{"schema_version":"1.0","name":"TRANSRAILL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"9699b823-6756-441d-b6ac-0f6ea933d1e4","symbol":"TRANSRAILL","name":"TRANSRAIL LIGHTING LTD","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Industrials","industry":"Engineering & Construction"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure, 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":86,"displayedObservations":86,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.888962,1.175321,1.163445,1.034259,1.028507,1.055861,1.025556,0.930976,0.713943,0.49485,0.399707,0.216072,-0.019483,-0.257103,-0.57841,-0.712953,-0.748983,-0.868759,-0.962914,-1.138048,-1.388529,-1.574539,-1.703773,-1.765776,-1.788441,-1.772206,-1.792115,-1.767724,-1.767196,-1.716013,-1.494957,-1.208728,-0.77743,-0.414808,-0.253038,-0.162662,-0.192616,-0.143868,-0.146352,0.096067,0.334633,0.545223,0.878508,0.894923,0.747745,0.535462,0.243953,-0.06755,-0.240375,-0.31812,-0.339003,-0.253507,-0.209475,-0.282632,-0.428412,-0.49096,-0.617579,-0.724041],"opens":[739.23921,745.033246,784.093112,689.290625,707.32204,759.018895,804.172386,779.397941,744.234075,767.150024,783.400024,798.799988,740.0,730.950012,754.0,733.799988,735.0,728.0,679.0,653.900024,641.349976,639.599976,558.0,583.0,582.5,598.799988,570.0,501.049988,485.350006,459.450012,492.950012,549.0,557.400024,571.200012,531.0,500.0,490.0,492.0,470.0,489.899994,536.0,578.0,580.0,608.0,566.799988,512.0,509.450012,501.75,472.399994,495.200012,511.950012,520.874447,506.908253,502.981817,494.433086,483.15078,502.950012,474.0],"highs":[786.190932,795.081762,806.070495,741.037352,824.151845,854.92019,813.113197,783.194022,795.93089,814.299988,823.0,800.900024,750.349976,766.799988,759.450012,758.0,743.200012,739.0,679.0,670.5,663.25,644.900024,591.75,612.0,612.0,599.900024,574.799988,512.900024,490.0,499.850006,568.5,578.5,597.900024,579.849976,551.0,534.0,520.650024,515.5,491.0,569.099976,590.400024,610.5,624.400024,608.0,566.799988,517.799988,528.5,507.899994,481.0,514.0,511.950012,520.874447,507.753159,506.659754,497.912209,500.993737,507.649994,483.399994],"lows":[704.974506,738.340122,686.443608,662.668035,687.842145,750.777376,766.511143,737.291254,743.035297,755.049988,772.099976,727.200012,717.549988,730.0,722.549988,719.549988,724.5,683.049988,596.799988,626.5,626.599976,565.0,531.349976,570.0,579.25,544.150024,499.25,480.600006,455.0,450.049988,473.0,539.799988,546.0,547.549988,505.049988,489.049988,482.049988,471.149994,451.049988,474.75,532.0,563.049988,580.0,563.0,511.100006,487.700012,475.0,490.25,469.049988,492.299988,511.950012,511.92813,502.534474,491.252208,470.775074,477.286001,470.0,463.899994],"closes":[745.033264,778.848511,692.637146,705.124329,755.872131,789.587463,778.948364,741.437012,762.75,783.950012,799.299988,734.650024,730.299988,759.900024,730.0,734.849976,727.799988,692.900024,652.0,647.049988,637.150024,569.299988,584.400024,576.400024,598.150024,572.200012,502.5,490.950012,459.350006,497.75,539.799988,555.049988,568.400024,565.0,515.299988,493.5,500.399994,477.850006,488.25,554.549988,581.5,576.0,598.950012,566.799988,513.349976,507.25,479.5,493.25,478.100006,507.700012,511.950012,515.655762,505.019562,498.309814,479.820801,499.950012,473.399994,468.950012],"pressureRange":[-2.043011,2.043011],"priceRange":[459.350006,799.299988],"zones":{"accumulationBoundary":0.132895,"distributionBoundary":0.867105},"latest":-0.724041,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","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 and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Accumulation pressure","detail":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"10 Apr 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","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":58,"relationship":{"sameWeekCorrelation":0.3,"forwardCorrelation":0.09,"directionalAgreement":50.9,"sample":53,"correlationSample":57,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":4,"completedEpisodes":3,"activeEpisodes":1,"averageWeeksInZone":3.7,"medianWeeksInZone":4,"averageWeeksToHigher":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":3,"expectedPercent":75.0,"medianReturn":7.1,"averageReturn":5.2,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-1.4,"averageReturn":-1.4,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":0.5,"averageReturn":0.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.4,"sample":4},{"week":2,"averageReturn":-2.9,"sample":4},{"week":3,"averageReturn":-0.3,"sample":4},{"week":4,"averageReturn":5.2,"sample":4},{"week":5,"averageReturn":11.9,"sample":3},{"week":6,"averageReturn":11.7,"sample":3},{"week":7,"averageReturn":12.6,"sample":3},{"week":8,"averageReturn":5.8,"sample":3},{"week":9,"averageReturn":2.2,"sample":3},{"week":10,"averageReturn":0.4,"sample":3},{"week":11,"averageReturn":-3.3,"sample":3},{"week":12,"averageReturn":-1.4,"sample":2},{"week":13,"averageReturn":3.6,"sample":2},{"week":14,"averageReturn":9.3,"sample":2},{"week":15,"averageReturn":9.2,"sample":2},{"week":16,"averageReturn":11.8,"sample":2},{"week":17,"averageReturn":7.6,"sample":2},{"week":18,"averageReturn":1.6,"sample":2},{"week":19,"averageReturn":-0.9,"sample":2},{"week":20,"averageReturn":-1.6,"sample":2},{"week":21,"averageReturn":-3.0,"sample":2},{"week":22,"averageReturn":-4.9,"sample":2},{"week":23,"averageReturn":1.0,"sample":1},{"week":24,"averageReturn":1.9,"sample":1},{"week":25,"averageReturn":2.6,"sample":1},{"week":26,"averageReturn":0.5,"sample":1}]},"distribution":{"label":"Distribution","episodes":4,"completedEpisodes":4,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2.0,"averageWeeksToLower":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":2,"expectedPercent":50.0,"medianReturn":-1.7,"averageReturn":-2.7,"confidenceLow":15.0,"confidenceHigh":85.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"medianReturn":-10.1,"averageReturn":-11.8,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":4,"expectedCount":4,"expectedPercent":100.0,"medianReturn":-30.5,"averageReturn":-31.3,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.9,"sample":4},{"week":2,"averageReturn":-1.2,"sample":4},{"week":3,"averageReturn":-3.2,"sample":4},{"week":4,"averageReturn":-2.7,"sample":4},{"week":5,"averageReturn":-2.7,"sample":4},{"week":6,"averageReturn":-4.6,"sample":4},{"week":7,"averageReturn":-6.2,"sample":4},{"week":8,"averageReturn":-8.1,"sample":4},{"week":9,"averageReturn":-7.3,"sample":4},{"week":10,"averageReturn":-11.9,"sample":4},{"week":11,"averageReturn":-11.4,"sample":4},{"week":12,"averageReturn":-11.8,"sample":4},{"week":13,"averageReturn":-18.5,"sample":4},{"week":14,"averageReturn":-19.5,"sample":4},{"week":15,"averageReturn":-21.2,"sample":4},{"week":16,"averageReturn":-20.7,"sample":4},{"week":17,"averageReturn":-23.7,"sample":4},{"week":18,"averageReturn":-25.2,"sample":4},{"week":19,"averageReturn":-25.7,"sample":4},{"week":20,"averageReturn":-28.3,"sample":4},{"week":21,"averageReturn":-29.0,"sample":4},{"week":22,"averageReturn":-31.0,"sample":4},{"week":23,"averageReturn":-29.9,"sample":4},{"week":24,"averageReturn":-32.1,"sample":4},{"week":25,"averageReturn":-32.8,"sample":4},{"week":26,"averageReturn":-31.3,"sample":4}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":5.7,"averageExpectedMove":6.2,"averageWeeksToLargestMove":4.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-1.9,"medianReturn":0.9,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-12.5,"medianReturn":-7.0,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-33.0,"medianReturn":-33.0,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":3},{"week":2,"averageReturn":-0.6,"sample":3},{"week":3,"averageReturn":0.4,"sample":3},{"week":4,"averageReturn":-1.9,"sample":3},{"week":5,"averageReturn":-3.9,"sample":3},{"week":6,"averageReturn":-3.9,"sample":3},{"week":7,"averageReturn":-9.9,"sample":3},{"week":8,"averageReturn":-11.0,"sample":3},{"week":9,"averageReturn":-10.8,"sample":3},{"week":10,"averageReturn":-10.7,"sample":3},{"week":11,"averageReturn":-13.1,"sample":3},{"week":12,"averageReturn":-12.5,"sample":3},{"week":13,"averageReturn":-15.0,"sample":3},{"week":14,"averageReturn":-16.3,"sample":3},{"week":15,"averageReturn":-18.8,"sample":3},{"week":16,"averageReturn":-20.9,"sample":3},{"week":17,"averageReturn":-26.0,"sample":3},{"week":18,"averageReturn":-26.9,"sample":3},{"week":19,"averageReturn":-30.7,"sample":2},{"week":20,"averageReturn":-26.7,"sample":2},{"week":21,"averageReturn":-27.4,"sample":2},{"week":22,"averageReturn":-31.2,"sample":2},{"week":23,"averageReturn":-32.2,"sample":2},{"week":24,"averageReturn":-37.4,"sample":2},{"week":25,"averageReturn":-36.2,"sample":2},{"week":26,"averageReturn":-33.0,"sample":2}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":6,"completedEpisodes":4,"activeEpisodes":2,"medianExpectedMove":15.3,"averageExpectedMove":18.7,"averageWeeksToLargestMove":6.5,"horizons":[{"weeks":4,"sample":6,"expectedCount":4,"expectedPercent":66.7,"averageReturn":-2.0,"medianReturn":-2.8,"confidenceLow":30.0,"confidenceHigh":90.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":-16.2,"medianReturn":-12.5,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-16.8,"medianReturn":-17.7,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.3,"sample":6},{"week":2,"averageReturn":-3.1,"sample":6},{"week":3,"averageReturn":-3.3,"sample":6},{"week":4,"averageReturn":-2.0,"sample":6},{"week":5,"averageReturn":-1.3,"sample":5},{"week":6,"averageReturn":-0.7,"sample":5},{"week":7,"averageReturn":-2.1,"sample":5},{"week":8,"averageReturn":-2.1,"sample":5},{"week":9,"averageReturn":-7.8,"sample":5},{"week":10,"averageReturn":-11.3,"sample":5},{"week":11,"averageReturn":-15.0,"sample":4},{"week":12,"averageReturn":-16.2,"sample":4},{"week":13,"averageReturn":-11.8,"sample":4},{"week":14,"averageReturn":-12.1,"sample":4},{"week":15,"averageReturn":-10.8,"sample":4},{"week":16,"averageReturn":-10.1,"sample":4},{"week":17,"averageReturn":-10.3,"sample":4},{"week":18,"averageReturn":-13.8,"sample":4},{"week":19,"averageReturn":-14.6,"sample":4},{"week":20,"averageReturn":-16.2,"sample":4},{"week":21,"averageReturn":-15.4,"sample":4},{"week":22,"averageReturn":-18.8,"sample":4},{"week":23,"averageReturn":-16.0,"sample":4},{"week":24,"averageReturn":-16.6,"sample":3},{"week":25,"averageReturn":-17.6,"sample":3},{"week":26,"averageReturn":-16.8,"sample":3}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":4,"completedEpisodes":3,"activeEpisodes":1,"medianExpectedMove":19.7,"averageExpectedMove":21.5,"averageWeeksToLargestMove":7.3,"horizons":[{"weeks":4,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":-7.8,"medianReturn":-8.2,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-12.9,"medianReturn":-16.5,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-14.6,"medianReturn":-12.3,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.4,"sample":4},{"week":2,"averageReturn":-3.3,"sample":4},{"week":3,"averageReturn":-6.7,"sample":4},{"week":4,"averageReturn":-7.8,"sample":4},{"week":5,"averageReturn":-8.3,"sample":4},{"week":6,"averageReturn":-8.6,"sample":4},{"week":7,"averageReturn":-9.8,"sample":4},{"week":8,"averageReturn":-10.0,"sample":4},{"week":9,"averageReturn":-8.6,"sample":3},{"week":10,"averageReturn":-9.4,"sample":3},{"week":11,"averageReturn":-12.5,"sample":3},{"week":12,"averageReturn":-12.9,"sample":3},{"week":13,"averageReturn":-15.7,"sample":3},{"week":14,"averageReturn":-13.4,"sample":3},{"week":15,"averageReturn":-10.3,"sample":3},{"week":16,"averageReturn":-11.7,"sample":3},{"week":17,"averageReturn":-8.9,"sample":3},{"week":18,"averageReturn":-11.8,"sample":3},{"week":19,"averageReturn":-15.4,"sample":3},{"week":20,"averageReturn":-16.5,"sample":3},{"week":21,"averageReturn":-17.5,"sample":3},{"week":22,"averageReturn":-18.4,"sample":3},{"week":23,"averageReturn":-19.2,"sample":3},{"week":24,"averageReturn":-15.6,"sample":3},{"week":25,"averageReturn":-12.9,"sample":3},{"week":26,"averageReturn":-14.6,"sample":3}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":2.0,"averageExpectedMove":1.9,"averageWeeksToLargestMove":3.3,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-3.3,"medianReturn":-3.1,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-18.9,"medianReturn":-21.5,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-36.0,"medianReturn":-36.0,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":3},{"week":2,"averageReturn":-3.1,"sample":3},{"week":3,"averageReturn":-3.8,"sample":3},{"week":4,"averageReturn":-3.3,"sample":3},{"week":5,"averageReturn":-3.0,"sample":3},{"week":6,"averageReturn":-4.1,"sample":3},{"week":7,"averageReturn":-6.0,"sample":3},{"week":8,"averageReturn":-8.4,"sample":3},{"week":9,"averageReturn":-11.0,"sample":3},{"week":10,"averageReturn":-15.5,"sample":3},{"week":11,"averageReturn":-13.9,"sample":3},{"week":12,"averageReturn":-18.9,"sample":3},{"week":13,"averageReturn":-17.6,"sample":3},{"week":14,"averageReturn":-24.3,"sample":2},{"week":15,"averageReturn":-27.7,"sample":2},{"week":16,"averageReturn":-30.1,"sample":2},{"week":17,"averageReturn":-36.7,"sample":2},{"week":18,"averageReturn":-34.8,"sample":2},{"week":19,"averageReturn":-34.0,"sample":2},{"week":20,"averageReturn":-30.5,"sample":2},{"week":21,"averageReturn":-26.9,"sample":2},{"week":22,"averageReturn":-26.1,"sample":2},{"week":23,"averageReturn":-28.7,"sample":2},{"week":24,"averageReturn":-30.4,"sample":2},{"week":25,"averageReturn":-33.1,"sample":2},{"week":26,"averageReturn":-36.0,"sample":2}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":26.2,"averageExpectedMove":26.2,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-5.9,"medianReturn":-5.9,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-26.0,"medianReturn":-26.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-32.0,"medianReturn":-32.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.0,"sample":2},{"week":2,"averageReturn":-4.8,"sample":2},{"week":3,"averageReturn":-5.5,"sample":2},{"week":4,"averageReturn":-5.9,"sample":2},{"week":5,"averageReturn":-10.5,"sample":2},{"week":6,"averageReturn":-10.6,"sample":2},{"week":7,"averageReturn":-11.7,"sample":2},{"week":8,"averageReturn":-18.3,"sample":2},{"week":9,"averageReturn":-20.0,"sample":2},{"week":10,"averageReturn":-20.8,"sample":2},{"week":11,"averageReturn":-20.0,"sample":2},{"week":12,"averageReturn":-26.0,"sample":2},{"week":13,"averageReturn":-29.7,"sample":2},{"week":14,"averageReturn":-30.9,"sample":2},{"week":15,"averageReturn":-31.6,"sample":2},{"week":16,"averageReturn":-30.8,"sample":2},{"week":17,"averageReturn":-32.4,"sample":2},{"week":18,"averageReturn":-32.2,"sample":2},{"week":19,"averageReturn":-33.3,"sample":2},{"week":20,"averageReturn":-31.1,"sample":2},{"week":21,"averageReturn":-31.7,"sample":2},{"week":22,"averageReturn":-32.1,"sample":2},{"week":23,"averageReturn":-30.8,"sample":2},{"week":24,"averageReturn":-32.5,"sample":2},{"week":25,"averageReturn":-35.0,"sample":2},{"week":26,"averageReturn":-32.0,"sample":2}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":100.0,"averageReturn":-16.2,"sample":4},"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 structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 100.0% of comparable cases moved lower after 12 weeks, with an average move of -16.2% across 4 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 0.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 3.7 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 21.5% across 3 completed cases, with the largest move arriving after 7.3 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":"2026-04-10","price":554.549988}],"distribution_rollovers":[{"date":"2025-07-25","price":692.637146},{"date":"2025-08-29","price":741.437012},{"date":"2025-09-26","price":734.650024},{"date":"2025-10-17","price":730.0}],"price_pressure_gaps":[{"date":"2025-09-12","price":783.950012},{"date":"2025-10-10","price":759.900024}]}},"smTape":{"available":true,"dates":["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":[552.9809,636.9445,646.7844,592.8898,527.5071,546.7873,579.6035,542.192,522.4623,516.5684,532.2523,496.8387,508.6266,462.0745,466.2202,452.784,473.8124,503.8315,458.0286,461.6249,537.7965,571.0123,607.9244,668.9616,622.1597,619.5125,656.1248,741.8865,745.0333,778.8485,692.6371,705.1243,755.8721,789.5875,778.9484,741.437,762.75,783.95,799.3,734.65,730.3,759.9,730.0,734.85,727.8,692.9,652.0,647.05,637.15,569.3,584.4,576.4,598.15,572.2,502.5,490.95,459.35,497.75,539.8,555.05,568.4,565.0,515.3,493.5,500.4,477.85,488.25,554.55,581.5,576.0,598.95,566.8,513.35,507.25,479.5,493.25,478.1,507.7,511.95,515.6558,505.0196,498.3098,479.8208,499.95,473.4,468.95],"consensus":[-70.0827,47.5823,-61.9263,-35.7312,-44.214,0.0,0.0,-35.3646,-23.2554,-12.9997,0.0,-41.1333,-8.5723,-54.58,-31.1015,-17.2174,-18.6563,17.9738,-38.1551,-12.3322,49.2433,48.0594,49.2795,68.5607,0.0,20.3303,52.5022,74.7337,40.015,61.2822,-17.1802,17.4997,45.0363,39.8856,17.8367,0.0,21.7331,25.1404,29.2384,-26.0654,-10.6675,19.8909,-26.9048,0.0,-14.5776,-41.1822,-48.1431,-34.009,-39.513,-69.0382,-16.5437,-44.5372,-15.532,-35.903,-73.7538,-49.3351,-65.0953,0.0,19.4537,8.7302,16.9777,0.0,-41.6977,-43.4782,-20.5678,-48.0427,0.0,48.693,47.0298,16.7918,40.3727,-13.9524,-50.2811,-22.4553,-52.7325,-27.111,-22.4647,9.8415,0.0,0.0,0.0,-16.0468,-36.6746,13.1974,-47.8147,-31.8651],"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":[9.0858,0.0,22.9639,29.321,31.0961,-33.2071,-8.6408,33.1607,-25.8906,0.0,-19.5955,-41.6392,-35.9893,-28.6601,-37.1264,-74.0043,-3.4375,-45.2153,-7.5537,-39.2332,-76.4262,-47.0113,-66.7287,0.0,17.3868,0.9298,8.7502,0.0,-45.6963,-45.4358,-15.1471,-46.7371,0.0,42.5811,45.3546,6.9484,32.4912,-22.9299,-51.2675,-16.8188,-51.0412,-27.0903,-17.8061,15.1491,0.0,0.0,0.0,-18.2952,-39.2333,23.282,-50.0771,-33.8226],"force":[11.7193,0.0,15.3136,18.9543,20.1971,-48.2528,-11.3334,23.3628,-34.3412,0.0,-13.3525,-40.1934,-61.3635,-15.3183,-21.7436,-65.9185,-21.3917,-23.7576,-13.7062,-29.2882,-82.6078,-30.9349,-57.1785,0.0,62.4587,23.0483,25.5287,0.0,-49.4891,-38.5145,-0.5545,-50.211,0.0,81.9111,52.6663,3.6776,38.6672,-45.889,-73.2294,-13.7501,-64.291,-11.2299,-8.1711,25.7826,0.0,0.0,0.0,-12.1874,-33.5994,34.8815,-59.403,-20.7759],"direction":[48.9491,0.0,24.9118,24.7814,33.5734,-2.0552,-12.5082,2.2455,-22.7523,0.0,-9.7181,-41.3662,-52.5901,-53.4726,-54.933,-65.5911,-58.619,-58.6048,-45.5345,-36.8218,-64.3755,-65.1339,-68.8834,0.0,8.9019,7.4177,20.2726,0.0,-31.5625,-44.7865,-41.0582,-47.9859,0.0,31.9508,44.9182,42.6624,50.5982,-19.1196,-32.7622,-35.115,-46.4094,-38.4783,-37.9984,7.6109,0.0,0.0,0.0,-16.2341,-35.9469,13.8166,-36.9517,-37.5488],"intensity":[35.2941,28.5714,5.5556,5.4054,5.2632,71.7949,55.0,17.0732,19.0476,2.3256,4.5455,44.4444,97.8261,21.2766,4.1667,81.6327,60.0,41.1765,15.3846,32.6923,88.4615,69.2308,30.7692,44.2308,84.6154,80.7692,11.5385,11.5385,59.6154,21.1538,5.7692,25.0,26.9231,92.3077,67.3077,36.5385,26.9231,40.3846,65.3846,59.6154,28.8462,15.3846,30.7692,46.1538,15.3846,3.8462,7.6923,7.6923,23.0769,23.0769,42.3077,40.3846],"confirmation":[30.1071,31.1841,74.7402,75.7927,77.0524,54.2416,71.4648,51.602,76.8516,0.7165,72.551,81.1412,83.9939,78.3948,80.139,89.9215,8.9011,81.6083,7.1247,79.2366,91.8303,83.2619,88.5643,34.4306,32.1331,26.0155,73.8188,25.1665,81.5198,81.7319,51.3877,83.4596,5.9522,84.6872,83.2468,28.3508,80.9874,32.0468,84.7743,75.0063,85.2524,76.1918,74.8241,50.5112,47.4719,24.5603,25.1162,72.9831,79.6031,30.3446,83.6194,85.829],"persistence":[75.0,62.5,62.5,62.5,87.5,62.5,37.5,37.5,12.5,12.5,12.5,37.5,62.5,62.5,62.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,12.5,0.0,0.0,0.0,0.0,12.5,25.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,0.0,25.0,50.0,50.0,62.5,50.0,37.5,37.5,37.5,12.5,12.5,37.5],"assessmentRisk":[39.1343,35.8186,3.0333,19.4468,8.5856,5.527,29.0136,37.1765,33.7725,1.4494,3.2461,28.4708,25.5551,32.8084,30.1274,15.4566,40.7672,27.1021,37.4736,23.4474,12.8685,25.1395,17.4493,46.2419,30.0884,43.4163,41.3378,44.4466,11.347,26.2112,38.3012,25.6002,32.3203,23.7135,25.9234,41.4728,29.7693,27.1259,23.4829,37.5083,23.5747,35.7127,30.2687,4.1888,37.3425,30.2507,43.4634,12.2316,26.496,37.4626,21.1708,31.2002],"volumeParticipation":true,"latest":{"consensus":-31.9,"control":-33.8,"force":-20.8,"direction":-37.5,"confirmation":85.8,"persistence":37.5,"assessmentRisk":31.2,"intensity":40.4,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-31.9","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-33.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-20.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-37.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"86/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"40.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"7.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"19.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"10%","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":[552.9809,636.9445,646.7844,592.8898,527.5071,546.7873,579.6035,542.192,522.4623,516.5684,532.2523,496.8387,508.6266,462.0745,466.2202,452.784,473.8124,503.8315,458.0286,461.6249,537.7965,571.0123,607.9244,668.9616,622.1597,619.5125,656.1248,741.8865,745.0333,778.8485,692.6371,705.1243,755.8721,789.5875,778.9484,741.437,762.75,783.95,799.3,734.65,730.3,759.9,730.0,734.85,727.8,692.9,652.0,647.05,637.15,569.3,584.4,576.4,598.15,572.2,502.5,490.95,459.35,497.75,539.8,555.05,568.4,565.0,515.3,493.5,500.4,477.85,488.25,554.55,581.5,576.0,598.95,566.8,513.35,507.25,479.5,493.25,478.1,507.7,511.95,515.6558,505.0196,498.3098,479.8208,499.95,473.4,468.95],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,574.0647,569.1051,571.0139,565.7736,557.8988,550.3842,547.0875,537.9513,532.6196,519.7932,510.0526,499.6402,494.9442,496.5601,489.5544,484.4763,494.1709,508.142,526.2843,552.2256,564.9409,574.863,589.6379,617.3194,640.5401,665.6871,670.5871,676.8666,691.2313,709.1142,721.8113,725.3796,732.1742,741.588,752.0811,748.9118,745.5278,748.141,744.8426,743.0258,740.2574,731.647,717.1657,704.4174,692.187,669.8439,654.3086,640.1434,632.5083,621.5431,599.8989,580.09,558.1373,547.1578,545.82,547.4982,551.2985,553.7897,546.7916,537.1022,530.4291,520.8692,514.9385,522.1406,532.9332,540.7635,551.3429,554.1533,546.7345,539.5555,528.6363,522.2024,514.1838,513.0049,512.8131,513.33,511.819,509.3628,503.9915,503.2567,497.8282,492.5776],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,547.502,541.174,535.6219,529.4858,525.3618,523.767,518.8975,514.655,516.3692,520.4169,526.8989,537.4221,543.6989,549.3147,557.2266,570.9051,583.8035,598.2513,605.2428,612.6415,623.2511,635.5723,646.1928,653.2479,661.3592,670.44,679.9852,684.0344,687.4615,692.8273,695.5808,698.4897,700.6608,700.0859,696.524,692.8593,688.7327,679.8858,672.8128,665.6711,660.6695,654.1162,642.8854,631.6309,618.8694,609.8976,604.7052,601.027,598.6102,596.1205,590.1338,582.9758,576.859,569.525,563.5047,562.8414,564.2235,565.0958,567.6035,567.544,563.5296,559.3608,553.4452,548.9863,543.7354,541.0661,538.9094,537.1869,534.8041,532.1008,528.2283,526.1336,522.2274,518.2809],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,654.5431,649.6078,648.2099,644.7503,646.8898,646.3037,646.2756,643.3167,639.4098,637.6218,635.2932,633.9393,620.3516,609.6356,630.3188,643.5526,653.8098,667.8317,705.6668,738.5127,774.7688,788.936,803.1341,824.3112,846.0266,861.4803,865.3525,870.5493,878.3266,876.5434,858.0629,847.4122,840.6699,833.9993,833.4799,825.0166,813.0216,813.8308,820.1204,825.3244,835.9537,844.7701,851.969,850.2506,843.7643,844.7668,847.7541,847.1226,833.1448,809.0785,794.7514,779.2952,754.974,735.1275,711.0972,683.1691,661.4151,645.8959,629.7456,617.6559,618.6004,621.2671,619.9709,611.0536,606.0905,607.0262,606.9443,605.1118,604.964,603.6767,600.708,595.2317,589.7257,589.8802,589.8539,590.6239,591.1596],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,478.4009,477.1145,467.4253,463.317,448.0406,437.7939,426.664,422.2514,422.9413,417.0297,412.7882,412.6237,419.6182,426.4481,413.3722,409.6035,406.6189,400.2491,382.3834,371.7947,361.7665,363.6379,370.2683,373.8158,384.8517,400.6708,425.6639,449.3609,469.5955,505.5058,551.2887,581.1898,606.8209,625.6991,632.8073,651.8346,671.1683,669.9466,654.1734,638.1811,606.597,586.9569,566.8855,552.8317,537.5793,508.932,480.896,451.1874,436.5452,434.6615,431.0286,430.2948,435.1261,433.5025,433.3978,438.5859,438.8349,437.9791,444.8794,451.4041,451.1296,449.9179,450.2541,450.6914,449.1595,445.9238,446.2357,449.9432,451.086,449.5883,448.6176,447.7558,446.5928,442.8904,443.5617,440.0917,438.666],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"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,-13.0895,-10.0558,-14.5845,-22.6345,-24.0732,-26.8772,-21.3985,-15.7632,-12.5013,-10.7,-9.7868,-15.1062,-14.0769,-12.7286,-15.6689,-13.506,-7.455,-4.4605,-3.7927,-0.8425,-7.1573,-14.0323,-15.2227,-19.0175,-15.6858,-18.8544,-14.9996,-14.1548,-13.771,-14.7435,-15.6059,-16.2883,-14.4209,-18.8163,-18.0534],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[0.0,0.0,0.0,-8.3327,-18.4416,-15.4607,-10.3869,-16.1711,-19.2216,-20.1328,-17.7079,-23.1833,-21.3607,-28.5582,-27.9172,-29.9946,-26.7434,-22.1021,-29.1837,-28.6277,-16.8507,-11.7152,-6.0082,0.0,-6.9962,-7.3919,-1.9189,0.0,0.0,0.0,-11.0691,-9.4658,-2.95,0.0,-1.3474,-6.0982,-3.3989,-0.714,0.0,-8.0883,-8.6326,-4.9293,-8.6701,-8.0633,-8.9453,-13.3116,-18.4286,-19.0479,-20.2865,-28.7752,-26.886,-27.8869,-25.1658,-28.4124,-37.1325,-38.5775,-42.531,-37.7268,-32.4659,-30.558,-28.8878,-29.3131,-35.5311,-38.2585,-37.3952,-40.2164,-38.9153,-30.6205,-27.2488,-27.9369,-25.0657,-29.088,-35.7751,-36.5382,-40.01,-38.2898,-40.1852,-36.4819,-35.9502,-35.4866,-36.8173,-37.6567,-39.9699,-37.4515,-40.7732,-41.3299],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,2.7838,0.0,0.0,3.0362,0.0,2.3726,0.0,0.8972,0.0,4.6442,11.2741,1.1583,1.9526,18.7755,26.1114,34.2637,47.7441,37.4076,36.8229,44.909,63.85,64.545,72.0132,52.973,55.7308,66.9388,74.385,72.0353,63.7507,68.4578,73.1399,76.5301,62.2518,61.291,65.9067,59.3787,60.4376,57.6605,28.8406,14.1832,6.4359,2.847,0.0,2.6524,1.2472,5.0676,0.5094,0.0,0.0,0.0,8.3596,17.5139,20.8338,23.7401,22.9999,12.1803,7.4344,8.9365,4.0274,6.2915,20.7249,26.5919,25.3946,30.3908,23.3917,11.7557,10.4278,4.3866,7.38,4.0819,10.5257,11.451,12.2577,9.9422,8.4815,0.4124,4.6249,0.0,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,14.7765,14.2395,14.7518,13.7475,12.723,13.7598,13.1937,11.6087,10.7341,10.2226,9.622,10.3518,10.1642,9.5102,8.8094,8.9243,8.4474,10.054,9.9644,9.9196,9.7598,9.6138,9.821,9.375,9.0098,8.6604,9.4661,9.1631,8.5231,8.6039,8.3103,7.975,8.3551,9.2978,9.1855,9.0728,10.4313,10.1741,10.099,9.4618,9.8803,11.5211,11.4198,11.8926,10.9058,10.6016,10.0719,9.785,9.5491,10.5533,10.883,10.5172,10.8898,10.481,9.7841,9.3815,9.383,8.9561,9.3552,10.3665,10.1657,10.7828,10.1448,10.0802,9.3195,8.6413,8.0903,7.8563,7.6142,7.7526,7.2478,7.6756,7.492],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,31.0946,30.6186,32.4093,32.7477,36.3218,38.467,40.9364,41.4925,40.7527,41.8322,42.4595,42.2938,38.6037,35.3615,41.573,44.4282,46.6209,50.1053,59.4244,66.057,72.6774,73.7997,73.7796,75.1999,74.9343,73.0197,68.1151,63.8208,60.6461,53.6938,43.5341,37.2704,32.311,28.5402,27.3715,23.4529,19.1153,19.3943,22.5121,25.5747,31.7988,36.0143,40.185,42.3951,44.3315,49.6174,55.2227,60.9924,62.4719,60.2082,59.3455,57.7056,53.7514,51.6203,48.5279,43.6072,40.4599,38.3655,34.4057,31.1024,31.3109,31.9925,31.7161,30.2073,29.7429,30.6002,30.5188,29.4143,29.1422,29.2592,28.9882,28.2795,27.6233,28.4651,28.3124,29.2093,29.6154],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"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,27.8813,19.7953,17.3797,23.8076,9.2938,14.1249,0.601,3.4641,18.0977,24.5876,33.8523,19.7164,20.8263,44.3348,54.5861,65.9781,84.8158,70.3715,69.5545,80.854,98.7658,89.5018,95.9512,72.4627,75.4941,84.1213,85.8211,83.5122,75.3713,79.9967,84.5977,87.929,73.8983,72.9543,76.5257,69.139,70.3372,68.5955,57.2686,37.0728,22.2987,15.6323,1.4832,16.3952,13.9228,20.6447,12.6248,0.9138,2.765,1.0877,11.7816,22.1676,28.1539,31.7335,30.8218,17.4956,11.6504,14.3509,8.7766,12.06,33.775,42.6855,42.9644,51.5314,50.9937,28.714,26.8293,15.1142,24.7777,16.0883,33.0657,35.5033,37.6288,31.5283,27.6798,17.0753,28.2088,12.893,10.3259],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-24.5027,-27.25,-28.0707,-25.8868,-30.8179,-29.1765,-35.6586,-35.0814,-36.9523,-34.0242,-29.8442,-36.222,-35.7212,-25.1148,-20.4896,-15.3498,-6.8507,-13.3676,-13.7363,-8.6382,-0.5823,-5.2351,-2.0417,-14.0724,-12.5232,-8.2848,-7.642,-8.8864,-13.2741,-10.7811,-8.3014,-6.5059,-14.068,-14.5768,-11.1145,-14.6119,-14.0446,-14.8692,-18.9515,-23.7356,-24.3146,-25.4726,-33.409,-31.6427,-32.5785,-30.0344,-33.0698,-41.2226,-42.5736,-46.2698,-41.7782,-36.8596,-32.5577,-30.9356,-31.3487,-37.3876,-40.0365,-37.5203,-37.6826,-36.3263,-26.9801,-23.285,-22.4973,-18.9513,-16.5243,-23.4377,-23.5205,-25.6474,-21.0042,-23.4305,-18.6899,-18.0093,-17.4158,-19.1192,-20.1938,-23.1549,-19.9311,-24.1832,-24.8959],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,14.3474,10.1865,8.9434,12.2511,4.7825,7.2685,0.3362,1.9775,14.8777,20.2129,27.8292,16.2083,17.1208,36.4466,44.8739,54.239,69.725,57.8507,57.1791,66.4681,88.2271,89.0255,97.6049,75.7318,78.9,91.7754,100.3295,97.6302,88.1131,93.5205,98.8992,102.7937,86.3911,85.2874,68.8154,62.1729,63.2504,61.6842,45.6405,22.4523,10.1558,6.7611,0.7611,9.984,8.4784,12.5718,7.688,0.651,2.1536,0.956,10.5988,19.9422,23.3307,26.2971,25.5416,14.4984,9.6545,11.1876,6.1771,8.4879,23.2196,29.2079,27.9858,33.0852,25.9416,14.0651,12.7097,6.5437,9.5989,6.2326,12.8097,13.754,14.5774,12.2141,10.7232,6.615,10.8414,4.9551,3.9685],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,98.9646,30.9867,44.8453,34.7961,19.1165,39.9253,64.9411,41.0839,23.2043,27.2905,46.8973,16.4556,17.6478,39.9496,50.8596,161.4435,176.4893,60.4631,47.2573,81.0811,380.0864,226.1899,124.919,145.1565,87.1471,429.4426,201.7676,95.3133,56.1575,46.425,73.0666,89.3879,36.7726,21.9208,24.8132,19.9647,12.498,12.9124,17.3011,139.4766,44.2507,29.0496,33.4388,70.1874,28.3473,32.1184,60.5399,77.2996,101.9749,80.6618,63.5911,108.7851,87.4244,94.8902,54.049,63.2622,65.5469,61.8158,115.156,72.7441,117.6493,97.1176,155.7241,120.9436,94.3598,100.8806,110.4438,159.2243,13.2815,21.7939,28.1597,0.0,15.0435,7.7699,51.4673,45.7717,66.6278,86.9246,63.9329],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,121.049,118.5193,115.0697,117.5825,116.2966,118.8542,114.8033,117.2625,115.9412,117.4277,119.9047,119.0741,119.9279,121.756,123.7781,128.9189,134.1959,132.4401,131.1055,133.3005,135.0,135.0,135.0,132.0814,133.8759,135.0,135.0,133.1965,132.1203,133.0152,134.4351,135.0,134.278,133.8516,134.3293,133.9635,134.1795,133.9598,133.6679,131.2095,130.5163,130.098,129.6363,130.569,130.2043,130.505,130.0335,129.4772,128.7599,128.2049,128.6118,129.2477,129.7492,130.2993,129.9905,129.6292,129.2495,129.612,128.9133,129.2786,129.8629,130.3485,129.5431,130.1488,129.6709,129.1487,128.5712,127.7147,127.7818,127.6766,127.8087,127.8087,127.8712,127.841,127.6434,127.472,127.717,127.3994,127.1811],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/9699b823-6756-441d-b6ac-0f6ea933d1e4/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/9699b823-6756-441d-b6ac-0f6ea933d1e4/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/9699b823-6756-441d-b6ac-0f6ea933d1e4/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/9699b823-6756-441d-b6ac-0f6ea933d1e4/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/9699b823-6756-441d-b6ac-0f6ea933d1e4/technical-pack/data.json"},"source_fingerprint":"d8bba7f27280e6b5699a7a869c79bf672ac8a827a343b8f680506c988f231c28","content_hash":"67408a888dadecb90866b012cd87c90240f596b19910fc570e7b91a0aea126c9","citation":"Sharemaestro, TRANSRAILL Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/9699b823-6756-441d-b6ac-0f6ea933d1e4/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."}