{"schema_version":"1.0","name":"MSFT34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"a60257f6-63d8-41fd-b4d7-9e41be6f999f","symbol":"MSFT34","name":"Microsoft Corporation","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Technology","industry":"Software - Infrastructure"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Range position and boundary pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Drawdown and recovery pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure retains strong Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","take":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","tone":"positive","conflict":false},"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":[-0.238103,-0.410337,-0.735964,-0.816362,-0.801617,-0.977935,-0.926125,-1.046557,-0.910502,-0.550038,-0.171878,0.168883,0.360401,0.266113,0.311473,0.553795,0.757174,0.999016,1.017931,0.847573,0.594542,0.453291,0.361218,0.112058,-0.113475,-0.406501,-0.723814,-0.870892,-1.042031,-1.032531,-1.117395,-1.133829,-1.089651,-0.989351,-0.972964,-0.903981,-0.574467,-0.354355,0.117877,0.493572,0.622607,0.669955,0.651791,0.636984,0.723509,0.797159,1.042035,1.151136,1.26147,1.486627,1.514038,1.486601,1.238604,0.847183,0.277987,-0.099528,-0.32812,-0.539243,-0.530117,-0.43254,-0.493238,-0.405819,-0.275057,-0.407207,-0.461432,-0.671237,-0.869297,-0.972491,-0.979658,-0.909754,-0.853107,-0.87467,-0.880559,-0.955038,-0.988512,-0.926053,-0.916666,-0.893597,-1.062275,-1.083146,-1.094821,-1.1467,-1.081793,-1.132473,-1.378423,-1.392094,-1.029936,-0.679924,-0.276264,0.157572,0.270886,0.447563,0.617293,0.631718,0.474769,0.285432,0.04927,-0.000771,0.001637,0.180563,0.153272,0.559273,1.070186,1.348194],"opens":[94.375176,94.454394,96.335954,94.276138,98.831507,99.277139,96.009163,93.513611,97.147997,98.346268,101.257721,98.346254,101.366664,99.841599,100.176484,105.214566,110.877452,112.365068,111.760109,109.231153,108.368332,105.244322,107.505507,103.786457,99.174827,98.61944,96.199571,96.904071,96.069804,93.159793,91.37208,93.845086,89.653901,86.008943,94.719083,86.704163,91.769361,100.469565,104.501854,105.90967,106.466563,107.898584,108.196921,108.714038,109.002421,113.129429,112.473083,115.456463,117.127134,118.966878,120.727077,118.41994,116.540416,113.494234,115.395756,111.692269,112.100445,113.942233,113.115923,114.688903,117.147943,114.888022,118.073814,115.843763,110.407983,111.503105,106.023879,109.004427,108.954587,107.399515,111.865353,112.313935,106.661856,106.073725,102.674502,102.883824,93.304197,87.592308,87.443215,85.616065,83.299692,88.351785,87.413264,83.928709,77.948066,80.693769,77.400741,87.235592,87.465231,84.869236,83.671083,87.734827,87.75,91.150002,83.279999,81.800003,77.050003,85.5,82.620003,82.709999,82.970001,81.370003,99.879997,106.150002],"highs":[97.64314,98.286841,97.31635,99.34646,100.415969,99.712871,96.613244,96.989554,99.178106,101.8222,105.189197,101.554828,102.941223,100.870704,106.355075,111.779937,113.366735,116.044471,112.682433,110.272491,109.528683,108.903862,109.508838,108.814615,101.128572,99.313661,98.920211,97.678738,96.069804,93.16972,92.236145,94.361541,90.776182,94.947516,95.384508,92.067304,102.545305,104.213835,107.122911,107.590304,109.191375,109.738328,110.583621,109.996881,113.716164,113.189094,116.699532,118.688444,119.404445,130.562245,123.252999,119.086223,117.435426,115.674522,116.540648,114.091565,113.942238,114.868108,115.584922,118.979785,117.396834,117.595957,123.987468,116.660125,112.488711,112.777425,109.333384,109.572626,111.845416,112.054764,113.410454,112.951912,109.632442,107.389553,103.382246,104.448866,94.191384,91.599598,87.862557,87.333385,90.917773,88.741176,87.533071,84.927147,80.853523,81.422634,89.562006,89.631895,89.222527,87.445268,90.091191,92.018224,93.849998,91.449997,83.559998,82.639999,81.0,85.5,83.5,86.199997,85.379997,98.38,107.199997,109.080002],"lows":[93.008563,92.998671,92.364874,92.691667,96.880616,95.771484,93.414593,92.592636,96.355777,97.286652,96.959835,96.662754,99.06917,97.920423,99.234318,104.946798,105.274074,107.832792,109.24106,105.56168,104.669105,102.735195,106.414584,100.166562,97.687187,95.673947,94.969806,93.636519,92.414919,90.269658,89.316221,89.79295,85.611671,84.191432,87.905914,85.840098,90.180267,100.350381,103.220657,105.422388,106.466563,107.222353,107.600244,107.401363,108.206852,110.026713,105.412438,115.217795,115.317231,117.554764,116.450905,115.953682,113.922325,112.518576,110.517495,111.363731,111.224348,111.264179,112.259738,114.340457,114.499752,114.619216,115.097093,109.12371,109.183446,105.246345,104.269436,104.688111,107.020716,106.063753,111.127694,105.854416,104.827674,101.587947,96.992511,91.111159,85.389291,85.648463,85.446335,82.25133,83.299692,86.055383,84.11841,77.828249,77.948066,77.159294,77.400741,85.388431,82.393046,82.96217,82.263254,86.160004,86.199997,88.910004,80.919998,81.279999,76.599998,83.68,81.290001,79.959999,79.989998,81.370003,99.480003,105.620003],"closes":[94.385071,96.33596,92.444099,98.762177,98.534409,95.771484,93.899826,96.712273,98.385872,101.267624,99.514809,99.772293,100.990349,99.363258,104.074059,111.462578,111.849358,109.945213,110.034454,107.931969,105.264153,107.505501,108.249321,100.186394,98.04422,95.802872,96.933861,96.069801,93.656387,91.99778,91.471405,90.061104,87.101425,93.775558,87.905914,91.749489,101.045609,102.326797,105.909668,106.74501,108.624535,108.694153,108.723991,108.992477,112.304024,111.249908,115.466408,117.892883,118.857491,120.299461,117.485138,116.311691,114.14135,115.674522,110.885849,113.056183,113.942238,113.026314,114.031845,116.480919,114.688904,116.928925,115.843765,110.368164,111.413513,105.665016,108.725311,108.95459,107.459328,111.257286,113.410454,105.854416,106.831314,103.202812,102.176071,94.181419,86.735023,86.824745,85.656006,84.238228,88.860992,87.612946,84.597664,77.878174,80.084724,77.159294,87.844658,88.273994,84.389969,84.679527,88.623451,87.68,93.849998,89.480003,82.300003,82.639999,80.25,84.559998,82.239998,84.309998,80.910004,98.38,105.440002,107.809998],"pressureRange":[-1.968959,1.968959],"priceRange":[64.106438,120.299461],"zones":{"accumulationBoundary":0.119088,"distributionBoundary":0.880912},"latest":1.348194,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Sustained positive support","detail":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","annotations":[{"label":"Current tape relationship","value":"Sustained positive support","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.4,"forwardCorrelation":0.04,"directionalAgreement":54.5,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":10.0,"medianWeeksInZone":10,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-0.9,"averageReturn":-0.9,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":14.7,"averageReturn":14.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":30.0,"averageReturn":30.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.6,"sample":1},{"week":2,"averageReturn":5.3,"sample":1},{"week":3,"averageReturn":2.1,"sample":1},{"week":4,"averageReturn":-0.9,"sample":1},{"week":5,"averageReturn":0.8,"sample":1},{"week":6,"averageReturn":7.2,"sample":1},{"week":7,"averageReturn":5.8,"sample":1},{"week":8,"averageReturn":4.2,"sample":1},{"week":9,"averageReturn":4.6,"sample":1},{"week":10,"averageReturn":9.4,"sample":1},{"week":11,"averageReturn":14.4,"sample":1},{"week":12,"averageReturn":14.7,"sample":1},{"week":13,"averageReturn":16.8,"sample":1},{"week":14,"averageReturn":15.6,"sample":1},{"week":15,"averageReturn":17.4,"sample":1},{"week":16,"averageReturn":16.5,"sample":1},{"week":17,"averageReturn":15.5,"sample":1},{"week":18,"averageReturn":15.4,"sample":1},{"week":19,"averageReturn":14.4,"sample":1},{"week":20,"averageReturn":19.2,"sample":1},{"week":21,"averageReturn":24.7,"sample":1},{"week":22,"averageReturn":25.6,"sample":1},{"week":23,"averageReturn":29.9,"sample":1},{"week":24,"averageReturn":32.6,"sample":1},{"week":25,"averageReturn":27.4,"sample":1},{"week":26,"averageReturn":30.0,"sample":1}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":4.7,"medianWeeksInZone":5,"averageWeeksToLower":4.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":0,"expectedPercent":0.0,"medianReturn":1.6,"averageReturn":1.3,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-1.2,"averageReturn":-2.5,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-25.8,"averageReturn":-21.0,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.1,"sample":3},{"week":2,"averageReturn":1.2,"sample":3},{"week":3,"averageReturn":3.0,"sample":3},{"week":4,"averageReturn":1.3,"sample":3},{"week":5,"averageReturn":0.0,"sample":3},{"week":6,"averageReturn":-0.6,"sample":3},{"week":7,"averageReturn":-3.4,"sample":3},{"week":8,"averageReturn":-3.6,"sample":3},{"week":9,"averageReturn":-4.6,"sample":3},{"week":10,"averageReturn":-3.9,"sample":3},{"week":11,"averageReturn":-3.0,"sample":3},{"week":12,"averageReturn":-2.5,"sample":3},{"week":13,"averageReturn":-2.9,"sample":3},{"week":14,"averageReturn":-2.5,"sample":3},{"week":15,"averageReturn":-5.1,"sample":3},{"week":16,"averageReturn":-5.4,"sample":3},{"week":17,"averageReturn":-10.4,"sample":3},{"week":18,"averageReturn":-12.6,"sample":3},{"week":19,"averageReturn":-16.6,"sample":3},{"week":20,"averageReturn":-18.2,"sample":3},{"week":21,"averageReturn":-18.5,"sample":3},{"week":22,"averageReturn":-17.9,"sample":3},{"week":23,"averageReturn":-17.6,"sample":3},{"week":24,"averageReturn":-16.5,"sample":3},{"week":25,"averageReturn":-21.0,"sample":3},{"week":26,"averageReturn":-21.0,"sample":3}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":24,"completedEpisodes":22,"activeEpisodes":2,"medianExpectedMove":12.6,"averageExpectedMove":10.8,"averageWeeksToLargestMove":8.1,"horizons":[{"weeks":4,"sample":24,"expectedCount":16,"expectedPercent":66.7,"averageReturn":3.1,"medianReturn":3.5,"confidenceLow":46.7,"confidenceHigh":82.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":22,"expectedCount":15,"expectedPercent":68.2,"averageReturn":4.2,"medianReturn":7.8,"confidenceLow":47.3,"confidenceHigh":83.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":21,"expectedCount":16,"expectedPercent":76.2,"averageReturn":8.3,"medianReturn":10.2,"confidenceLow":54.9,"confidenceHigh":89.4,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":24},{"week":2,"averageReturn":1.4,"sample":24},{"week":3,"averageReturn":2.5,"sample":24},{"week":4,"averageReturn":3.1,"sample":24},{"week":5,"averageReturn":1.0,"sample":23},{"week":6,"averageReturn":2.3,"sample":23},{"week":7,"averageReturn":2.4,"sample":23},{"week":8,"averageReturn":2.8,"sample":23},{"week":9,"averageReturn":3.7,"sample":23},{"week":10,"averageReturn":4.3,"sample":23},{"week":11,"averageReturn":4.4,"sample":23},{"week":12,"averageReturn":4.2,"sample":22},{"week":13,"averageReturn":5.3,"sample":22},{"week":14,"averageReturn":4.8,"sample":22},{"week":15,"averageReturn":4.3,"sample":21},{"week":16,"averageReturn":4.2,"sample":21},{"week":17,"averageReturn":3.7,"sample":21},{"week":18,"averageReturn":3.8,"sample":21},{"week":19,"averageReturn":4.9,"sample":21},{"week":20,"averageReturn":4.3,"sample":21},{"week":21,"averageReturn":4.4,"sample":21},{"week":22,"averageReturn":5.5,"sample":21},{"week":23,"averageReturn":5.6,"sample":21},{"week":24,"averageReturn":6.5,"sample":21},{"week":25,"averageReturn":6.9,"sample":21},{"week":26,"averageReturn":8.3,"sample":21}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":18,"completedEpisodes":17,"activeEpisodes":1,"medianExpectedMove":6.5,"averageExpectedMove":8.1,"averageWeeksToLargestMove":5.2,"horizons":[{"weeks":4,"sample":18,"expectedCount":6,"expectedPercent":33.3,"averageReturn":2.6,"medianReturn":3.5,"confidenceLow":16.3,"confidenceHigh":56.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":7,"expectedPercent":41.2,"averageReturn":2.2,"medianReturn":3.1,"confidenceLow":21.6,"confidenceHigh":64.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":7,"expectedPercent":43.8,"averageReturn":4.4,"medianReturn":2.0,"confidenceLow":23.1,"confidenceHigh":66.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":18},{"week":2,"averageReturn":1.0,"sample":18},{"week":3,"averageReturn":0.6,"sample":18},{"week":4,"averageReturn":2.6,"sample":18},{"week":5,"averageReturn":1.9,"sample":18},{"week":6,"averageReturn":3.3,"sample":18},{"week":7,"averageReturn":2.6,"sample":17},{"week":8,"averageReturn":2.2,"sample":17},{"week":9,"averageReturn":3.9,"sample":17},{"week":10,"averageReturn":2.8,"sample":17},{"week":11,"averageReturn":2.7,"sample":17},{"week":12,"averageReturn":2.2,"sample":17},{"week":13,"averageReturn":2.9,"sample":17},{"week":14,"averageReturn":3.2,"sample":17},{"week":15,"averageReturn":5.3,"sample":17},{"week":16,"averageReturn":4.5,"sample":17},{"week":17,"averageReturn":4.4,"sample":17},{"week":18,"averageReturn":3.7,"sample":17},{"week":19,"averageReturn":5.4,"sample":17},{"week":20,"averageReturn":5.3,"sample":17},{"week":21,"averageReturn":4.5,"sample":17},{"week":22,"averageReturn":3.1,"sample":16},{"week":23,"averageReturn":3.1,"sample":16},{"week":24,"averageReturn":3.7,"sample":16},{"week":25,"averageReturn":3.7,"sample":16},{"week":26,"averageReturn":4.4,"sample":16}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":17,"completedEpisodes":17,"activeEpisodes":0,"medianExpectedMove":6.3,"averageExpectedMove":8.0,"averageWeeksToLargestMove":4.7,"horizons":[{"weeks":4,"sample":17,"expectedCount":8,"expectedPercent":47.1,"averageReturn":1.2,"medianReturn":0.9,"confidenceLow":26.2,"confidenceHigh":69.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":5,"expectedPercent":29.4,"averageReturn":4.8,"medianReturn":5.6,"confidenceLow":13.3,"confidenceHigh":53.1,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":7,"expectedPercent":46.7,"averageReturn":4.3,"medianReturn":2.6,"confidenceLow":24.8,"confidenceHigh":69.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.8,"sample":17},{"week":2,"averageReturn":-0.5,"sample":17},{"week":3,"averageReturn":1.2,"sample":17},{"week":4,"averageReturn":1.2,"sample":17},{"week":5,"averageReturn":2.6,"sample":17},{"week":6,"averageReturn":4.4,"sample":17},{"week":7,"averageReturn":3.7,"sample":17},{"week":8,"averageReturn":2.6,"sample":17},{"week":9,"averageReturn":3.2,"sample":17},{"week":10,"averageReturn":3.1,"sample":17},{"week":11,"averageReturn":3.5,"sample":17},{"week":12,"averageReturn":4.8,"sample":17},{"week":13,"averageReturn":4.7,"sample":17},{"week":14,"averageReturn":4.2,"sample":17},{"week":15,"averageReturn":5.7,"sample":17},{"week":16,"averageReturn":5.6,"sample":17},{"week":17,"averageReturn":5.4,"sample":17},{"week":18,"averageReturn":4.7,"sample":16},{"week":19,"averageReturn":3.9,"sample":16},{"week":20,"averageReturn":2.9,"sample":16},{"week":21,"averageReturn":6.1,"sample":16},{"week":22,"averageReturn":5.9,"sample":16},{"week":23,"averageReturn":6.6,"sample":16},{"week":24,"averageReturn":5.5,"sample":15},{"week":25,"averageReturn":3.7,"sample":15},{"week":26,"averageReturn":4.3,"sample":15}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":24,"completedEpisodes":22,"activeEpisodes":2,"medianExpectedMove":8.3,"averageExpectedMove":11.4,"averageWeeksToLargestMove":7.3,"horizons":[{"weeks":4,"sample":24,"expectedCount":13,"expectedPercent":54.2,"averageReturn":2.3,"medianReturn":2.0,"confidenceLow":35.1,"confidenceHigh":72.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":22,"expectedCount":14,"expectedPercent":63.6,"averageReturn":4.5,"medianReturn":3.3,"confidenceLow":43.0,"confidenceHigh":80.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":21,"expectedCount":15,"expectedPercent":71.4,"averageReturn":7.6,"medianReturn":13.9,"confidenceLow":50.0,"confidenceHigh":86.2,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.1,"sample":24},{"week":2,"averageReturn":1.7,"sample":24},{"week":3,"averageReturn":2.4,"sample":24},{"week":4,"averageReturn":2.3,"sample":24},{"week":5,"averageReturn":2.7,"sample":24},{"week":6,"averageReturn":1.5,"sample":23},{"week":7,"averageReturn":4.0,"sample":23},{"week":8,"averageReturn":4.0,"sample":23},{"week":9,"averageReturn":4.2,"sample":23},{"week":10,"averageReturn":3.8,"sample":22},{"week":11,"averageReturn":4.0,"sample":22},{"week":12,"averageReturn":4.5,"sample":22},{"week":13,"averageReturn":3.9,"sample":21},{"week":14,"averageReturn":4.1,"sample":21},{"week":15,"averageReturn":3.8,"sample":21},{"week":16,"averageReturn":4.2,"sample":21},{"week":17,"averageReturn":4.7,"sample":21},{"week":18,"averageReturn":4.6,"sample":21},{"week":19,"averageReturn":4.6,"sample":21},{"week":20,"averageReturn":5.4,"sample":21},{"week":21,"averageReturn":5.7,"sample":21},{"week":22,"averageReturn":5.4,"sample":21},{"week":23,"averageReturn":6.1,"sample":21},{"week":24,"averageReturn":6.9,"sample":21},{"week":25,"averageReturn":7.7,"sample":21},{"week":26,"averageReturn":7.6,"sample":21}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":7.3,"averageExpectedMove":7.3,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.1,"medianReturn":1.1,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-3.1,"medianReturn":-3.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-27.8,"medianReturn":-27.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.7,"sample":2},{"week":2,"averageReturn":0.3,"sample":2},{"week":3,"averageReturn":2.4,"sample":2},{"week":4,"averageReturn":1.1,"sample":2},{"week":5,"averageReturn":-0.3,"sample":2},{"week":6,"averageReturn":-0.3,"sample":2},{"week":7,"averageReturn":-5.2,"sample":2},{"week":8,"averageReturn":-3.4,"sample":2},{"week":9,"averageReturn":-5.9,"sample":2},{"week":10,"averageReturn":-5.2,"sample":2},{"week":11,"averageReturn":-3.4,"sample":2},{"week":12,"averageReturn":-3.1,"sample":2},{"week":13,"averageReturn":-4.8,"sample":2},{"week":14,"averageReturn":-3.4,"sample":2},{"week":15,"averageReturn":-8.3,"sample":2},{"week":16,"averageReturn":-8.3,"sample":2},{"week":17,"averageReturn":-13.4,"sample":2},{"week":18,"averageReturn":-17.1,"sample":2},{"week":19,"averageReturn":-20.6,"sample":2},{"week":20,"averageReturn":-24.4,"sample":2},{"week":21,"averageReturn":-25.0,"sample":2},{"week":22,"averageReturn":-23.4,"sample":2},{"week":23,"averageReturn":-24.6,"sample":2},{"week":24,"averageReturn":-23.9,"sample":2},{"week":25,"averageReturn":-27.4,"sample":2},{"week":26,"averageReturn":-27.8,"sample":2}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":68.2,"averageReturn":4.2,"sample":22},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 68.2% of comparable cases moved higher after 12 weeks, with an average move of 4.2% across 22 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 3 cases. Distinct visits lasted 4.7 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 11.4% across 22 completed cases, with the largest move arriving after 7.3 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":[],"distribution_rollovers":[{"date":"2025-09-05","price":110.885849},{"date":"2025-09-26","price":113.026314},{"date":"2025-11-07","price":110.368164}],"price_pressure_gaps":[{"date":"2025-09-19","price":113.942238},{"date":"2025-10-03","price":114.031845}]}},"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":[94.3851,96.336,92.4441,98.7622,98.5344,95.7715,93.8998,96.7123,98.3859,101.2676,99.5148,99.7723,100.9903,99.3633,104.0741,111.4626,111.8494,109.9452,110.0345,107.932,105.2642,107.5055,108.2493,100.1864,98.0442,95.8029,96.9339,96.0698,93.6564,91.9978,91.4714,90.0611,87.1014,93.7756,87.9059,91.7495,101.0456,102.3268,105.9097,106.745,108.6245,108.6942,108.724,108.9925,112.304,111.2499,115.4664,117.8929,118.8575,120.2995,117.4851,116.3117,114.1414,115.6745,110.8858,113.0562,113.9422,113.0263,114.0318,116.4809,114.6889,116.9289,115.8438,110.3682,111.4135,105.665,108.7253,108.9546,107.4593,111.2573,113.4105,105.8544,106.8313,103.2028,102.1761,94.1814,86.735,86.8247,85.656,84.2382,88.861,87.6129,84.5977,77.8782,80.0847,77.1593,87.8447,88.274,84.39,84.6795,88.6235,87.68,93.85,89.48,82.3,82.64,80.25,84.56,82.24,84.31,80.91,98.38,105.44,107.81],"consensus":[-18.7465,17.7416,-41.3516,48.7631,14.1755,-27.6843,-25.8808,20.4898,23.8879,51.1133,0.0,20.066,22.2761,0.0,48.9257,73.6828,44.3093,15.7301,21.2669,0.0,-25.9565,20.0722,13.7511,-59.6609,-51.9698,-59.9639,-24.5064,-31.9835,-48.1416,-44.917,-31.6015,-57.9596,-61.6268,30.6615,-57.9351,21.572,58.8,37.6504,52.4782,42.3551,51.8471,38.3025,28.7351,32.7339,57.6751,18.335,62.4412,55.8508,51.0424,37.5571,0.0,0.0,-21.5057,22.4789,-44.0601,0.0,18.0072,-13.0062,15.043,33.0317,-14.5321,38.657,-8.3505,-55.5636,0.0,-68.3153,0.0,-8.497,-38.5986,31.7204,35.5481,-54.2243,-12.3196,-53.8257,-32.7481,-71.3448,-78.424,-48.0688,-57.1325,-53.0096,10.2952,-27.8429,-52.5889,-77.5713,-19.0249,-66.7851,40.7193,17.1509,-25.4186,0.0,30.2516,0.0,58.532,0.0,-37.7199,-8.0609,-23.5414,0.0,-19.7822,14.1721,-30.511,71.9202,73.9616,55.256],"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":[-19.9101,37.6178,-42.7969,0.0,27.1041,-7.5764,12.2714,28.4155,-21.1349,39.1812,-11.6223,-47.3692,0.0,-62.769,0.0,-2.4311,-36.4459,29.8374,41.2417,-58.4964,-13.1872,-50.025,-19.6391,-65.6747,-78.0306,-48.2791,-60.3548,-46.629,6.3714,-30.7251,-61.4278,-81.2931,-8.8101,-71.1536,38.8199,11.005,-34.3298,0.0,32.3493,0.0,56.8712,0.0,-41.4648,-2.9556,-14.4423,0.0,-27.2721,11.6776,-39.6531,64.2864,71.5985,51.6664],"force":[-47.6259,27.9494,-63.2343,0.0,26.4236,-19.5363,21.799,47.9618,-32.8425,50.238,-34.4907,-87.3342,0.0,-91.8541,0.0,-9.1556,-39.4152,61.2069,40.8783,-65.9799,-8.8075,-60.9489,-23.1592,-90.3666,-90.2173,-17.5514,-33.8719,-41.5152,75.841,-11.9163,-48.3977,-91.3964,-24.16,-64.085,89.7265,20.6833,-42.9774,0.0,49.0115,0.0,72.0167,0.0,-34.9769,-8.0609,-9.2965,0.0,-14.699,32.7431,-37.184,99.3832,85.6655,38.9169],"direction":[-4.672,1.2698,-31.8078,0.0,1.599,-14.5473,13.3848,27.6429,-6.093,29.7858,-14.0601,-42.2353,0.0,-57.8406,0.0,-28.0385,-40.4756,12.8106,25.2338,-40.945,-26.4188,-53.0813,-54.5789,-64.238,-70.4498,-69.6266,-70.0645,-68.512,32.0391,-35.925,-45.4809,-63.4429,-61.5453,-63.7212,7.8848,21.6515,-2.6925,0.0,14.4542,0.0,50.7982,0.0,-35.3993,-32.1668,-44.1152,0.0,-14.8532,3.7579,-15.2964,61.0282,68.3024,71.0291],"intensity":[26.9231,17.3077,76.9231,38.4615,7.6923,9.6154,15.3846,57.6923,25.0,38.4615,82.6923,86.5385,69.2308,76.9231,55.7692,1.9231,42.3077,65.3846,76.9231,88.4615,50.0,55.7692,69.2308,92.3077,96.1538,44.2308,57.6923,44.2308,71.1538,40.3846,40.3846,82.6923,59.6154,38.4615,98.0769,86.5385,59.6154,19.2308,61.5385,59.6154,78.8462,65.3846,90.3846,5.7692,69.2308,80.7692,25.0,30.7692,42.3077,100.0,100.0,75.0],"confirmation":[53.0355,52.4626,82.7028,27.8829,51.2135,49.7771,73.0619,79.0955,51.7409,80.7152,29.0851,86.8735,5.0636,90.6628,35.0944,4.2267,80.4092,79.0779,79.4511,85.6449,27.8308,85.4992,78.3869,91.4965,93.4611,82.4488,85.5244,84.71,12.1868,76.3804,84.566,93.1874,32.7483,89.2224,59.886,73.6896,53.8666,2.9554,78.2203,25.5715,87.1665,30.017,79.9297,4.6062,75.2378,3.5121,74.0613,50.4724,77.8276,91.9678,92.0604,93.2387],"persistence":[50.0,50.0,25.0,12.5,12.5,12.5,0.0,12.5,12.5,12.5,12.5,0.0,12.5,12.5,25.0,50.0,50.0,50.0,25.0,25.0,37.5,37.5,50.0,50.0,50.0,75.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,50.0,37.5,12.5,0.0,25.0,37.5,12.5,12.5,12.5,12.5,37.5,25.0,50.0,37.5,12.5,12.5],"assessmentRisk":[38.3536,60.2955,27.519,46.2758,12.9676,33.7829,35.9433,29.3765,24.2309,27.8936,38.461,21.495,39.6863,15.804,51.486,19.6434,25.8783,32.1564,28.3218,8.1512,2.8315,22.0538,33.4875,14.0874,10.7831,25.9374,21.4149,23.0863,19.2458,23.678,12.3341,8.1855,39.726,16.3508,8.7066,40.002,49.5178,47.7991,6.1392,4.4762,19.2132,41.2802,23.886,34.6044,37.9642,38.1722,9.2475,14.2942,23.9897,13.0847,12.9659,22.3256],"volumeParticipation":true,"latest":{"consensus":55.3,"control":51.7,"force":38.9,"direction":71.0,"confirmation":93.2,"persistence":12.5,"assessmentRisk":22.3,"intensity":75.0,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+55.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+51.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+38.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+71.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"93/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"64.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"25.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"96%","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 upward.","series":[{"label":"Close","values":[94.3851,96.336,92.4441,98.7622,98.5344,95.7715,93.8998,96.7123,98.3859,101.2676,99.5148,99.7723,100.9903,99.3633,104.0741,111.4626,111.8494,109.9452,110.0345,107.932,105.2642,107.5055,108.2493,100.1864,98.0442,95.8029,96.9339,96.0698,93.6564,91.9978,91.4714,90.0611,87.1014,93.7756,87.9059,91.7495,101.0456,102.3268,105.9097,106.745,108.6245,108.6942,108.724,108.9925,112.304,111.2499,115.4664,117.8929,118.8575,120.2995,117.4851,116.3117,114.1414,115.6745,110.8858,113.0562,113.9422,113.0263,114.0318,116.4809,114.6889,116.9289,115.8438,110.3682,111.4135,105.665,108.7253,108.9546,107.4593,111.2573,113.4105,105.8544,106.8313,103.2028,102.1761,94.1814,86.735,86.8247,85.656,84.2382,88.861,87.6129,84.5977,77.8782,80.0847,77.1593,87.8447,88.274,84.39,84.6795,88.6235,87.68,93.85,89.48,82.3,82.64,80.25,84.56,82.24,84.31,80.91,98.38,105.44,107.81],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[96.0074,96.0671,95.4084,96.0182,96.4757,96.3476,95.9026,96.0498,96.4745,97.346,97.7403,98.1098,98.6335,98.7662,99.7313,101.8642,103.6797,104.8189,105.7672,106.1608,105.9978,106.2719,106.6314,105.4596,104.1113,102.6007,101.5704,100.5703,99.3132,97.9831,96.7992,95.5741,94.0336,93.9867,92.8811,92.6753,94.1972,95.6753,97.5361,99.2105,100.9221,102.3352,103.4968,104.496,105.9157,106.8855,108.4457,110.1634,111.7441,113.2996,114.0606,114.4699,114.4102,114.6401,113.9575,113.7936,113.8206,113.6762,113.7409,114.2391,114.3208,114.795,114.9857,114.1462,113.6493,112.1976,111.5663,111.0914,110.4311,110.5813,111.0957,110.1427,109.5406,108.3883,107.2588,104.8811,101.5818,98.8987,96.4909,94.2632,93.281,92.2504,90.859,88.4989,86.969,85.1854,85.6689,86.1426,85.8239,85.6158,86.1627,86.4386,87.7861,88.0941,87.0406,86.2405,85.1513,85.0438,84.534,84.4933,83.8418,86.4851,89.9314,93.1821],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[92.1048,92.4182,92.4201,92.8899,93.308,93.4905,93.5208,93.7572,94.1001,94.631,94.9928,95.3468,95.7649,96.0314,96.6272,97.7261,98.7722,99.5999,100.3728,100.9327,101.2536,101.7167,102.2006,102.0514,101.7546,101.3137,100.9893,100.6249,100.1087,99.5079,98.9126,98.2569,97.4306,97.1598,96.4744,96.1244,96.4889,96.9213,97.5871,98.2655,99.0328,99.7485,100.4133,101.0488,101.8826,102.5764,103.5312,104.5951,105.6515,106.7366,107.5328,108.1831,108.6244,109.1466,109.2755,109.5555,109.8805,110.1135,110.4037,110.8539,111.138,111.5669,111.8837,111.7715,111.745,111.2946,111.1043,110.945,110.6868,110.7291,110.9277,110.5519,110.2763,109.7523,109.1911,108.0793,106.4983,105.041,103.605,102.1705,101.1846,100.1793,99.0251,97.4586,96.1717,94.7634,94.2509,93.8081,93.1105,92.486,92.1999,91.8651,92.0121,91.8245,91.119,90.4909,89.7323,89.3492,88.8226,88.4883,87.927,88.7013,89.9412,91.2648],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[106.1295,106.2688,105.8818,106.1293,105.7415,105.4074,104.9353,104.849,104.501,104.7879,104.9223,104.787,104.3221,103.1219,103.754,106.678,109.2153,110.8839,112.1628,112.9499,113.2123,113.7757,113.9436,113.923,113.941,113.9384,113.6554,113.7057,114.0774,114.5728,115.0329,115.536,116.1959,116.2152,116.2475,114.6933,113.0358,111.7972,110.9725,110.7388,111.3724,111.6108,111.7077,112.9537,114.8865,116.4453,118.6497,121.0862,123.3247,125.398,126.541,127.0207,126.3364,126.3607,124.2803,122.2357,121.6926,121.0054,120.7531,120.7099,120.5961,120.6138,120.3761,120.1765,120.2353,121.1443,121.2779,120.9924,120.5475,119.3807,118.8284,118.7188,118.6597,118.7133,119.2161,120.8013,123.1085,124.3438,124.9403,124.7666,123.8699,122.3278,120.843,120.6358,119.4943,119.1323,117.4329,115.4808,113.5981,110.5435,106.3318,103.6372,100.7306,97.9919,94.6874,93.3702,93.3386,93.192,93.1045,93.107,92.6672,95.1453,99.5365,103.4928],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[82.291,82.9127,84.0132,84.7475,86.4866,87.5835,88.6325,89.2169,90.4529,90.9881,91.0566,91.0782,91.2872,91.8976,91.5484,89.6837,88.4511,88.1875,88.651,89.1938,90.0194,90.5729,91.9855,92.1485,92.0815,92.0872,92.6736,92.5591,91.7145,90.2921,89.0276,87.5534,85.5046,84.9266,83.2774,82.8604,83.4374,83.9142,84.3264,84.4414,84.1438,84.0244,83.9749,83.6095,83.1027,83.0886,82.7375,82.4833,82.7648,83.5218,84.9801,87.1254,90.5137,92.6793,97.0577,101.233,103.0658,104.8229,105.8875,106.9042,107.6245,108.4303,109.38,109.7171,109.5692,108.1018,107.2941,106.6857,105.9908,106.2534,106.3982,105.4621,104.7902,103.4894,102.1157,98.643,93.6151,89.7596,86.3255,83.2749,81.5889,80.1993,78.5595,75.5177,73.5263,71.0378,70.6491,70.5331,70.1089,70.5057,72.2387,73.1159,74.7244,76.0908,77.4077,77.5708,76.9538,76.874,76.6199,76.6245,76.2692,74.8678,72.5609,71.5978],"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":[4.8818,6.2918,2.7983,9.0195,11.3009,6.3332,4.6867,8.8463,9.8119,12.9786,12.0046,12.0318,12.8206,9.353,16.9093,23.9656,24.658,23.9379,24.7455,23.0252,18.7428,17.0642,17.0197,4.7816,3.4822,-1.9867,-0.2619,2.0124,-2.5542,-7.2831,-10.1646,-11.2681,-11.015,-4.5876,-11.9091,-11.4813,-3.0063,-2.9104,-1.6216,0.044,2.2461,2.9351,2.1862,2.6044,5.9549,1.6582,9.4406,13.8263,14.3095,16.2257,10.1825,8.3501,4.7386,3.2774,-2.0585,-0.0345,-1.8024,-2.4428,-0.9118,3.5401,-0.0961,-0.1258,-3.2765,-10.4164,-11.4961,-14.273,-13.8749,-12.3501,-14.9049,-10.1864,-9.3591,-14.6794,-14.8934,-17.9792,-24.5841,-30.9631,-36.4648,-37.1415,-38.8153,-38.7322,-31.5163,-31.426,-32.8683,-39.6052,-39.6163,-44.0317,-35.3554,-32.9351,-34.1677,-32.2385,-25.8041,-25.5582,-18.6176,-19.5904,-26.2855,-24.1773,-27.6055,-23.4495,-26.1934,-21.5677,-23.8663,-8.4602,2.0519,8.5555],"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":"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":[50.1012,57.3672,40.0954,64.1765,63.2719,52.2993,44.8663,56.0355,62.682,73.6931,63.8782,62.0381,66.7422,58.7753,81.0043,98.4552,93.1434,75.4142,75.7739,67.2989,56.5451,65.5798,68.5781,36.0769,26.5932,14.5188,19.295,15.6461,5.2539,6.7047,8.0633,2.7869,4.8952,30.0886,11.6613,23.7279,52.9123,56.9345,68.1826,70.8051,76.7057,76.9243,77.018,87.0487,95.2171,91.6468,96.2067,97.6938,98.4467,77.868,71.7988,69.2683,64.5879,67.8942,57.5673,62.2477,64.1585,62.1833,64.3517,68.5138,64.5068,66.2391,51.2824,26.1415,23.8613,1.6538,16.9471,17.8191,12.1322,26.577,34.7662,6.0282,9.7436,5.5734,15.4412,9.3388,3.4865,3.719,0.691,4.7606,15.8368,12.8465,5.6218,0.1082,4.8885,0.0,22.8182,23.7351,18.3051,20.7448,31.6242,29.0217,46.0418,33.9871,14.1808,15.1187,10.0407,24.0975,18.3179,27.6851,15.4764,100.0,94.2484,96.0899],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-12.4302,-10.6201,-14.231,-8.3691,-8.5804,-11.1439,-12.8804,-10.271,-8.7182,-6.0446,-7.6708,-7.4319,-6.3018,-7.8114,-3.4408,-0.2839,-1.3385,-5.256,-5.1791,-6.9909,-9.2898,-7.3584,-6.7174,-13.6655,-15.5115,-17.443,-16.4684,-17.2129,-19.2927,-20.722,-21.1756,-22.3909,-24.9413,-19.19,-24.2481,-20.9359,-12.9251,-11.821,-8.7336,-8.0137,-6.394,-6.3341,-6.3083,-3.2747,-1.2418,-2.1688,-1.0567,-0.6703,-0.4581,-7.8605,-10.016,-10.9148,-12.5771,-11.4028,-15.0705,-13.4082,-12.7296,-13.4311,-12.6609,-10.7851,-12.1577,-10.442,-11.2732,-15.467,-14.6664,-19.0692,-16.7253,-16.5497,-17.6949,-14.786,-13.1369,-18.9242,-18.176,-20.9551,-21.7415,-24.0396,-30.0453,-29.973,-30.9156,-32.0591,-28.3307,-29.3373,-31.7692,-37.1887,-35.409,-37.7685,-29.1504,-28.8041,-27.6617,-25.3336,-21.856,-22.6879,-17.2475,-21.1007,-27.4317,-27.1319,-28.9521,-22.8695,-23.419,-19.2811,-22.5363,0.0,-1.6418,-1.1643],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[16.621,19.0315,12.4929,19.5633,19.2876,15.9427,13.6769,17.0817,19.1078,21.9838,17.2225,15.1019,15.6032,13.7406,17.9182,22.1689,22.5929,20.5058,20.6036,18.2992,15.3751,17.8318,18.647,9.8096,7.1249,3.7222,4.9467,4.0112,1.3434,1.9144,2.413,0.834,1.7401,11.3837,4.4119,8.9772,20.0189,21.5406,25.7963,26.7884,29.0209,29.1036,29.139,29.4579,33.3913,32.1392,37.1475,40.0295,41.1753,42.888,39.5452,38.1515,35.5736,37.3946,31.7068,34.2847,35.3371,34.2492,35.4435,35.6952,33.6076,29.6613,15.4393,6.9245,5.6929,0.3978,4.2734,4.4933,3.0593,6.7017,8.7667,1.5201,2.457,1.5896,5.3443,3.3698,1.576,1.6811,0.3124,2.4156,8.0359,6.5186,2.8526,0.0641,2.8993,0.0,13.8484,14.4049,9.3711,9.7464,14.8578,13.635,21.6315,15.9679,6.6625,7.1031,4.765,10.3916,7.3629,10.0653,5.6266,28.4334,37.6501,40.7441],"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":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[3.6622,3.4363,2.9097,2.968,2.9617,2.7025,2.3194,2.2172,2.2453,2.4716,2.481,2.4806,2.5491,2.444,2.7096,3.4762,4.068,4.3335,4.4992,4.41,4.0771,3.9486,3.8622,3.1073,2.3096,1.4795,0.9025,0.3712,-0.2418,-0.8516,-1.3617,-1.8583,-2.4623,-2.375,-2.7479,-2.702,-1.8937,-1.1367,-0.2448,0.5234,1.2692,1.8447,2.2769,2.611,3.1071,3.3764,3.8852,4.4331,4.8888,5.3052,5.3465,5.2242,4.8958,4.705,4.1199,3.7877,3.5549,3.2589,3.0701,3.0826,2.9143,2.9279,2.8186,2.2641,1.8872,1.1119,0.7358,0.4512,0.1037,0.1332,0.3266,-0.1283,-0.4054,-0.9073,-1.3721,-2.3583,-3.6982,-4.6986,-5.5222,-6.2175,-6.3227,-6.4326,-6.686,-7.3443,-7.6003,-7.9477,-7.2769,-6.6342,-6.3648,-6.0582,-5.4343,-4.9588,-4.0376,-3.6184,-3.8215,-3.91,-4.1254,-3.9033,-3.8699,-3.6345,-3.6799,-2.2799,-0.5939,0.9229],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[4.7527,4.4895,4.1735,3.9324,3.7383,3.5311,3.2888,3.0745,2.9086,2.8212,2.7532,2.6987,2.6688,2.6238,2.641,2.808,3.06,3.3147,3.5516,3.7233,3.794,3.8249,3.8324,3.6874,3.4118,3.0254,2.6008,2.1549,1.6756,1.1701,0.6638,0.1594,-0.365,-0.767,-1.1632,-1.4709,-1.5555,-1.4717,-1.2264,-0.8764,-0.4473,0.0111,0.4643,0.8936,1.3363,1.7443,2.1725,2.6246,3.0775,3.523,3.8877,4.155,4.3032,4.3835,4.3308,4.2222,4.0887,3.9228,3.7522,3.6183,3.4775,3.3676,3.2578,3.059,2.8247,2.4821,2.1329,1.7965,1.4579,1.193,1.0197,0.7901,0.551,0.2594,-0.0669,-0.5252,-1.1598,-1.8676,-2.5985,-3.3223,-3.9224,-4.4244,-4.8767,-5.3702,-5.8163,-6.2426,-6.4494,-6.4864,-6.4621,-6.3813,-6.1919,-5.9453,-5.5637,-5.1747,-4.904,-4.7052,-4.5892,-4.4521,-4.3356,-4.1954,-4.0923,-3.7298,-3.1026,-2.2975],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[-1.0905,-1.0531,-1.2638,-0.9644,-0.7766,-0.8286,-0.9694,-0.8573,-0.6633,-0.3496,-0.2722,-0.2181,-0.1196,-0.1798,0.0686,0.6682,1.008,1.0188,0.9476,0.6867,0.283,0.1236,0.0298,-0.58,-1.1022,-1.5458,-1.6983,-1.7837,-1.9173,-2.0217,-2.0254,-2.0176,-2.0973,-1.6081,-1.5847,-1.2311,-0.3383,0.335,0.9815,1.3998,1.7165,1.8336,1.8126,1.7174,1.7708,1.632,1.7127,1.8085,1.8114,1.7822,1.4588,1.0692,0.5926,0.3215,-0.2109,-0.4345,-0.5338,-0.6638,-0.6821,-0.5357,-0.5632,-0.4397,-0.4392,-0.795,-0.9375,-1.3703,-1.397,-1.3454,-1.3543,-1.0598,-0.6931,-0.9184,-0.9564,-1.1666,-1.3051,-1.8331,-2.5384,-2.8311,-2.9237,-2.8952,-2.4003,-2.0082,-1.8092,-1.974,-1.7841,-1.7052,-0.8275,-0.1478,0.0972,0.3231,0.7576,0.9865,1.5262,1.5563,1.0825,0.7952,0.4639,0.5488,0.4657,0.5609,0.4124,1.4499,2.5088,3.2205],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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":[91.1377,146.8677,71.2116,105.2655,83.4772,66.9295,87.9669,64.2356,113.3304,129.6284,194.6667,118.5006,84.9727,44.1661,72.755,88.1501,74.5059,76.1828,54.1224,67.2558,60.1857,73.8976,84.6473,207.1271,149.3995,141.8224,108.3048,90.315,48.552,306.1931,84.6208,158.1055,131.4306,209.9229,50.442,104.8292,86.6094,89.2568,63.3669,56.9817,33.4064,46.7721,29.1963,51.5193,104.5979,104.4249,192.0861,41.232,47.4787,122.6835,54.0098,40.0895,95.5178,106.8147,66.2339,61.0616,81.2785,91.3762,86.115,131.5067,59.0584,106.6792,186.6801,183.266,128.7548,145.4839,266.4043,143.6312,115.5922,91.2851,52.9547,50.0901,103.5343,118.5073,207.9599,316.8435,324.623,216.8337,56.4804,195.3383,146.9142,90.6883,95.3983,124.363,99.5969,128.1091,200.2219,85.5143,119.8385,106.8027,87.4785,99.9102,84.5298,12.2748,21.4104,5.6272,40.1777,5.001,21.1117,129.2009,84.2254,220.0577,220.2879,127.1078],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[115.527,120.9407,118.3099,122.2528,119.1083,116.5612,113.1965,115.6317,119.9441,124.9142,117.1942,121.97,125.4159,123.6488,126.544,130.0231,132.9687,130.0049,131.9795,129.6157,127.534,129.9803,132.7899,125.5761,120.2066,114.9147,118.9946,115.5467,113.7543,101.3056,98.0543,91.868,86.6062,95.7888,93.6002,98.2078,102.0537,106.0637,108.9392,111.5314,113.0415,115.148,116.4407,118.5915,122.9027,119.8023,128.5226,130.3568,132.474,135.0,132.9896,131.5925,128.3585,131.6648,129.6188,131.4204,133.7584,131.1946,133.5911,135.0,133.4216,135.0,129.7237,124.2158,128.0856,123.6689,131.8676,135.0,131.3038,134.1701,135.0,133.4566,135.0,131.4348,124.6442,112.6245,98.2893,108.7772,106.0222,95.7891,103.9878,98.8052,93.3164,86.0132,91.9873,84.0472,97.0222,102.626,94.492,101.9994,108.3589,100.7912,107.341,106.406,104.831,105.2122,102.7285,103.0122,101.8314,108.8498,104.4339,116.7571,129.9407,135.0],"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":"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":[-10.332,-8.4786,-12.176,-6.1737,-6.3901,-9.0149,-10.793,-8.1211,-6.5312,-3.7935,-5.4587,-5.214,-4.0569,-5.6026,-1.1273,0.0,0.0,-1.7024,-1.6226,-3.5024,-5.8876,-3.8837,-3.2186,-10.4274,-12.3426,-14.3465,-13.3353,-14.1079,-16.2656,-17.7485,-18.2191,-19.48,-22.1261,-16.1591,-21.4069,-17.9705,-9.6592,-8.5137,-5.3104,-4.5636,-2.8832,-2.8209,-2.7943,-2.5542,0.0,-0.9386,0.0,0.0,0.0,0.0,-2.3394,-3.3149,-5.119,-3.8445,-7.8251,-6.021,-5.2845,-6.0459,-5.21,-3.1742,-4.6638,-2.8018,-3.7038,-8.2555,-7.3865,-12.165,-9.6211,-9.4305,-10.6735,-7.5164,-5.7265,-12.0076,-11.1955,-14.2117,-15.0652,-21.7109,-27.9007,-27.8262,-28.7977,-29.9762,-26.1335,-27.171,-29.6774,-35.2631,-33.4289,-35.8606,-26.9783,-26.6215,-29.8501,-29.6094,-26.331,-27.1152,-21.9864,-25.6189,-31.5874,-31.3048,-33.2915,-29.7087,-31.6373,-29.9166,-32.7428,-18.2207,-12.3521,-10.382],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[13.0879,15.4253,8.7292,16.1603,15.8924,12.6428,10.4414,13.7493,15.7177,19.1071,12.917,13.2092,12.8312,11.0134,12.5805,20.573,20.9913,18.9316,19.0281,16.7538,13.8679,16.2924,17.0971,8.3751,6.0578,3.6333,4.8567,3.922,0.0,0.0,0.0,0.0,0.0,7.6625,0.9236,5.3364,16.0091,17.48,21.5935,22.5525,24.7104,24.7903,24.8246,25.1328,28.9348,27.7246,32.5655,35.3513,36.4587,38.1142,34.8831,33.5359,31.0442,32.8044,27.3066,29.7983,30.8156,29.764,29.7203,32.5064,25.0022,15.719,13.2096,4.2097,4.3735,0.0,2.8962,3.1132,1.6981,5.2925,7.3302,0.1792,1.1038,0.0,0.0,0.0,0.0,0.1034,0.0,0.0,5.4877,4.0062,0.4267,0.0,2.8333,0.0,13.8484,14.4049,9.3711,9.7464,14.8578,13.635,21.6315,15.9679,6.6625,7.1031,4.0056,9.5915,6.5847,9.2675,4.861,27.5025,36.6524,39.7239],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/a60257f6-63d8-41fd-b4d7-9e41be6f999f/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/a60257f6-63d8-41fd-b4d7-9e41be6f999f/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/a60257f6-63d8-41fd-b4d7-9e41be6f999f/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/a60257f6-63d8-41fd-b4d7-9e41be6f999f/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/a60257f6-63d8-41fd-b4d7-9e41be6f999f/technical-pack/data.json"},"source_fingerprint":"d109a09629940c5db367ef1d43ae0f7f95cb3eafa9a3c819fb4ddbe45cf3798f","content_hash":"287fe56454d4c06015c8fdeff389e592955d50c775ac0199b66490d7a4429c4f","citation":"Sharemaestro, MSFT34 Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/a60257f6-63d8-41fd-b4d7-9e41be6f999f/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."}