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The upward price structure has improving support, but confirmation is not complete.","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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Drawdown and recovery pressure, Directional strength and control, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":20.7,"averageExpectedMove":20.7,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-12.2,"medianReturn":-12.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-19.9,"medianReturn":-19.9,"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":-3.0,"sample":2},{"week":2,"averageReturn":-11.7,"sample":2},{"week":3,"averageReturn":-9.6,"sample":2},{"week":4,"averageReturn":-12.2,"sample":2},{"week":5,"averageReturn":-16.9,"sample":2},{"week":6,"averageReturn":-16.1,"sample":2},{"week":7,"averageReturn":-16.3,"sample":2},{"week":8,"averageReturn":-16.2,"sample":2},{"week":9,"averageReturn":-16.9,"sample":2},{"week":10,"averageReturn":-13.4,"sample":2},{"week":11,"averageReturn":-17.2,"sample":1},{"week":12,"averageReturn":-19.9,"sample":1},{"week":13,"averageReturn":-14.7,"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}]},"currentApplication":{"status":"Repair in progress","tone":"caution","headline":"Market Dynamics is improving but remains below zero","use":"The repair supports the upward structure, but confirmation remains incomplete until Market Dynamics moves above zero.","confirm":"Continued repair would strengthen the upward case. Renewed weakness would leave price ahead of the underlying position.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is rising before Market Dynamics turns positive","detail":"The upward price structure is visible, but the underlying repair is not yet complete."}},"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, 85.7% of completed 12-week outcomes were higher across 7 cases. Distinct visits lasted 5.9 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 9.0% across 20 completed cases, with the largest move arriving after 5.1 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":"2025-01-10","price":146.300003},{"date":"2025-06-20","price":166.199997}],"distribution_rollovers":[{"date":"2026-04-17","price":222.600006},{"date":"2026-05-29","price":234.0},{"date":"2026-06-19","price":213.199997}],"price_pressure_gaps":[{"date":"2026-05-15","price":261.399994},{"date":"2026-06-05","price":244.800003}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[149.2,148.2,132.3,128.1,129.9,123.5,134.5,134.2,121.8,126.6,121.3,114.8,114.9,125.3,124.1,118.3,123.5,117.4,125.3,135.4,146.3,148.0,142.8,146.8,145.2,146.6,156.4,153.6,139.0,143.3,151.0,149.8,123.8,121.5,133.9,140.6,132.8,132.7,134.2,131.5,134.9,140.8,159.5,166.2,155.5,154.3,155.7,158.3,162.6,161.1,165.5,169.6,175.8,175.3,164.3,162.2,160.1,164.9,157.8,153.9,141.1,147.7,147.6,163.8,179.0,172.5,176.7,188.9,172.2,164.4,165.9,168.2,163.6,174.3,170.5,185.5,195.0,191.4,199.3,205.8,226.6,233.2,248.8,251.0,247.6,237.6,222.6,246.2,258.2,240.4,261.4,254.4,234.0,244.8,236.6,213.2,213.2,208.4,207.2,211.0,214.8,216.4,209.4,223.0],"consensus":[8.563,0.0,-63.4591,-49.7858,-23.5496,-60.906,27.9062,0.0,-63.6068,8.0644,-45.6429,-63.3483,-30.0582,24.717,0.0,-32.2615,20.0084,-41.95,27.162,54.2281,64.4211,47.2188,0.0,47.9086,25.2359,22.3266,62.8588,11.2914,-40.9463,18.6065,31.1522,0.0,-65.8363,-31.7095,0.0,16.6746,-23.2024,0.0,-10.2914,-23.9705,0.0,26.0012,66.3566,60.5746,0.0,18.3925,22.2804,21.313,40.9719,10.5058,40.7396,41.7815,54.3447,25.1829,-27.8544,-15.2927,-23.287,17.544,-32.4421,-38.4903,-67.6446,0.0,-20.0545,51.2529,63.1053,0.0,50.3287,65.0801,-29.9394,-29.5587,0.0,0.0,-24.8057,45.0771,0.0,58.0837,57.3918,18.8868,55.607,52.2125,62.7462,52.7433,66.9577,52.977,24.5108,0.0,-35.638,47.6735,42.9822,-13.1643,56.3714,0.0,-36.4341,10.9826,-15.1769,-56.9493,-21.2342,-31.9684,-40.9463,-16.1211,0.0,0.0,-20.1156,29.9793],"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":[57.1837,17.0213,-28.1431,-13.9179,-20.7849,31.3881,-32.1829,-39.1443,-67.6015,0.0,-11.0033,46.7978,58.7758,0.0,52.8081,64.0913,-30.4079,-27.4639,0.0,0.0,-17.1571,44.9203,0.0,55.0984,49.8989,13.1857,54.8332,52.8163,55.5992,43.1208,59.0491,53.3382,18.3615,0.0,-28.0994,52.5873,43.4995,-16.8261,61.9759,0.0,-33.951,10.747,-8.0405,-58.8541,-11.835,-23.7586,-41.5941,-15.1546,0.0,0.0,-19.7211,30.8638],"force":[51.627,0.9039,-76.9659,-25.733,-27.6192,30.2209,-44.0439,-42.0032,-81.1496,0.0,-3.1153,88.8807,83.6114,0.0,46.0351,74.8064,-77.4379,-49.1614,0.0,0.0,-40.8062,68.0777,0.0,77.5927,72.8561,10.5826,58.0465,45.5425,70.8193,50.0015,77.17,32.1978,15.618,0.0,-86.5982,68.9038,40.1841,-53.0266,54.9675,0.0,-62.741,8.2331,-18.852,-62.7723,-0.3974,-13.851,-21.4437,-4.2248,0.0,0.0,-18.0732,54.2059],"direction":[53.0413,51.8525,-7.5552,-9.4066,-23.052,7.3326,-24.4513,-35.2337,-58.0476,0.0,-42.4981,29.4674,53.4061,0.0,50.5621,59.2627,-4.5236,-17.9507,0.0,0.0,-22.118,28.8273,0.0,47.5605,54.9092,46.4519,54.7487,56.2866,65.1477,65.6987,68.7015,67.4066,60.2019,0.0,-7.8534,26.8933,44.3898,-19.4937,50.9692,0.0,-20.4814,13.2159,-20.7076,-50.613,-46.8595,-54.292,-54.1364,-31.7585,0.0,0.0,-22.0252,11.6637],"intensity":[40.3846,46.1538,75.0,90.3846,5.7692,19.2308,53.8462,9.6154,92.3077,50.0,23.0769,94.2308,96.1538,46.1538,25.0,88.4615,88.4615,88.4615,23.0769,7.6923,63.4615,67.3077,23.0769,82.6923,57.6923,94.2308,53.8462,53.8462,98.0769,55.7692,96.1538,53.8462,67.3077,69.2308,80.7692,96.1538,86.5385,88.4615,88.4615,63.4615,86.5385,57.6923,63.4615,94.2308,65.3846,25.0,1.9231,46.1538,30.7692,9.6154,50.0,67.3077],"confirmation":[85.2642,52.7763,57.3508,73.2328,75.622,52.6871,78.739,80.414,90.0585,8.9579,51.3724,85.6156,88.8846,9.9272,83.9366,89.1371,57.3194,78.0881,24.8939,2.9252,76.542,83.128,3.3733,87.2268,86.9508,30.1568,85.8804,84.4955,88.4337,84.9409,89.8582,84.3139,32.7127,10.5039,58.4054,83.8277,81.6612,32.197,85.9107,6.5786,80.4985,71.4342,73.0774,86.3722,51.6365,77.8028,80.4986,50.788,26.5791,26.0689,74.3807,44.64],"persistence":[100.0,100.0,75.0,50.0,25.0,25.0,0.0,25.0,50.0,62.5,62.5,37.5,12.5,25.0,0.0,25.0,25.0,12.5,25.0,12.5,12.5,0.0,12.5,12.5,12.5,37.5,50.0,62.5,87.5,87.5,100.0,100.0,100.0,87.5,62.5,62.5,62.5,37.5,37.5,25.0,0.0,12.5,12.5,12.5,37.5,37.5,62.5,75.0,62.5,75.0,75.0,50.0],"assessmentRisk":[21.3719,36.28,5.7846,36.0689,38.1273,57.8936,27.3426,27.3415,16.0154,46.3451,36.5303,17.5745,18.4332,48.2492,24.7135,17.1699,14.8308,18.39,36.9106,47.6276,22.6613,16.656,23.0606,17.8556,21.1681,38.4858,22.0565,22.8958,18.4669,23.6253,16.5209,23.5108,37.2194,24.8586,31.6229,44.1581,15.8702,17.5813,21.5416,25.7183,27.968,9.465,39.3257,21.1254,33.6176,33.2668,27.6972,0.4643,10.2561,27.2439,19.6469,26.1861],"volumeParticipation":true,"latest":{"consensus":30.0,"control":30.9,"force":54.2,"direction":11.7,"confirmation":44.6,"persistence":50.0,"assessmentRisk":26.2,"intensity":67.3,"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 upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+30.0","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+30.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+54.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+11.7","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"52.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"8.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"19.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"42%","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 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