9.7521,9.1274,8.4268,8.0186,7.7114,7.5008,6.6244,11.5606,12.5107,15.6456,25.2617,23.8445,25.4,23.0431,22.0077,22.2816],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","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,13.8999,13.1058,12.2572,11.292,10.5081,10.0359,9.3823,8.9403,8.28,7.7385,7.2317,6.821,6.3714,6.0415,5.6564,5.3472,5.2374,4.9245,4.6572,4.3496,4.1142,3.8767,3.7901,3.8163,3.7501,3.6448,3.5005,3.3708,3.2265,3.0477,2.9099,2.7879,2.699,2.6729,2.5905,2.4681,2.3352,2.3604,2.3545,2.2153,2.1837,2.3984,2.3244,2.3492,2.3623,2.2694,2.3337],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,3.0612,2.9572,3.2369,3.4682,4.6332,4.9509,5.1114,6.1973,7.4205,7.6315,8.145,7.8635,8.0828,8.3297,8.8991,8.9791,8.7491,8.2455,8.5623,8.8172,8.0569,7.184,7.4355,7.4653,8.4172,9.3234,9.1294,8.9194,8.8895,8.6363,8.4706,8.1641,8.5004,8.8531,9.1414,9.6846,10.9401,12.1812,13.8603,15.7367,17.0718,19.5569,21.0429,22.0818,22.6602,22.6062,22.4122,21.356,19.7442,17.5393,15.4799],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[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,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,8.7851,6.887,7.2837,2.107,2.3285,-0.8997,0.5668,3.1496,0.4705],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/8f4e9739-6f45-428e-9650-772211d1e30e/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/8f4e9739-6f45-428e-9650-772211d1e30e/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/8f4e9739-6f45-428e-9650-772211d1e30e/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/8f4e9739-6f45-428e-9650-772211d1e30e/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/8f4e9739-6f45-428e-9650-772211d1e30e/technical-pack/data.json"},"source_fingerprint":"9744658e1059c8ed2c5100e10b3fdc8dc484d90824234db9fef6d353b111b0f1","content_hash":"c8c2d5682292fe486c064d98f79a8282b2a61c33cef3aec4b631069bca8caeaf","citation":"Sharemaestro, SPQG Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/8f4e9739-6f45-428e-9650-772211d1e30e/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."}