{"schema_version":"1.0","name":"DMRC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"985be5c3-34d8-46fa-8e07-7adca33cbdc1","symbol":"DMRC","name":"Digimarc Corporation","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Technology","industry":"Software - Application"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Strength versus the research benchmark, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary pressure, Directional strength and control."},{"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 downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.181083,0.041822,-0.134258,-0.265133,-0.344865,-0.389595,-0.344365,-0.366854,-0.355646,-0.190057,-0.011285,0.296849,0.444964,0.756953,0.982033,1.108747,1.408833,1.455232,1.476565,1.599787,1.656911,1.623573,1.51937,1.093821,0.636202,0.185329,-0.246162,-0.530753,-0.748426,-0.972257,-1.038131,-1.1124,-1.134774,-1.108712,-1.130476,-1.105047,-1.106114,-1.074119,-0.970472,-0.88275,-0.666765,-0.403356,-0.194744,-0.003298,0.0839,0.0967,0.232432,0.264487,0.244667,0.200856,0.015378,-0.02865,-0.080013,-0.185408,-0.232581,-0.193786,-0.030001,0.093614,0.2306,0.118264,0.022665,0.198341,0.416702,0.703969,0.837433,0.81399,0.754434,0.818862,0.913462,1.014983,1.000932,0.80486,0.630861,0.396496,0.239985,0.015876,-0.157361,-0.343445,-0.550812,-0.484201,-0.466219,-0.146318,0.037571,0.088605,0.352699,0.47332,0.806259,1.219363,1.33788,1.437094,1.549946,1.650308,1.764921,1.833818,1.633102,1.30486,0.954707,0.431197,0.065229,-0.293652,-0.599138,-0.757459,-0.822591,-0.809279],"opens":[26.3,29.09,28.59,25.97,29.53,28.28,27.01,28.63,29.91,29.75,32.61,31.82,32.85,27.32,33.17,33.79,35.02,34.43,36.96,37.62,47.43,41.91,41.61,38.25,36.11,34.75,35.15,29.81,16.43,15.02,14.23,14.72,13.15,11.05,11.87,11.37,13.03,13.58,13.44,12.96,12.74,13.11,13.61,12.67,12.5,13.32,13.51,12.61,12.73,12.2,11.48,11.26,8.81,8.75,8.45,8.43,9.48,10.4,9.97,9.82,8.69,8.68,10.14,9.77,8.69,7.68,6.95,7.85,8.99,8.74,8.18,6.76,6.295,6.55,6.14,6.35,6.09,5.4,4.83,4.81,4.25,5.28,6.5,5.52,4.55,5.74,5.65,7.24,7.24,7.8,9.35,9.75,13.78,14.69,13.47,11.63,9.2,7.8,7.97,6.6,5.98,5.96,6.58,8.0],"highs":[29.03,29.09,29.325,29.71,29.7299,28.68,29.6272,29.33,30.3538,32.72,33.3109,34.7717,33.53,33.89,34.71,36.66,37.99,39.2,39.16,48.09,48.32,44.76,42.24,39.9374,38.4099,35.51,35.25,29.81,17.2,15.35,14.88,15.175,13.375,12.73,12.1875,13.33,14.17,14.27,13.74,13.38,13.285,14.64,14.28,13.0499,13.4,14.01,13.7636,13.2817,13.08,12.97,12.75,11.93,9.57,8.93,8.78,9.6179,10.8499,10.77,10.17,10.2733,9.43,10.425,10.185,10.42,8.69,8.34,8.25,9.156,9.6399,8.74,8.61,7.0,7.24,6.99,6.66,6.433,6.28,5.91,5.24,4.84,5.56,6.97,6.7,5.52,5.698,6.55,7.2499,8.24,7.78,9.73,11.03,14.7599,15.2448,17.4699,14.35,12.04,9.365,9.2,8.19,7.415,6.58,6.9489,8.16,8.1],"lows":[25.21,26.92,25.2499,25.97,27.1,26.32,26.05,27.59,28.8,29.6,30.61,31.23,27.17,27.16,32.0,33.473,33.98,34.18,36.36,36.2584,41.7,39.26,39.52,36.5001,33.71,32.14,27.23,14.2501,14.535,13.95,13.95,13.1,11.35,10.44,11.23,10.88,12.61,11.76,12.94,12.0975,12.49,12.81,12.45,12.4001,12.0738,12.83,12.56,12.5701,12.1,11.34,11.19,7.8315,7.93,8.21,7.765,8.213,9.43,9.5248,9.53,8.15,8.06,8.68,7.93,7.81,7.57,6.35,6.665,7.57,8.59,7.64,6.51,6.22,6.295,6.11,5.5343,5.81,5.02,4.74,4.53,4.25,4.07,4.91,5.23,4.32,4.27,5.545,5.57,6.5252,6.75,7.52,7.88,8.95,12.51,12.73,10.91,9.27,7.06,7.59,6.41,5.89,5.6001,5.9091,6.58,6.2001],"closes":[28.81,28.69,25.81,29.6,28.13,27.09,28.64,29.17,30.0,32.12,31.95,32.55,27.17,32.67,33.89,34.89,34.61,36.92,38.0,46.81,42.29,41.28,40.11,36.67,34.66,35.11,27.46,16.35,15.44,14.47,14.31,13.26,11.57,11.54,11.59,12.98,13.76,12.62,13.34,12.45,13.08,13.41,12.52,12.64,13.19,13.7,12.68,12.73,12.17,11.35,11.22,8.81,8.81,8.66,8.34,9.4,10.46,9.83,9.69,8.24,8.6,10.1,9.73,8.3,7.77,6.92,8.01,8.89,8.69,8.1,6.83,6.32,6.61,6.37,6.35,6.13,5.41,4.86,4.85,4.405,5.34,6.53,5.33,4.47,5.69,5.65,7.16,7.29,7.72,9.36,9.8,13.68,14.7,13.63,11.31,9.58,7.68,7.83,6.66,5.99,5.95,6.56,7.95,7.53],"pressureRange":[-2.090553,2.090553],"priceRange":[4.405,46.81],"zones":{"accumulationBoundary":0.141243,"distributionBoundary":0.858757},"latest":-0.809279,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"slight strengthening","fourWeekDirection":"weakening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but 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 repair watch","detail":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","tone":"caution"},"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 while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","annotations":[{"label":"Current tape relationship","value":"Accumulation repair watch","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"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":"22 May 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":260,"relationship":{"sameWeekCorrelation":0.4,"forwardCorrelation":-0.12,"directionalAgreement":56.1,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"averageWeeksInZone":19.5,"medianWeeksInZone":19.5,"averageWeeksToHigher":4.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":2.7,"averageReturn":-9.3,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-11.7,"averageReturn":-11.7,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-49.7,"averageReturn":-49.7,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-7.1,"sample":3},{"week":2,"averageReturn":-12.0,"sample":3},{"week":3,"averageReturn":-16.1,"sample":3},{"week":4,"averageReturn":-9.3,"sample":3},{"week":5,"averageReturn":-6.7,"sample":3},{"week":6,"averageReturn":-11.8,"sample":3},{"week":7,"averageReturn":-9.3,"sample":3},{"week":8,"averageReturn":-19.2,"sample":3},{"week":9,"averageReturn":-10.4,"sample":2},{"week":10,"averageReturn":2.5,"sample":2},{"week":11,"averageReturn":-0.6,"sample":2},{"week":12,"averageReturn":-11.7,"sample":2},{"week":13,"averageReturn":-21.2,"sample":2},{"week":14,"averageReturn":-28.6,"sample":2},{"week":15,"averageReturn":-20.9,"sample":2},{"week":16,"averageReturn":-17.1,"sample":2},{"week":17,"averageReturn":-18.4,"sample":2},{"week":18,"averageReturn":-22.8,"sample":2},{"week":19,"averageReturn":-33.7,"sample":2},{"week":20,"averageReturn":-39.4,"sample":2},{"week":21,"averageReturn":-37.8,"sample":2},{"week":22,"averageReturn":-41.4,"sample":2},{"week":23,"averageReturn":-36.8,"sample":2},{"week":24,"averageReturn":-32.0,"sample":2},{"week":25,"averageReturn":-42.2,"sample":2},{"week":26,"averageReturn":-49.7,"sample":2}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2.0,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-23.4,"averageReturn":-23.4,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-58.1,"averageReturn":-58.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-50.8,"averageReturn":-50.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-8.2,"sample":2},{"week":2,"averageReturn":-12.4,"sample":2},{"week":3,"averageReturn":-14.3,"sample":2},{"week":4,"averageReturn":-23.4,"sample":2},{"week":5,"averageReturn":-30.3,"sample":2},{"week":6,"averageReturn":-29.1,"sample":2},{"week":7,"averageReturn":-37.7,"sample":2},{"week":8,"averageReturn":-52.8,"sample":2},{"week":9,"averageReturn":-55.1,"sample":2},{"week":10,"averageReturn":-57.1,"sample":2},{"week":11,"averageReturn":-57.5,"sample":2},{"week":12,"averageReturn":-58.1,"sample":2},{"week":13,"averageReturn":-59.8,"sample":2},{"week":14,"averageReturn":-57.0,"sample":2},{"week":15,"averageReturn":-54.8,"sample":2},{"week":16,"averageReturn":-53.5,"sample":2},{"week":17,"averageReturn":-51.1,"sample":2},{"week":18,"averageReturn":-53.6,"sample":2},{"week":19,"averageReturn":-53.9,"sample":2},{"week":20,"averageReturn":-49.0,"sample":2},{"week":21,"averageReturn":-48.0,"sample":2},{"week":22,"averageReturn":-46.0,"sample":2},{"week":23,"averageReturn":-47.0,"sample":2},{"week":24,"averageReturn":-44.8,"sample":2},{"week":25,"averageReturn":-49.6,"sample":2},{"week":26,"averageReturn":-50.8,"sample":2}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":21,"completedEpisodes":21,"activeEpisodes":0,"medianExpectedMove":17.0,"averageExpectedMove":30.8,"averageWeeksToLargestMove":5.7,"horizons":[{"weeks":4,"sample":21,"expectedCount":10,"expectedPercent":47.6,"averageReturn":3.3,"medianReturn":-0.8,"confidenceLow":28.3,"confidenceHigh":67.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":11,"expectedPercent":52.4,"averageReturn":-0.7,"medianReturn":1.4,"confidenceLow":32.4,"confidenceHigh":71.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":7,"expectedPercent":36.8,"averageReturn":-11.3,"medianReturn":-17.2,"confidenceLow":19.1,"confidenceHigh":59.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.8,"sample":21},{"week":2,"averageReturn":1.0,"sample":21},{"week":3,"averageReturn":3.1,"sample":21},{"week":4,"averageReturn":3.3,"sample":21},{"week":5,"averageReturn":5.7,"sample":21},{"week":6,"averageReturn":5.5,"sample":21},{"week":7,"averageReturn":3.8,"sample":21},{"week":8,"averageReturn":3.2,"sample":21},{"week":9,"averageReturn":2.3,"sample":21},{"week":10,"averageReturn":-0.0,"sample":21},{"week":11,"averageReturn":1.7,"sample":21},{"week":12,"averageReturn":-0.7,"sample":21},{"week":13,"averageReturn":-4.0,"sample":21},{"week":14,"averageReturn":-8.9,"sample":21},{"week":15,"averageReturn":-10.9,"sample":21},{"week":16,"averageReturn":-13.2,"sample":21},{"week":17,"averageReturn":-11.5,"sample":21},{"week":18,"averageReturn":-13.5,"sample":20},{"week":19,"averageReturn":-12.8,"sample":20},{"week":20,"averageReturn":-14.6,"sample":20},{"week":21,"averageReturn":-15.4,"sample":20},{"week":22,"averageReturn":-16.2,"sample":19},{"week":23,"averageReturn":-14.8,"sample":19},{"week":24,"averageReturn":-9.0,"sample":19},{"week":25,"averageReturn":-9.6,"sample":19},{"week":26,"averageReturn":-11.3,"sample":19}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":16,"completedEpisodes":15,"activeEpisodes":1,"medianExpectedMove":18.6,"averageExpectedMove":21.5,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":16,"expectedCount":7,"expectedPercent":43.8,"averageReturn":4.5,"medianReturn":1.4,"confidenceLow":23.1,"confidenceHigh":66.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":15,"expectedCount":7,"expectedPercent":46.7,"averageReturn":9.1,"medianReturn":13.1,"confidenceLow":24.8,"confidenceHigh":69.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":11,"expectedPercent":73.3,"averageReturn":-17.9,"medianReturn":-38.1,"confidenceLow":48.0,"confidenceHigh":89.1,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.9,"sample":16},{"week":2,"averageReturn":-2.6,"sample":16},{"week":3,"averageReturn":-0.3,"sample":16},{"week":4,"averageReturn":4.5,"sample":16},{"week":5,"averageReturn":4.9,"sample":15},{"week":6,"averageReturn":4.4,"sample":15},{"week":7,"averageReturn":2.7,"sample":15},{"week":8,"averageReturn":-0.5,"sample":15},{"week":9,"averageReturn":-1.0,"sample":15},{"week":10,"averageReturn":3.9,"sample":15},{"week":11,"averageReturn":6.5,"sample":15},{"week":12,"averageReturn":9.1,"sample":15},{"week":13,"averageReturn":11.6,"sample":15},{"week":14,"averageReturn":13.8,"sample":15},{"week":15,"averageReturn":24.3,"sample":15},{"week":16,"averageReturn":23.7,"sample":15},{"week":17,"averageReturn":21.9,"sample":15},{"week":18,"averageReturn":18.6,"sample":15},{"week":19,"averageReturn":12.1,"sample":15},{"week":20,"averageReturn":5.4,"sample":15},{"week":21,"averageReturn":1.4,"sample":15},{"week":22,"averageReturn":-4.8,"sample":15},{"week":23,"averageReturn":-7.8,"sample":15},{"week":24,"averageReturn":-10.3,"sample":15},{"week":25,"averageReturn":-16.3,"sample":15},{"week":26,"averageReturn":-17.9,"sample":15}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":15,"completedEpisodes":14,"activeEpisodes":1,"medianExpectedMove":12.8,"averageExpectedMove":19.2,"averageWeeksToLargestMove":6.4,"horizons":[{"weeks":4,"sample":14,"expectedCount":6,"expectedPercent":42.9,"averageReturn":8.1,"medianReturn":1.4,"confidenceLow":21.4,"confidenceHigh":67.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":5,"expectedPercent":35.7,"averageReturn":16.9,"medianReturn":15.4,"confidenceLow":16.3,"confidenceHigh":61.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":13,"expectedCount":9,"expectedPercent":69.2,"averageReturn":-17.1,"medianReturn":-30.5,"confidenceLow":42.4,"confidenceHigh":87.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.4,"sample":15},{"week":2,"averageReturn":5.6,"sample":14},{"week":3,"averageReturn":6.9,"sample":14},{"week":4,"averageReturn":8.1,"sample":14},{"week":5,"averageReturn":11.3,"sample":14},{"week":6,"averageReturn":10.6,"sample":14},{"week":7,"averageReturn":11.7,"sample":14},{"week":8,"averageReturn":10.1,"sample":14},{"week":9,"averageReturn":9.0,"sample":14},{"week":10,"averageReturn":13.0,"sample":14},{"week":11,"averageReturn":16.5,"sample":14},{"week":12,"averageReturn":16.9,"sample":14},{"week":13,"averageReturn":18.7,"sample":14},{"week":14,"averageReturn":16.4,"sample":14},{"week":15,"averageReturn":12.2,"sample":14},{"week":16,"averageReturn":13.7,"sample":14},{"week":17,"averageReturn":11.0,"sample":14},{"week":18,"averageReturn":6.3,"sample":14},{"week":19,"averageReturn":3.4,"sample":14},{"week":20,"averageReturn":1.1,"sample":14},{"week":21,"averageReturn":-3.4,"sample":14},{"week":22,"averageReturn":-6.6,"sample":14},{"week":23,"averageReturn":-12.7,"sample":13},{"week":24,"averageReturn":-15.6,"sample":13},{"week":25,"averageReturn":-14.9,"sample":13},{"week":26,"averageReturn":-17.1,"sample":13}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":21,"completedEpisodes":20,"activeEpisodes":1,"medianExpectedMove":13.7,"averageExpectedMove":25.7,"averageWeeksToLargestMove":5.2,"horizons":[{"weeks":4,"sample":21,"expectedCount":9,"expectedPercent":42.9,"averageReturn":-1.6,"medianReturn":-4.1,"confidenceLow":24.5,"confidenceHigh":63.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":8,"expectedPercent":40.0,"averageReturn":-6.3,"medianReturn":-4.5,"confidenceLow":21.9,"confidenceHigh":61.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":9,"expectedPercent":47.4,"averageReturn":-6.0,"medianReturn":-7.0,"confidenceLow":27.3,"confidenceHigh":68.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.2,"sample":21},{"week":2,"averageReturn":3.0,"sample":21},{"week":3,"averageReturn":-0.0,"sample":21},{"week":4,"averageReturn":-1.6,"sample":21},{"week":5,"averageReturn":-2.1,"sample":21},{"week":6,"averageReturn":-1.9,"sample":21},{"week":7,"averageReturn":2.1,"sample":21},{"week":8,"averageReturn":-1.0,"sample":21},{"week":9,"averageReturn":-3.1,"sample":20},{"week":10,"averageReturn":-3.9,"sample":20},{"week":11,"averageReturn":-6.1,"sample":20},{"week":12,"averageReturn":-6.3,"sample":20},{"week":13,"averageReturn":-6.0,"sample":20},{"week":14,"averageReturn":-9.1,"sample":20},{"week":15,"averageReturn":-12.7,"sample":20},{"week":16,"averageReturn":-10.7,"sample":20},{"week":17,"averageReturn":-10.4,"sample":20},{"week":18,"averageReturn":-11.8,"sample":20},{"week":19,"averageReturn":-11.6,"sample":19},{"week":20,"averageReturn":-10.0,"sample":19},{"week":21,"averageReturn":-8.3,"sample":19},{"week":22,"averageReturn":-0.1,"sample":19},{"week":23,"averageReturn":-3.4,"sample":19},{"week":24,"averageReturn":-6.1,"sample":19},{"week":25,"averageReturn":-5.1,"sample":19},{"week":26,"averageReturn":-6.0,"sample":19}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"accumulation","zoneContext":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":46.7,"averageReturn":9.1,"sample":15},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but 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, 46.7% of comparable cases moved lower after 12 weeks, with an average move of 9.1% across 15 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 19.5 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 25.7% across 20 completed cases, with the largest move arriving after 5.2 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-05-22","price":13.68}],"distribution_rollovers":[{"date":"2025-01-24","price":40.11}],"price_pressure_gaps":[]}},"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":[28.81,28.69,25.81,29.6,28.13,27.09,28.64,29.17,30.0,32.12,31.95,32.55,27.17,32.67,33.89,34.89,34.61,36.92,38.0,46.81,42.29,41.28,40.11,36.67,34.66,35.11,27.46,16.35,15.44,14.47,14.31,13.26,11.57,11.54,11.59,12.98,13.76,12.62,13.34,12.45,13.08,13.41,12.52,12.64,13.19,13.7,12.68,12.73,12.17,11.35,11.22,8.81,8.81,8.66,8.34,9.4,10.46,9.83,9.69,8.24,8.6,10.1,9.73,8.3,7.77,6.92,8.01,8.89,8.69,8.1,6.83,6.32,6.61,6.37,6.35,6.13,5.41,4.86,4.85,4.405,5.34,6.53,5.33,4.47,5.69,5.65,7.16,7.29,7.72,9.36,9.8,13.68,14.7,13.63,11.31,9.58,7.68,7.83,6.66,5.99,5.95,6.56,7.95,7.53],"consensus":[13.9145,0.0,-45.617,42.3808,-19.3365,-25.9346,23.1456,15.2433,24.8788,50.5528,20.8459,28.7511,-56.2984,49.4578,36.5575,35.0179,17.6887,53.6143,42.3033,78.1088,0.0,17.3671,0.0,-37.7864,-37.678,0.0,-72.5447,-79.9924,-54.0908,-52.5299,-46.058,-56.9132,-63.1107,-37.8186,-40.3071,-8.694,0.0,-35.459,-12.1897,-35.2869,-8.9756,-11.0527,-36.6211,-15.8948,0.0,0.0,-28.9965,-13.3059,-31.2258,-42.6327,-31.1471,-62.4693,-29.6618,-28.9786,-32.7622,13.2837,25.8932,-15.0657,-9.5827,-49.3895,-17.9354,31.5079,0.0,-36.7707,-36.4143,-44.7782,0.0,23.0854,0.0,-13.4805,-49.6227,-45.1387,-21.4347,-33.083,-13.0061,-21.7912,-45.7083,-48.991,-29.7789,-47.4445,15.2251,44.9553,-34.9718,-42.6517,29.5141,-13.2369,56.3472,29.036,46.8916,67.6032,46.2549,79.0586,64.9253,16.6164,0.0,-35.1385,-49.1082,-28.104,-50.5311,-48.1031,-31.9668,-11.7756,25.9667,-2.1363],"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":[-27.4458,-25.6506,-29.8698,9.1453,18.4768,-28.8864,-25.0228,-56.3059,-18.2721,31.6926,0.0,-43.1691,-45.0529,-45.2674,0.0,23.4243,0.0,-24.9742,-50.2054,-50.0613,-20.8564,-33.9704,-11.2076,-26.1878,-46.9508,-54.0157,-28.8541,-49.1246,16.7395,34.7592,-44.4595,-53.3134,32.4966,-13.497,55.6948,19.4461,47.9387,67.5972,38.6962,74.2631,64.6829,3.033,0.0,-33.2826,-47.6481,-26.1089,-52.6802,-51.5832,-31.709,-4.4003,29.5361,-7.7986],"force":[-8.6322,-10.8662,-18.0756,54.6135,53.8609,-19.2699,-5.7087,-60.7522,-2.2965,57.9142,0.0,-56.491,-33.4216,-44.2987,0.0,39.6614,0.0,-20.4097,-70.4846,-38.6612,-1.5726,-24.157,-3.0399,-11.555,-50.0605,-44.5321,-9.6444,-42.5928,57.8771,82.6467,-60.9308,-53.6118,56.9614,-17.7388,68.438,14.4604,36.0831,70.2245,33.4008,94.5898,51.5665,33.2196,0.0,-63.8288,-63.4961,-15.643,-49.6351,-37.004,-11.5235,-12.2439,45.8568,-1.2653],"direction":[-47.2156,-45.7196,-46.5583,11.5081,14.3923,-3.7323,-5.296,-33.3688,-32.002,12.4352,0.0,-15.3723,-28.6792,-44.5615,0.0,10.8582,0.0,-4.6046,-34.0554,-44.1396,-38.5294,-38.4447,-26.5229,-24.0779,-41.1796,-46.4335,-45.2177,-48.9898,16.9714,29.6855,-5.5864,-22.6384,6.5002,-9.724,48.4566,50.4069,53.4153,65.7377,64.075,73.4455,74.7445,67.7376,0.0,-16.7667,-40.4997,-39.2848,-48.7151,-52.0539,-46.8639,-37.3614,7.6803,-3.7128],"intensity":[67.3077,13.4615,3.8462,36.5385,46.1538,15.3846,13.4615,55.7692,26.9231,59.6154,21.1538,55.7692,63.4615,46.1538,42.3077,34.6154,40.3846,38.4615,59.6154,71.1538,3.8462,3.8462,17.3077,5.7692,32.6923,17.3077,30.7692,9.6154,53.8462,82.6923,69.2308,67.3077,73.0769,78.8462,90.3846,51.9231,13.4615,96.1538,78.8462,100.0,98.0769,92.3077,94.2308,90.3846,92.3077,17.3077,53.8462,32.6923,36.5385,23.0769,69.2308,7.6923],"confirmation":[76.8847,76.7719,78.0804,30.6951,77.2512,50.8681,26.5096,84.0455,50.9409,78.8845,24.3544,80.2701,79.4297,82.3069,30.4861,75.8873,27.1886,50.6654,84.5062,82.172,51.8356,78.301,49.6822,74.5942,82.7404,83.4647,76.9297,83.0088,32.436,83.6898,57.1709,81.8201,55.5689,72.3691,86.4095,76.9934,82.66,89.713,82.525,93.8452,88.3727,11.0923,34.8875,80.147,84.1753,76.6439,84.1099,83.0017,77.6103,5.7606,54.1945,9.3629],"persistence":[87.5,100.0,100.0,75.0,50.0,50.0,50.0,50.0,50.0,25.0,12.5,37.5,62.5,62.5,50.0,25.0,12.5,37.5,50.0,50.0,50.0,50.0,62.5,87.5,100.0,100.0,100.0,100.0,75.0,50.0,50.0,50.0,25.0,25.0,0.0,25.0,25.0,25.0,50.0,75.0,75.0,100.0,87.5,62.5,37.5,12.5,12.5,37.5,62.5,87.5,75.0,62.5],"assessmentRisk":[35.1419,35.4123,33.5713,23.9497,34.6061,51.0323,50.7768,18.5232,39.4578,2.7796,3.1068,21.2127,19.0811,27.5353,49.7167,15.5682,41.1829,50.3837,18.0825,27.0561,38.4855,31.7713,23.0872,2.2585,24.8729,24.627,34.3594,26.1776,14.4384,26.974,47.5063,26.3009,7.2481,35.0337,20.5352,35.3571,25.7451,16.1731,26.6553,10.4668,17.5363,41.5424,41.6552,31.9041,25.426,35.8692,24.3646,24.7789,23.4857,26.8274,20.3483,38.3791],"volumeParticipation":true,"latest":{"consensus":-2.1,"control":-7.8,"force":-1.3,"direction":-3.7,"confirmation":9.4,"persistence":62.5,"assessmentRisk":38.4,"intensity":7.7,"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-2.1","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-7.8","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-1.3","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-3.7","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"9/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"47.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"26.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"21.5","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"26%","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":[28.81,28.69,25.81,29.6,28.13,27.09,28.64,29.17,30.0,32.12,31.95,32.55,27.17,32.67,33.89,34.89,34.61,36.92,38.0,46.81,42.29,41.28,40.11,36.67,34.66,35.11,27.46,16.35,15.44,14.47,14.31,13.26,11.57,11.54,11.59,12.98,13.76,12.62,13.34,12.45,13.08,13.41,12.52,12.64,13.19,13.7,12.68,12.73,12.17,11.35,11.22,8.81,8.81,8.66,8.34,9.4,10.46,9.83,9.69,8.24,8.6,10.1,9.73,8.3,7.77,6.92,8.01,8.89,8.69,8.1,6.83,6.32,6.61,6.37,6.35,6.13,5.41,4.86,4.85,4.405,5.34,6.53,5.33,4.47,5.69,5.65,7.16,7.29,7.72,9.36,9.8,13.68,14.7,13.63,11.31,9.58,7.68,7.83,6.66,5.99,5.95,6.56,7.95,7.53],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[29.1989,29.1064,28.507,28.7058,28.6011,28.3263,28.3834,28.5264,28.7943,29.399,29.8628,30.3514,29.773,30.2997,30.9525,31.6684,32.2032,33.0608,33.9589,36.2954,37.3853,38.0935,38.4601,38.1346,37.5029,37.0678,35.3209,31.8717,28.8841,26.2634,24.09,22.1209,20.2026,18.6276,17.348,16.5538,16.0459,15.423,15.0442,14.5726,14.3012,14.1392,13.8448,13.6257,13.5465,13.5744,13.4118,13.2878,13.0846,12.7692,12.4875,11.8189,11.2718,10.7969,10.3502,10.1775,10.2288,10.1563,10.0715,9.7385,9.5315,9.6349,9.6522,9.4063,9.1088,8.7108,8.5834,8.6392,8.6484,8.5487,8.2362,7.8878,7.6555,7.4218,7.2269,7.0275,6.7334,6.3928,6.1123,5.8018,5.7179,5.8655,5.7682,5.5321,5.5608,5.577,5.8649,6.124,6.4142,6.9498,7.468,8.5974,9.707,10.4203,10.582,10.3999,9.9053,9.528,9.0065,8.4581,8.0021,7.7399,7.7781,7.733],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[29.2458,29.2047,28.9532,29.0011,28.9366,28.7998,28.788,28.8163,28.9039,29.1422,29.3502,29.5872,29.4081,29.6498,29.9638,30.3287,30.6459,31.1106,31.621,32.7461,33.453,34.0328,34.483,34.645,34.6461,34.6804,34.1456,32.8274,31.5394,30.275,29.0924,27.9197,26.7086,25.585,24.5483,23.6914,22.9557,22.1901,21.5346,20.8616,20.2852,19.7759,19.2385,18.7497,18.3379,17.9943,17.6007,17.2399,16.8643,16.4559,16.068,15.5304,15.0326,14.5605,14.0998,13.7516,13.5078,13.2354,12.9728,12.6222,12.3242,12.1595,11.9795,11.707,11.4153,11.0823,10.8548,10.7092,10.5597,10.3775,10.1147,9.8336,9.5948,9.3559,9.1333,8.9108,8.6515,8.3706,8.1099,7.8354,7.6506,7.5676,7.4018,7.1846,7.0739,6.9685,6.9826,7.0054,7.0583,7.2288,7.4193,7.8831,8.388,8.7763,8.964,9.0096,8.9111,8.831,8.6702,8.4717,8.2849,8.1571,8.1418,8.0965],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[34.6485,34.6751,34.4868,34.3625,34.0973,33.7331,33.6341,33.6595,33.721,34.0643,34.3095,34.5155,34.4509,34.6389,34.8655,35.3167,35.3669,36.5046,37.7504,41.3593,42.9387,44.07,44.6324,44.8619,44.8105,44.6185,44.7268,46.8029,48.4511,49.735,50.6391,51.3205,52.1595,52.4751,52.4156,51.9169,51.2146,50.0665,48.4891,44.7229,41.4642,37.8875,33.9506,30.2728,26.3905,20.6054,15.6278,14.9801,14.5115,14.3212,14.1279,14.589,14.9245,15.1892,15.4279,15.378,15.1306,15.0355,14.8189,14.7943,14.5928,14.2446,14.0205,13.7884,13.418,12.8939,12.427,11.8332,11.2939,10.9091,10.596,10.7381,10.7895,10.8471,10.8976,10.8347,10.5954,10.4793,10.3053,10.3475,10.2071,9.6989,9.2164,9.0598,8.8967,8.832,8.6984,8.3576,8.118,8.4823,9.114,10.9424,12.598,13.6429,14.093,14.2765,14.2941,14.2831,14.2321,14.15,14.1255,14.1252,14.0986,13.9737],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[20.3655,20.8649,21.3752,22.2215,23.0117,23.7889,24.2289,24.4185,24.673,24.7287,24.9665,25.3915,25.0721,25.0151,24.9075,24.6843,24.6571,24.2204,23.9276,22.3927,22.1613,22.289,23.1566,23.6341,24.3385,25.3325,25.1062,21.7481,18.6439,15.595,12.9269,10.3165,7.9175,5.4889,3.3184,1.6261,0.2434,-1.0385,-1.9271,-1.5969,-1.2592,-0.4695,0.7084,1.9832,3.7185,7.3626,10.8622,11.1479,11.2895,11.1678,11.0521,10.146,9.5345,8.9818,8.4181,8.11,8.0274,7.8435,7.6951,7.2987,7.0522,7.0694,7.0145,6.8126,6.641,6.4871,6.487,6.6968,6.8881,6.9479,6.822,6.4309,6.1595,5.8729,5.6234,5.3593,5.0936,4.7127,4.4027,3.977,3.7914,3.9426,3.9851,3.7587,3.7138,3.6515,3.7001,3.8809,4.0235,3.7852,3.4505,2.3581,1.5115,1.1926,1.2385,1.4,1.6094,1.9174,2.1494,2.39,2.4755,2.4788,2.7674,3.1983],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"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"]},{"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":[-18.6649,-17.6835,-20.6893,-13.4832,-18.2675,-21.3405,-16.2672,-15.327,-12.7178,-6.4052,-5.0826,-7.8727,-19.6091,-4.5587,-1.1613,-0.8854,-1.6892,7.8417,10.5068,36.9817,26.7447,20.5194,15.7875,7.883,2.7117,1.8427,-17.7693,-48.5741,-49.2057,-50.6992,-50.8675,-52.8878,-53.9709,-56.9004,-55.2907,-52.557,-50.9777,-54.5582,-54.5852,-56.0702,-54.1751,-53.3934,-55.7218,-54.7843,-54.0145,-52.2516,-54.9131,-54.5061,-55.997,-57.2532,-58.5305,-67.0582,-66.1165,-65.9479,-66.9094,-62.6118,-58.5098,-60.1141,-60.3591,-64.7482,-63.2539,-56.717,-58.0193,-62.0631,-63.6103,-65.5541,-60.8141,-55.5861,-54.335,-56.0806,-61.8983,-62.0834,-59.0794,-58.0557,-56.004,-55.2145,-57.5405,-59.2092,-57.9356,-60.6985,-50.5914,-37.6824,-46.915,-52.9233,-41.1777,-43.0065,-30.7329,-29.5844,-25.0132,-12.4118,-6.58,29.765,36.4788,33.5808,9.5308,-8.2648,-21.5748,-19.1854,-31.1418,-34.0345,-32.1255,-24.3228,-11.5707,-16.516],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","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"]},{"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":[-44.9981,-45.2272,-50.7255,-43.4899,-46.2963,-48.2818,-45.3226,-44.3108,-42.7262,-38.6789,-39.0034,-37.858,-48.1291,-37.6289,-35.2997,-33.3906,-33.9252,-29.5151,-27.4532,-10.6338,-19.2631,-21.1913,-23.425,-29.9924,-33.8297,-32.9706,-47.5754,-68.7858,-70.5231,-72.375,-72.6804,-74.685,-77.9114,-77.9687,-77.8732,-75.2195,-73.7304,-75.9068,-74.5323,-76.2314,-75.0286,-74.3986,-76.0977,-75.8687,-74.8186,-73.845,-75.7923,-75.6968,-76.7659,-78.3314,-78.5796,-83.1806,-83.1806,-83.467,-84.0779,-82.0542,-80.0305,-81.2333,-81.5006,-84.2688,-83.5815,-80.7178,-81.4242,-84.1543,-85.1661,-86.7889,-84.7079,-83.0279,-83.4097,-84.5361,-86.9607,-87.9343,-87.3807,-87.8389,-87.8771,-88.2971,-89.6716,-90.7216,-90.7407,-91.5903,-89.8053,-87.5334,-89.8244,-91.4662,-89.1371,-89.2134,-86.3307,-86.0825,-85.2616,-82.1306,-81.2906,-73.8832,-71.9359,-73.9786,-78.4078,-81.7106,-85.3379,-85.0515,-87.2852,-88.5643,-88.6407,-87.4761,-84.8225,-85.6243],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[28.731,28.1948,15.3262,32.2609,25.6926,21.0456,27.9714,30.3396,34.0483,40.3846,39.1551,29.0131,5.2693,26.5788,31.3057,35.1802,34.0953,43.0453,47.2298,81.3638,63.8512,59.938,55.4049,42.0767,34.289,36.0325,6.3929,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.4333,12.4783,19.2374,9.3588,15.5979,7.8856,13.3449,16.2045,8.4922,9.5321,14.2981,18.7175,9.8787,10.312,5.4593,0.0,0.0,0.0,0.0,0.0,0.0,12.7098,25.4197,17.8657,16.1871,0.0,4.3689,22.5728,18.0825,0.7282,0.0,0.0,15.7514,28.4682,25.578,17.052,0.0,0.0,4.5886,0.7911,0.4747,0.0,0.0,0.0,0.0,0.0,21.2259,48.2406,20.9989,1.4756,29.1714,28.2633,62.5426,65.4938,75.2554,112.4858,122.4745,210.5562,233.7117,209.4211,156.7537,117.4801,74.3473,77.7526,51.1918,35.9818,35.0738,48.9217,80.4767,70.9421],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","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"]},{"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":[69.9854,52.7998,52.629,70.5499,78.4191,84.1854,66.1256,81.9234,61.7173,85.8452,72.6558,108.2094,207.5868,190.7169,85.7943,125.0727,129.9693,172.8563,67.5579,173.0498,157.8162,148.2491,82.0695,100.7577,119.2031,116.7508,119.5779,421.0814,227.7631,139.1339,113.0883,101.541,147.2915,144.8017,65.6486,98.7348,83.0561,118.0994,69.7857,59.7367,94.541,74.5456,60.2996,45.4568,59.0288,39.9273,86.2957,54.0338,56.9067,79.279,71.9162,205.3705,167.4441,97.3164,109.1283,148.9537,130.7933,64.0822,86.3348,75.7641,116.5952,91.7526,102.586,112.4687,85.5217,94.0153,64.7959,68.5957,67.3784,103.7067,145.9546,100.3201,128.6617,118.5521,137.0136,103.9463,144.8164,113.4662,95.6336,149.3535,129.4145,174.5428,122.0487,128.366,73.881,105.3095,75.6252,101.4784,50.8775,85.6408,122.0867,138.604,108.5788,131.2332,86.8092,97.2424,108.9766,53.081,81.8513,66.6675,68.4408,47.4532,45.8004,67.3268],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[74.8662,73.5588,72.3047,73.9233,72.2078,70.423,71.7805,73.4016,74.5925,76.2066,74.8484,76.7955,73.0528,76.6796,78.2973,80.6944,78.1259,81.7091,83.1098,86.6584,83.2955,79.9883,78.1327,75.8197,73.0185,75.8215,72.8544,65.0,65.0,65.0,65.0,65.0,65.0,65.0,66.283,68.2523,69.9265,67.506,68.9633,67.7306,69.6971,71.2455,69.9822,70.9305,72.1579,72.9773,71.1916,72.1677,71.2188,69.941,68.8138,65.4395,65.4395,65.0,65.0,67.2388,69.2338,68.2981,67.0413,65.94,67.6273,68.95,67.4543,65.7689,65.0,65.0,65.9245,66.9075,65.9372,65.0,65.0,65.0,66.626,65.109,65.0,65.0,65.0,65.0,65.0,65.0,66.4218,68.439,67.0011,65.4615,66.3489,65.0669,65.9983,67.2783,67.919,68.9986,70.5367,72.3375,73.756,72.0046,70.8568,69.5583,68.1029,68.7992,67.7221,66.8703,66.0153,66.5735,67.0912,66.3573],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","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"]},{"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":[37.208,52.925,34.7543,62.1387,51.5173,44.0029,55.2023,59.0318,65.0289,80.3468,77.0635,81.6064,38.3936,82.5703,92.3695,87.5964,78.3333,86.4366,92.8614,95.0195,76.7451,72.85,68.3378,55.0713,47.3197,42.8386,9.5799,6.1635,3.4925,1.5129,1.0474,0.4543,0.5951,2.9039,3.0359,6.7054,8.7645,5.755,7.6558,5.3062,6.9694,7.8405,5.491,5.8078,7.2598,8.6061,6.5268,7.2013,5.8649,3.2535,3.1113,3.5688,4.4521,8.8435,7.5808,22.0648,36.3698,30.0364,28.0,6.9091,12.1455,33.9636,28.5818,7.7818,2.8289,6.8758,20.0241,32.0303,30.5483,22.846,6.2663,1.3256,5.5227,3.7303,10.97,8.2556,5.644,1.964,5.0634,2.3485,18.7318,36.2837,18.806,6.2943,25.4917,24.8623,48.6231,50.7087,57.4803,93.4629,82.3276,89.8979,95.1247,71.3438,54.0303,41.1197,26.9405,28.0599,19.3285,14.3285,14.03,18.5822,28.9554,25.8211],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-31.3886,-19.2513,-25.9185,-15.0402,-19.2595,-22.2445,-17.7956,-16.2744,-13.8921,-7.8071,-8.2951,-6.5729,-22.0149,-6.2285,-2.7268,-4.8282,-8.8971,-5.8163,-3.0612,-2.6617,-12.4793,-14.5695,-16.9909,-24.1101,-28.2699,-27.3386,-43.1705,-66.1631,-68.0464,-70.0538,-70.3849,-72.5579,-76.0555,-76.1175,-76.0141,-73.1374,-71.5232,-73.8825,-72.3924,-74.2343,-72.9305,-72.2475,-74.0894,-73.8411,-72.7028,-71.6474,-71.6711,-69.8627,-69.5273,-70.4503,-68.4033,-75.0071,-70.4462,-49.6512,-45.6678,-38.056,-31.0708,-32.8552,-33.8115,-43.7158,-41.2568,-31.0109,-33.5383,-43.306,-46.9262,-52.7322,-45.2869,-37.7451,-37.9729,-42.1842,-51.2491,-54.0818,-50.2323,-51.2997,-51.0409,-51.9216,-54.6521,-55.207,-55.2991,-59.4005,-50.783,-39.8151,-50.5107,-57.1223,-45.4197,-45.8034,-31.3189,-30.0384,-25.9117,-3.8027,-11.1514,-7.3164,-3.5737,-21.9801,-35.2601,-45.1628,-56.0387,-55.1801,-61.8773,-65.7125,-65.9414,-62.4497,-54.4932,-56.8973],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[37.1905,36.619,22.9048,40.9524,33.9524,29.0,36.381,38.9048,42.8571,52.9524,43.6601,45.3774,21.3488,45.9134,51.3622,55.8285,54.5779,64.895,69.7186,109.0665,88.879,84.368,79.1425,63.7785,54.8013,39.2701,8.7529,14.736,8.3501,3.7276,2.5806,1.2214,1.9383,10.5364,11.0153,24.3295,31.8008,20.8812,27.7778,19.2529,25.2874,28.4483,19.9234,21.0728,26.341,31.2261,21.4559,21.9349,16.5709,8.7165,7.4713,12.4944,12.4944,10.5791,7.405,21.056,34.707,26.5937,24.7907,6.1172,10.7534,30.0708,25.3059,6.8899,2.642,8.9764,26.1417,40.0,36.8504,27.5591,7.5591,1.6077,6.2701,4.2553,14.739,10.7638,7.7689,2.5316,7.064,3.6471,31.2039,60.4423,30.9582,9.828,39.8034,38.8206,75.9214,79.1155,89.6806,129.9754,140.7862,236.1179,261.1794,234.8894,177.887,135.3808,88.6978,92.3833,63.6364,47.1744,46.1916,61.1794,95.3317,85.0123],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","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"]},{"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":[20.4384,19.7174,19.5238,19.1927,18.877,18.8321,18.3627,17.9267,17.0432,16.4043,16.0318,16.2071,15.3995,14.511,13.5822,13.4237,13.7099,14.3463,14.9373,17.4194,19.7588,20.87,21.9018,21.6582,20.5002,19.1179,19.0629,20.9439,22.6904,24.3786,25.9462,27.5087,29.1766,30.8362,32.3772,33.3297,33.8641,34.5098,35.1094,35.8255,36.4903,36.4039,36.4117,36.4318,36.2456,35.7106,35.304,34.9266,34.7489,34.8579,35.0134,36.1621,37.2289,38.2194,39.2636,39.4975,38.7329,38.0229,37.3637,37.3561,37.3861,36.531,36.0986,35.4884,35.0462,35.2229,35.387,34.645,33.5117,33.0117,33.1179,33.3529,33.3243,33.3964,33.7663,34.1096,34.8374,35.6498,36.5078,37.4441,37.3127,35.5931,33.9964,33.1947,32.2519,30.4813,28.4202,27.3084,26.276,26.6046,27.548,29.6512,31.7222,34.1167,34.8854,34.4937,32.8894,31.3997,29.4023,27.3163,25.5266,23.7429,22.7168,21.5366],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[21.4683,20.6342,18.9271,18.2157,17.2733,16.417,17.1703,16.5223,18.2512,22.3054,22.2791,23.7967,20.6078,18.5864,19.2205,21.9221,22.8243,22.9491,21.6781,32.5074,29.3668,26.7754,25.5735,24.0317,22.1586,20.9007,18.246,14.4194,13.8824,13.5779,13.3807,12.9293,12.4867,11.9869,11.7747,13.3961,14.6464,13.9019,13.5703,13.1827,12.9238,15.631,14.9194,14.6641,15.0894,16.3182,15.7379,15.3894,14.9001,14.0973,13.3557,11.6252,11.0105,10.7419,10.3583,12.849,16.6846,15.9024,15.5002,14.2155,13.4415,16.4179,14.9742,14.3844,13.7564,12.6959,11.9084,14.7413,16.0817,15.3416,14.0154,13.5471,14.0422,13.4774,12.77,12.3825,11.6151,10.9372,10.5353,10.1945,13.2308,19.0839,17.6464,16.5504,16.2492,19.8757,21.7707,24.9096,23.5786,30.6844,32.2124,39.3398,37.1467,38.707,34.4222,31.4073,28.9252,27.4335,25.8465,24.5368,23.7056,24.1444,27.1428,25.2637],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[26.5807,25.3953,26.6849,24.5883,23.2612,23.7465,21.9687,21.1396,20.3993,18.9632,17.7953,16.3714,22.7319,19.7204,18.6491,17.4485,16.0486,14.4822,13.6801,10.9264,9.7444,12.7993,12.2248,16.5313,19.8698,21.3866,26.4462,38.3947,36.9648,37.0152,36.4774,36.6287,38.3334,38.3896,37.71,35.9559,34.8445,34.7946,33.9649,34.8713,34.1865,32.6723,32.0804,31.6628,30.5151,29.4908,29.2398,28.5924,29.2085,30.1469,29.0668,35.918,34.0186,33.1888,33.5692,31.8727,30.1777,28.7629,28.0354,31.0984,29.7627,27.6062,28.1034,25.3272,25.157,27.944,26.2107,24.5685,23.5181,26.4104,28.7787,29.0595,27.8453,27.5709,28.8082,27.9343,30.089,29.7296,29.724,30.2722,27.8614,24.908,23.0318,26.3112,24.3714,23.0816,21.0741,19.2349,18.2071,16.2061,13.8669,10.777,9.6832,8.141,13.0965,17.1351,22.7116,21.5404,24.1293,24.6344,24.8021,23.8778,22.4889,22.3163],"stroke":"#c13f3f","width":1.6}],"guides":[],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/985be5c3-34d8-46fa-8e07-7adca33cbdc1/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/985be5c3-34d8-46fa-8e07-7adca33cbdc1/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/985be5c3-34d8-46fa-8e07-7adca33cbdc1/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/985be5c3-34d8-46fa-8e07-7adca33cbdc1/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/985be5c3-34d8-46fa-8e07-7adca33cbdc1/technical-pack/data.json"},"source_fingerprint":"c0ca3f136986c0e4f67d5ded0b569f6e2103f48a980e3dd79af42cbc355cf929","content_hash":"3a007a3db4be55f43ffdecce3318757611f94acd748ccf8796b18376f6a4f3f9","citation":"Sharemaestro, DMRC Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/985be5c3-34d8-46fa-8e07-7adca33cbdc1/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."}