{"schema_version":"1.0","name":"PSN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"a8c7030f-1fa4-4aea-8b75-3799b5272a62","symbol":"PSN","name":"Persimmon Plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Consumer Cyclical","industry":"Residential Construction"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Strength versus the research benchmark, Range pressure and compression, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2024-08-16","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","2026-03-13","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":[1.314758,1.526191,1.480851,1.261485,0.985007,0.862221,0.900046,0.911326,0.64349,0.351956,-0.128858,-0.53576,-0.684663,-0.952596,-1.042725,-1.130892,-1.099173,-1.104123,-1.084798,-1.142677,-1.291201,-1.28625,-1.105432,-0.889046,-0.584335,-0.349866,-0.178167,-0.016578,0.231017,0.352357,0.322593,0.378936,0.27461,0.21306,0.190946,0.249236,0.434085,0.793845,1.196018,1.452046,1.506735,1.461566,1.2487,1.222289,1.117508,1.024863,0.842965,0.389859,0.06843,-0.436351,-0.739763,-0.909977,-0.991804,-0.945184,-0.985439,-0.960898,-0.998023,-1.023224,-0.937744,-0.723419,-0.489672,-0.108098,0.488242,0.789298,0.94574,1.098858,1.069785,1.1757,1.343329,1.34802,1.30028,1.138345,1.093057,1.128087,1.263197,1.387005,1.386025,1.506722,1.542577,1.565063,1.627186,1.062607,0.350596,-0.240484,-0.82223,-0.907642,-0.846019,-0.830718,-0.734399,-0.756802,-0.815266,-0.754478,-0.823531,-0.916907,-0.984391,-1.040299,-0.884758,-0.659802,-0.427153,-0.153668,0.02092,0.195477,0.575383,0.7522],"opens":[1588.014788,1648.458167,1698.411433,1645.460815,1591.511289,1632.473036,1657.449632,1652.454422,1662.444931,1585.516989,1661.139711,1577.208372,1451.311478,1320.918165,1273.956677,1267.961586,1219.001723,1294.439939,1254.472648,1199.018035,1178.534863,1146.561017,1064.128623,1201.516002,1231.991007,1242.482557,1231.991052,1239.485075,1204.513534,1196.020379,1186.528326,1177.036143,1191.024701,1193.022979,1122.580695,1133.072127,1217.003343,1264.464573,1354.890473,1353.391677,1363.383427,1336.905211,1328.91166,1286.946069,1388.3631,1301.815092,1349.290085,1210.862981,1199.369064,1178.881769,1197.869721,1150.394813,1144.397931,1098.422129,1140.899752,1060.442119,1102.919791,1091.425781,1106.917602,1126.407395,1149.395245,1133.903397,1172.580751,1278.042943,1209.067723,1208.567857,1252.552138,1263.548156,1329.524536,1340.020877,1306.532807,1312.030888,1323.526763,1369.010521,1396.50064,1401.498879,1410.995409,1403.498163,1415.493801,1513.458762,1535.950741,1255.551004,1191.573909,1085.611868,1072.616398,1101.106316,1136.093772,1177.079151,1112.602165,1051.623967,1112.602138,1042.627158,1119.099788,1041.3941,1014.395,1048.5,1121.0,1062.0,1042.5,1028.0,1076.0,1128.0,1126.5,1181.0],"highs":[1683.425458,1710.899776,1700.909097,1651.954778,1643.962289,1703.906267,1698.411423,1687.421565,1670.936988,1720.191067,1676.291244,1660.140576,1490.869096,1335.4063,1286.446395,1289.943583,1296.438351,1308.428463,1260.467802,1219.001744,1209.509443,1169.542196,1219.001664,1275.955015,1282.949312,1328.911625,1269.460334,1253.473621,1229.992667,1214.005648,1237.486595,1232.490631,1221.000014,1233.989392,1199.018099,1213.006506,1263.465305,1368.379306,1380.869206,1375.873266,1386.864258,1351.892937,1334.407159,1416.839657,1394.857781,1368.280181,1353.287981,1239.847732,1226.854605,1214.361122,1202.367355,1169.384823,1155.891912,1135.902344,1148.395808,1100.920842,1109.91611,1128.906167,1136.901855,1173.382567,1162.388409,1216.360099,1273.544556,1278.042943,1227.056247,1292.037942,1273.044809,1351.01693,1369.510352,1348.517839,1351.51675,1335.522461,1364.012251,1405.497446,1453.480281,1423.990837,1458.478424,1485.96866,1532.45207,1551.445204,1543.94796,1371.509606,1233.059052,1175.079881,1103.605316,1218.564227,1216.564942,1182.013422,1124.098055,1141.091977,1115.101245,1105.50478,1136.593536,1056.34,1032.2337,1048.5,1147.0,1071.0,1050.0,1111.0,1111.61,1132.5,1179.0,1207.0],"lows":[1575.526468,1646.460036,1628.976239,1563.537572,1571.529988,1628.976306,1629.475897,1606.497373,1563.537363,1578.875252,1569.714369,1447.31482,1309.927138,1229.992727,1226.995086,1239.484901,1203.514406,1256.470988,1196.020411,1178.69769,1138.567627,1055.135903,1046.14335,1191.524185,1231.491417,1223.99755,1212.507005,1196.520094,1122.580723,1149.059043,1157.052366,1175.037779,1170.041883,1157.551993,1081.114473,1121.581537,1211.008252,1260.467846,1321.917429,1330.410454,1299.935482,1306.462136,1268.46113,1283.948524,1296.817823,1294.319035,1190.873395,1183.377349,1156.391538,1161.888663,1131.904522,1139.400606,1087.927678,1091.225963,1062.44104,1029.958148,1061.441566,1084.929199,1099.421546,1122.409499,1125.407939,1133.403659,1143.091295,1205.387002,1186.575692,1205.069108,1191.074119,1244.055164,1308.032222,1288.759191,1286.707864,1307.032675,1323.526763,1342.519992,1317.52883,1378.007279,1402.498509,1394.501308,1370.010066,1492.966091,1496.464887,1163.084105,1109.60318,1068.617943,1054.622838,1068.272108,1120.72622,1104.60505,1026.632935,1040.627899,1034.130265,1011.638277,1099.106938,1030.3052,999.4491,1031.5,1097.5,1055.5,1022.844,947.4,994.0,1093.5,1103.5,1129.975],"closes":[1653.453491,1703.90625,1642.463623,1581.520752,1637.967896,1657.449707,1660.946533,1657.949341,1585.51709,1658.14209,1572.711914,1458.305786,1312.924683,1270.959106,1256.970581,1256.970581,1286.446533,1265.463623,1210.508545,1185.029541,1138.567627,1076.118652,1200.017212,1243.981201,1264.963989,1230.991821,1243.981201,1207.510986,1204.014038,1177.036133,1177.535645,1188.026978,1200.516846,1164.546265,1116.08606,1212.007324,1257.470215,1348.895264,1346.896973,1368.879028,1321.91748,1331.909302,1283.948486,1386.364624,1311.809937,1346.291748,1209.36377,1209.863403,1175.881348,1185.876099,1151.394287,1142.398926,1092.925049,1127.906616,1062.44104,1099.421631,1087.427856,1107.917114,1118.411499,1163.387939,1132.903931,1173.080566,1273.544556,1208.567871,1199.571045,1255.551025,1258.050171,1334.522827,1344.519287,1304.533569,1316.529297,1335.522461,1359.014038,1396.000854,1413.994385,1405.497437,1405.497437,1412.994751,1519.456665,1535.950806,1505.46167,1191.074097,1113.101929,1074.615723,1100.106567,1148.089478,1202.569946,1110.602905,1056.622192,1113.601807,1046.125977,1093.609009,1113.101929,1030.3052,1005.2346,1031.5,1109.5,1068.0,1037.0,1087.5,1107.0,1107.0,1166.5,1187.0],"pressureRange":[-1.854992,1.854992],"priceRange":[972.205505,1703.90625],"zones":{"accumulationBoundary":0.095686,"distributionBoundary":0.904314},"latest":0.7522,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","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 has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","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":"24 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.36,"forwardCorrelation":-0.04,"directionalAgreement":51.8,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":5,"completedEpisodes":5,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToHigher":1.8,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":5,"expectedCount":5,"expectedPercent":100.0,"medianReturn":5.6,"averageReturn":7.6,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":25.5,"averageReturn":25.3,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":33.1,"averageReturn":32.9,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.2,"sample":5},{"week":2,"averageReturn":3.2,"sample":5},{"week":3,"averageReturn":6.0,"sample":5},{"week":4,"averageReturn":7.6,"sample":5},{"week":5,"averageReturn":9.0,"sample":5},{"week":6,"averageReturn":7.7,"sample":4},{"week":7,"averageReturn":8.2,"sample":4},{"week":8,"averageReturn":11.4,"sample":4},{"week":9,"averageReturn":13.9,"sample":4},{"week":10,"averageReturn":17.6,"sample":4},{"week":11,"averageReturn":23.3,"sample":3},{"week":12,"averageReturn":25.3,"sample":3},{"week":13,"averageReturn":30.4,"sample":3},{"week":14,"averageReturn":32.9,"sample":3},{"week":15,"averageReturn":35.6,"sample":3},{"week":16,"averageReturn":35.8,"sample":3},{"week":17,"averageReturn":36.2,"sample":3},{"week":18,"averageReturn":38.9,"sample":3},{"week":19,"averageReturn":38.9,"sample":3},{"week":20,"averageReturn":39.4,"sample":3},{"week":21,"averageReturn":38.6,"sample":3},{"week":22,"averageReturn":35.1,"sample":3},{"week":23,"averageReturn":38.6,"sample":3},{"week":24,"averageReturn":36.8,"sample":3},{"week":25,"averageReturn":33.1,"sample":3},{"week":26,"averageReturn":32.9,"sample":3}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":2.7,"medianWeeksInZone":3,"averageWeeksToLower":2.3,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-3.2,"averageReturn":-9.2,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-21.5,"averageReturn":-25.7,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-26.9,"averageReturn":-26.6,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":3},{"week":2,"averageReturn":-3.8,"sample":3},{"week":3,"averageReturn":-8.0,"sample":3},{"week":4,"averageReturn":-9.2,"sample":3},{"week":5,"averageReturn":-7.6,"sample":3},{"week":6,"averageReturn":-9.2,"sample":3},{"week":7,"averageReturn":-11.0,"sample":3},{"week":8,"averageReturn":-15.9,"sample":3},{"week":9,"averageReturn":-16.4,"sample":3},{"week":10,"averageReturn":-18.9,"sample":3},{"week":11,"averageReturn":-22.1,"sample":3},{"week":12,"averageReturn":-25.7,"sample":3},{"week":13,"averageReturn":-24.5,"sample":3},{"week":14,"averageReturn":-25.0,"sample":3},{"week":15,"averageReturn":-25.1,"sample":3},{"week":16,"averageReturn":-26.1,"sample":3},{"week":17,"averageReturn":-27.6,"sample":3},{"week":18,"averageReturn":-26.9,"sample":3},{"week":19,"averageReturn":-26.6,"sample":3},{"week":20,"averageReturn":-27.6,"sample":3},{"week":21,"averageReturn":-29.6,"sample":3},{"week":22,"averageReturn":-26.6,"sample":3},{"week":23,"averageReturn":-26.2,"sample":3},{"week":24,"averageReturn":-26.6,"sample":3},{"week":25,"averageReturn":-28.8,"sample":3},{"week":26,"averageReturn":-26.6,"sample":3}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":16,"completedEpisodes":15,"activeEpisodes":1,"medianExpectedMove":11.0,"averageExpectedMove":10.7,"averageWeeksToLargestMove":6.2,"horizons":[{"weeks":4,"sample":15,"expectedCount":6,"expectedPercent":40.0,"averageReturn":-3.3,"medianReturn":-5.3,"confidenceLow":19.8,"confidenceHigh":64.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":15,"expectedCount":6,"expectedPercent":40.0,"averageReturn":-4.5,"medianReturn":-5.2,"confidenceLow":19.8,"confidenceHigh":64.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":2,"expectedPercent":13.3,"averageReturn":-14.5,"medianReturn":-22.1,"confidenceLow":3.7,"confidenceHigh":37.9,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.0,"sample":16},{"week":2,"averageReturn":-1.5,"sample":16},{"week":3,"averageReturn":-3.3,"sample":15},{"week":4,"averageReturn":-3.3,"sample":15},{"week":5,"averageReturn":-3.8,"sample":15},{"week":6,"averageReturn":-3.5,"sample":15},{"week":7,"averageReturn":-3.5,"sample":15},{"week":8,"averageReturn":-3.5,"sample":15},{"week":9,"averageReturn":-5.1,"sample":15},{"week":10,"averageReturn":-3.9,"sample":15},{"week":11,"averageReturn":-4.7,"sample":15},{"week":12,"averageReturn":-4.5,"sample":15},{"week":13,"averageReturn":-5.6,"sample":15},{"week":14,"averageReturn":-7.1,"sample":15},{"week":15,"averageReturn":-7.3,"sample":15},{"week":16,"averageReturn":-6.9,"sample":15},{"week":17,"averageReturn":-6.8,"sample":15},{"week":18,"averageReturn":-8.0,"sample":15},{"week":19,"averageReturn":-10.2,"sample":15},{"week":20,"averageReturn":-11.2,"sample":15},{"week":21,"averageReturn":-12.2,"sample":15},{"week":22,"averageReturn":-11.5,"sample":15},{"week":23,"averageReturn":-12.4,"sample":15},{"week":24,"averageReturn":-12.8,"sample":15},{"week":25,"averageReturn":-14.1,"sample":15},{"week":26,"averageReturn":-14.5,"sample":15}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":12.2,"averageExpectedMove":14.3,"averageWeeksToLargestMove":7.8,"horizons":[{"weeks":4,"sample":17,"expectedCount":9,"expectedPercent":52.9,"averageReturn":0.2,"medianReturn":-0.4,"confidenceLow":31.0,"confidenceHigh":73.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":10,"expectedPercent":62.5,"averageReturn":-3.9,"medianReturn":-7.5,"confidenceLow":38.6,"confidenceHigh":81.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":9,"expectedPercent":64.3,"averageReturn":-5.8,"medianReturn":-14.6,"confidenceLow":38.8,"confidenceHigh":83.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":17},{"week":2,"averageReturn":-0.6,"sample":17},{"week":3,"averageReturn":0.1,"sample":17},{"week":4,"averageReturn":0.2,"sample":17},{"week":5,"averageReturn":-1.9,"sample":17},{"week":6,"averageReturn":-1.7,"sample":17},{"week":7,"averageReturn":-3.8,"sample":17},{"week":8,"averageReturn":-2.0,"sample":17},{"week":9,"averageReturn":-2.0,"sample":17},{"week":10,"averageReturn":-2.7,"sample":17},{"week":11,"averageReturn":-3.9,"sample":16},{"week":12,"averageReturn":-3.9,"sample":16},{"week":13,"averageReturn":-3.3,"sample":16},{"week":14,"averageReturn":-2.3,"sample":16},{"week":15,"averageReturn":-2.6,"sample":16},{"week":16,"averageReturn":-1.2,"sample":15},{"week":17,"averageReturn":-2.8,"sample":15},{"week":18,"averageReturn":-2.8,"sample":15},{"week":19,"averageReturn":-5.8,"sample":15},{"week":20,"averageReturn":-6.7,"sample":15},{"week":21,"averageReturn":-6.7,"sample":14},{"week":22,"averageReturn":-7.5,"sample":14},{"week":23,"averageReturn":-7.0,"sample":14},{"week":24,"averageReturn":-7.1,"sample":14},{"week":25,"averageReturn":-7.4,"sample":14},{"week":26,"averageReturn":-5.8,"sample":14}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":16,"completedEpisodes":14,"activeEpisodes":2,"medianExpectedMove":12.4,"averageExpectedMove":13.7,"averageWeeksToLargestMove":8.4,"horizons":[{"weeks":4,"sample":16,"expectedCount":9,"expectedPercent":56.2,"averageReturn":-2.0,"medianReturn":-1.6,"confidenceLow":33.2,"confidenceHigh":76.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":9,"expectedPercent":64.3,"averageReturn":-4.6,"medianReturn":-9.8,"confidenceLow":38.8,"confidenceHigh":83.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":13,"expectedCount":8,"expectedPercent":61.5,"averageReturn":-9.1,"medianReturn":-4.7,"confidenceLow":35.5,"confidenceHigh":82.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":16},{"week":2,"averageReturn":-0.4,"sample":16},{"week":3,"averageReturn":-0.8,"sample":16},{"week":4,"averageReturn":-2.0,"sample":16},{"week":5,"averageReturn":-2.2,"sample":16},{"week":6,"averageReturn":-2.3,"sample":16},{"week":7,"averageReturn":-2.6,"sample":15},{"week":8,"averageReturn":-3.2,"sample":15},{"week":9,"averageReturn":-2.4,"sample":15},{"week":10,"averageReturn":-2.3,"sample":15},{"week":11,"averageReturn":-3.6,"sample":15},{"week":12,"averageReturn":-4.6,"sample":14},{"week":13,"averageReturn":-3.6,"sample":14},{"week":14,"averageReturn":-2.1,"sample":14},{"week":15,"averageReturn":0.0,"sample":14},{"week":16,"averageReturn":0.3,"sample":14},{"week":17,"averageReturn":-0.4,"sample":14},{"week":18,"averageReturn":-3.2,"sample":13},{"week":19,"averageReturn":-5.7,"sample":13},{"week":20,"averageReturn":-3.7,"sample":13},{"week":21,"averageReturn":-5.2,"sample":13},{"week":22,"averageReturn":-4.1,"sample":13},{"week":23,"averageReturn":-7.2,"sample":13},{"week":24,"averageReturn":-8.1,"sample":13},{"week":25,"averageReturn":-8.9,"sample":13},{"week":26,"averageReturn":-9.1,"sample":13}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":4.0,"averageExpectedMove":8.8,"averageWeeksToLargestMove":5.4,"horizons":[{"weeks":4,"sample":16,"expectedCount":4,"expectedPercent":25.0,"averageReturn":-4.4,"medianReturn":-4.2,"confidenceLow":10.2,"confidenceHigh":49.5,"confidence":"Historically adverse"},{"weeks":12,"sample":16,"expectedCount":5,"expectedPercent":31.2,"averageReturn":-5.7,"medianReturn":-10.5,"confidenceLow":14.2,"confidenceHigh":55.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":5,"expectedPercent":33.3,"averageReturn":-11.7,"medianReturn":-11.5,"confidenceLow":15.2,"confidenceHigh":58.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.3,"sample":17},{"week":2,"averageReturn":-2.2,"sample":17},{"week":3,"averageReturn":-2.6,"sample":17},{"week":4,"averageReturn":-4.4,"sample":16},{"week":5,"averageReturn":-3.1,"sample":16},{"week":6,"averageReturn":-4.1,"sample":16},{"week":7,"averageReturn":-4.4,"sample":16},{"week":8,"averageReturn":-4.3,"sample":16},{"week":9,"averageReturn":-4.0,"sample":16},{"week":10,"averageReturn":-4.3,"sample":16},{"week":11,"averageReturn":-5.3,"sample":16},{"week":12,"averageReturn":-5.7,"sample":16},{"week":13,"averageReturn":-6.1,"sample":16},{"week":14,"averageReturn":-6.4,"sample":16},{"week":15,"averageReturn":-6.8,"sample":16},{"week":16,"averageReturn":-8.1,"sample":16},{"week":17,"averageReturn":-9.9,"sample":16},{"week":18,"averageReturn":-8.7,"sample":16},{"week":19,"averageReturn":-9.2,"sample":16},{"week":20,"averageReturn":-9.1,"sample":16},{"week":21,"averageReturn":-7.7,"sample":16},{"week":22,"averageReturn":-8.5,"sample":16},{"week":23,"averageReturn":-9.0,"sample":15},{"week":24,"averageReturn":-9.7,"sample":15},{"week":25,"averageReturn":-10.7,"sample":15},{"week":26,"averageReturn":-11.7,"sample":15}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":35.1,"averageExpectedMove":35.1,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-23.4,"medianReturn":-23.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-35.1,"medianReturn":-35.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-26.9,"medianReturn":-26.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-5.2,"sample":1},{"week":2,"averageReturn":-12.1,"sample":1},{"week":3,"averageReturn":-20.8,"sample":1},{"week":4,"averageReturn":-23.4,"sample":1},{"week":5,"averageReturn":-24.2,"sample":1},{"week":6,"averageReturn":-24.2,"sample":1},{"week":7,"averageReturn":-22.4,"sample":1},{"week":8,"averageReturn":-23.7,"sample":1},{"week":9,"averageReturn":-27.0,"sample":1},{"week":10,"averageReturn":-28.5,"sample":1},{"week":11,"averageReturn":-31.3,"sample":1},{"week":12,"averageReturn":-35.1,"sample":1},{"week":13,"averageReturn":-27.6,"sample":1},{"week":14,"averageReturn":-25.0,"sample":1},{"week":15,"averageReturn":-23.7,"sample":1},{"week":16,"averageReturn":-25.8,"sample":1},{"week":17,"averageReturn":-25.0,"sample":1},{"week":18,"averageReturn":-27.2,"sample":1},{"week":19,"averageReturn":-27.4,"sample":1},{"week":20,"averageReturn":-29.0,"sample":1},{"week":21,"averageReturn":-29.0,"sample":1},{"week":22,"averageReturn":-28.4,"sample":1},{"week":23,"averageReturn":-27.6,"sample":1},{"week":24,"averageReturn":-29.8,"sample":1},{"week":25,"averageReturn":-32.7,"sample":1},{"week":26,"averageReturn":-26.9,"sample":1}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":31.2,"averageReturn":-5.7,"sample":16},"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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 31.2% of comparable cases moved higher after 12 weeks, with an average move of -5.7% across 16 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, 100.0% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 2.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 8.8% across 16 completed cases, with the largest move arriving after 5.4 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":"2026-07-24","price":1107.0}],"distribution_rollovers":[{"date":"2024-09-06","price":1581.520752},{"date":"2024-10-11","price":1585.51709},{"date":"2024-10-25","price":1572.711914}],"price_pressure_gaps":[{"date":"2024-10-18","price":1658.14209}]}},"smTape":{"available":true,"dates":["2024-08-16","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","2026-03-13","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":[1653.4535,1703.9062,1642.4636,1581.5208,1637.9679,1657.4497,1660.9465,1657.9493,1585.5171,1658.1421,1572.7119,1458.3058,1312.9247,1270.9591,1256.9706,1256.9706,1286.4465,1265.4636,1210.5085,1185.0295,1138.5676,1076.1187,1200.0172,1243.9812,1264.964,1230.9918,1243.9812,1207.511,1204.014,1177.0361,1177.5356,1188.027,1200.5168,1164.5463,1116.0861,1212.0073,1257.4702,1348.8953,1346.897,1368.879,1321.9175,1331.9093,1283.9485,1386.3646,1311.8099,1346.2917,1209.3638,1209.8634,1175.8813,1185.8761,1151.3943,1142.3989,1092.925,1127.9066,1062.441,1099.4216,1087.4279,1107.9171,1118.4115,1163.3879,1132.9039,1173.0806,1273.5446,1208.5679,1199.571,1255.551,1258.0502,1334.5228,1344.5193,1304.5336,1316.5293,1335.5225,1359.014,1396.0009,1413.9944,1405.4974,1405.4974,1412.9948,1519.4567,1535.9508,1505.4617,1191.0741,1113.1019,1074.6157,1100.1066,1148.0895,1202.5699,1110.6029,1056.6222,1113.6018,1046.126,1093.609,1113.1019,1030.3052,1005.2346,1031.5,1109.5,1068.0,1037.0,1087.5,1107.0,1107.0,1166.5,1187.0],"consensus":[60.5227,62.642,0.0,-13.9186,38.5085,20.0481,20.2709,23.748,-32.0182,32.2672,-42.8813,-62.603,-77.7489,-56.2165,-44.705,-43.6825,-8.3834,-41.9453,-55.3276,-49.3502,-62.4747,-69.3167,18.4466,13.8396,17.8788,-13.2244,0.0,-30.9371,-12.5685,-31.8486,-22.2945,-10.7155,0.0,-31.1257,-40.5305,35.1499,41.4776,67.6404,30.7484,49.4481,0.0,18.6779,-22.9652,51.4024,-21.7084,30.7873,-57.1456,-26.4002,-44.173,-24.7632,-43.6227,-40.4135,-61.0117,0.0,-63.4448,0.0,-25.0575,0.0,0.0,35.8938,-15.2843,32.7811,69.884,-14.8407,9.6695,51.2229,22.6658,68.635,42.5859,0.0,30.2546,39.6731,43.1745,55.7145,42.4158,30.4471,17.127,20.3678,70.5145,48.6334,14.8084,-69.3668,-72.4615,-63.6612,-19.883,-9.3093,16.229,-52.9904,-56.7073,0.0,-59.108,0.0,0.0,-53.8085,-41.3447,-33.1815,0.0,0.0,-17.5901,26.1644,17.4485,0.0,50.1088,36.2793],"supportDates":["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","2026-03-13","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":[-63.8832,0.0,-69.0256,0.0,-27.4452,0.0,0.0,33.3808,-26.131,26.2664,64.4764,-23.7328,0.046,44.3148,27.9592,64.1581,38.5243,0.0,24.7285,53.4846,53.9274,57.4113,36.0484,27.6497,6.8579,15.9958,66.6449,50.0892,2.3881,-65.9883,-76.1485,-62.4732,-5.0528,-5.7363,14.9815,-64.5541,-53.8591,0.0,-60.2516,0.0,0.0,-64.7367,-48.9642,-39.0634,0.0,0.0,-26.7407,23.7686,20.4352,0.0,45.2024,32.7571],"force":[-65.2241,0.0,-64.6338,0.0,-11.3381,0.0,0.0,58.6281,-28.1156,48.6017,95.6758,-67.0333,5.3669,65.5373,8.9952,87.1683,23.1757,0.0,18.1243,24.5329,28.2875,48.8564,31.6638,5.5998,5.3131,5.8742,91.0649,27.7671,21.5561,-91.1123,-77.086,-59.2823,-22.3683,-38.1148,54.0933,-64.1978,-69.3016,0.0,-59.3209,0.0,0.0,-42.7397,-23.3211,-10.8851,0.0,0.0,-7.6541,52.4533,28.5925,0.0,66.9206,28.6254],"direction":[-54.7212,0.0,-56.2174,0.0,-32.1282,0.0,0.0,22.527,-6.277,28.926,57.6415,-32.6021,31.4081,48.8934,26.3809,60.5132,61.0923,0.0,45.2345,34.703,41.5189,58.6738,57.3729,51.3922,44.8918,35.717,60.258,61.8741,54.9778,-57.6955,-64.9445,-68.1466,-67.0114,-47.2672,9.3913,-31.7694,-50.9664,0.0,-57.6489,0.0,0.0,-49.2252,-45.5108,-42.3854,0.0,0.0,-14.2295,10.1246,6.075,0.0,43.7077,45.7717],"intensity":[48.0769,28.8462,65.3846,46.1538,19.2308,17.3077,7.6923,42.3077,19.2308,61.5385,82.6923,69.2308,57.6923,73.0769,11.5385,80.7692,67.3077,40.3846,1.9231,13.4615,23.0769,48.0769,59.6154,69.2308,36.5385,23.0769,96.1538,98.0769,28.8462,100.0,98.0769,61.5385,73.0769,92.3077,57.6923,80.7692,76.9231,59.6154,73.0769,46.1538,80.7692,78.8462,21.1538,25.0,84.6154,73.0769,26.9231,75.0,42.3077,88.4615,57.6923,13.4615],"confirmation":[87.6084,8.5957,88.2535,32.014,75.5639,5.3297,25.1566,80.2172,51.7892,79.0714,91.2313,35.8259,26.5942,84.9328,74.7558,90.5962,81.0978,9.3168,77.396,80.0235,81.1983,85.5938,81.3424,54.3618,28.7534,51.476,91.2499,82.9046,8.4183,90.9116,91.2724,88.2562,10.0728,9.7193,31.0364,85.1223,86.5736,9.206,86.9036,31.8375,26.2412,84.7149,80.5649,77.849,47.8754,24.389,50.5199,77.2103,51.211,24.9508,84.6219,79.4298],"persistence":[75.0,87.5,87.5,75.0,75.0,62.5,50.0,25.0,25.0,12.5,12.5,0.0,25.0,37.5,50.0,50.0,75.0,62.5,62.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,25.0,50.0,75.0,62.5,62.5,50.0,37.5,37.5,62.5,62.5,50.0,50.0,50.0,37.5,25.0,12.5,12.5,37.5],"assessmentRisk":[14.761,35.707,13.9122,30.6086,6.889,16.167,41.1637,29.9615,51.2006,31.2493,14.9694,44.6655,39.631,21.6736,27.6708,15.3887,28.588,37.864,27.8797,18.7303,5.8523,20.7716,27.7948,32.8532,37.7215,17.0542,14.4795,25.6232,42.326,14.4493,13.7499,18.1634,40.0386,16.3113,28.2258,43.9764,7.6679,16.2063,16.0754,10.8495,29.0227,7.7588,10.6676,24.5627,6.2139,31.748,34.462,25.1241,11.195,31.7492,24.4765,30.8078],"volumeParticipation":true,"latest":{"consensus":36.3,"control":32.8,"force":28.6,"direction":45.8,"confirmation":79.4,"persistence":37.5,"assessmentRisk":30.8,"intensity":13.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+36.3","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+32.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+28.6","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+45.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"79/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"22.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"40%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[1653.4535,1703.9062,1642.4636,1581.5208,1637.9679,1657.4497,1660.9465,1657.9493,1585.5171,1658.1421,1572.7119,1458.3058,1312.9247,1270.9591,1256.9706,1256.9706,1286.4465,1265.4636,1210.5085,1185.0295,1138.5676,1076.1187,1200.0172,1243.9812,1264.964,1230.9918,1243.9812,1207.511,1204.014,1177.0361,1177.5356,1188.027,1200.5168,1164.5463,1116.0861,1212.0073,1257.4702,1348.8953,1346.897,1368.879,1321.9175,1331.9093,1283.9485,1386.3646,1311.8099,1346.2917,1209.3638,1209.8634,1175.8813,1185.8761,1151.3943,1142.3989,1092.925,1127.9066,1062.441,1099.4216,1087.4279,1107.9171,1118.4115,1163.3879,1132.9039,1173.0806,1273.5446,1208.5679,1199.571,1255.551,1258.0502,1334.5228,1344.5193,1304.5336,1316.5293,1335.5225,1359.014,1396.0009,1413.9944,1405.4974,1405.4974,1412.9948,1519.4567,1535.9508,1505.4617,1191.0741,1113.1019,1074.6157,1100.1066,1148.0895,1202.5699,1110.6029,1056.6222,1113.6018,1046.126,1093.609,1113.1019,1030.3052,1005.2346,1031.5,1109.5,1068.0,1037.0,1087.5,1107.0,1107.0,1166.5,1187.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[1523.4425,1556.2541,1571.9285,1573.6726,1585.3626,1598.4694,1609.8289,1618.578,1612.567,1620.8533,1612.1004,1584.1377,1534.8262,1486.8504,1445.0541,1410.8571,1388.237,1365.9145,1337.6589,1309.9081,1278.7553,1241.9123,1234.295,1236.0561,1241.3121,1239.4357,1240.2621,1234.3074,1228.7995,1219.388,1211.7785,1207.46,1206.1976,1198.6246,1183.6176,1188.7794,1201.2686,1228.1098,1249.7075,1271.3751,1280.5646,1289.9,1288.8179,1306.5537,1307.5094,1314.5607,1295.434,1279.8757,1260.9676,1247.3146,1229.8746,1213.9699,1191.9617,1180.3154,1158.8837,1148.0724,1137.0461,1131.7499,1129.3248,1135.5181,1135.0428,1141.9587,1165.8834,1173.6442,1178.3582,1192.3933,1204.3309,1228.0021,1249.1871,1259.2501,1269.6645,1281.6387,1295.7069,1313.9422,1332.1335,1345.4724,1356.386,1366.6785,1394.4564,1420.1826,1435.6879,1391.2127,1340.6471,1292.2777,1257.3375,1237.4742,1231.128,1209.2144,1181.4703,1169.1306,1146.7661,1137.1012,1132.7377,1114.1136,1094.3174,1082.8961,1087.7331,1084.1453,1075.5734,1077.7419,1083.0616,1087.414,1101.7933,1117.2854],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[1440.2077,1459.7409,1473.276,1481.2941,1492.8996,1505.0885,1516.6335,1527.1013,1531.4284,1540.8146,1543.1774,1536.8906,1520.3005,1501.8308,1483.693,1466.8988,1453.5319,1439.6009,1422.6311,1405.031,1385.293,1362.3912,1350.3635,1342.4833,1336.7411,1328.9079,1322.617,1314.0906,1305.9368,1296.3886,1287.5847,1280.21,1274.3068,1266.1764,1255.0586,1251.8696,1252.2845,1259.4408,1265.9191,1273.5457,1277.1288,1281.1866,1281.3912,1289.167,1290.8443,1294.9515,1288.6117,1282.7785,1274.8602,1268.2688,1259.6114,1250.929,1239.225,1230.9792,1218.4949,1209.6746,1200.6193,1193.7525,1188.1717,1186.3358,1182.3779,1181.6892,1188.4933,1189.9803,1190.6908,1195.4952,1200.1289,1210.084,1220.0422,1226.3008,1232.9844,1240.5798,1249.3527,1260.2155,1271.6066,1281.5244,1290.7076,1299.7659,1316.0393,1332.329,1345.1537,1333.7404,1317.3968,1299.413,1284.6496,1274.534,1269.2033,1257.4552,1242.5786,1233.0248,1219.1804,1209.8789,1202.7102,1189.9395,1176.2576,1165.5348,1161.3841,1154.4668,1145.7655,1141.4496,1138.8977,1136.5349,1138.7546,1142.3283],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[1643.5855,1682.2283,1698.8007,1700.0336,1709.5923,1723.5469,1738.9727,1753.1313,1757.186,1767.4849,1766.9779,1763.8581,1771.3054,1785.947,1808.9896,1826.4843,1835.2966,1840.5202,1847.8266,1850.8985,1843.0901,1825.6149,1800.5126,1779.4928,1745.4053,1702.6542,1652.2987,1594.0496,1545.8767,1460.1658,1381.7637,1327.482,1313.2341,1306.5856,1304.8545,1299.6192,1293.8432,1315.1322,1338.3917,1364.4566,1375.4348,1377.4712,1381.6096,1402.0176,1406.5587,1417.049,1416.7313,1416.7023,1417.6741,1417.2841,1418.9569,1421.612,1429.088,1431.3069,1437.4541,1441.4858,1443.0021,1429.8574,1413.9026,1390.3148,1373.6764,1353.4465,1351.7265,1315.286,1295.2299,1269.7913,1278.5097,1305.7793,1334.3248,1349.8937,1367.3204,1386.314,1405.0975,1429.9249,1448.4968,1464.0054,1473.298,1481.4907,1509.0921,1538.5812,1550.1867,1548.1066,1563.1356,1578.8972,1588.2713,1593.0322,1594.0237,1597.6438,1602.9717,1603.3838,1606.0916,1601.4048,1591.6931,1578.8138,1560.6593,1537.964,1510.2457,1477.4906,1410.6279,1318.0806,1191.7272,1176.994,1185.5391,1199.6571],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[1227.9329,1232.0375,1251.6689,1280.1458,1302.7457,1318.0538,1326.4474,1331.2142,1337.7929,1348.9856,1362.7907,1369.9154,1358.3372,1335.7178,1292.1091,1250.8513,1219.0755,1184.5439,1142.7838,1100.6623,1056.9821,1011.6785,992.5362,979.802,976.5891,976.6945,985.3534,998.5587,1008.5813,1046.1816,1085.0661,1112.3198,1115.327,1111.3342,1098.9769,1099.7158,1102.5942,1089.6483,1080.0277,1072.3477,1079.7045,1103.2472,1107.5019,1101.3323,1101.4758,1102.5155,1099.3714,1099.6357,1095.8506,1097.1246,1092.8377,1085.6197,1067.3845,1061.5017,1049.9899,1034.6997,1016.1791,1005.2261,998.3323,1001.371,999.1081,1003.4551,1004.1347,1022.7955,1031.6278,1047.9922,1044.1425,1029.3388,1017.6572,1013.9539,1013.0408,1013.3595,1021.185,1023.167,1039.7504,1054.8494,1077.3637,1099.6788,1112.1819,1119.9491,1145.5994,1149.4788,1118.4056,1089.2487,1069.9282,1054.4211,1047.8816,1021.8696,987.7519,968.2466,938.4985,918.994,904.1145,880.4242,857.7027,842.9983,841.1168,839.3725,857.9895,905.6917,992.1989,998.5247,995.3194,992.4399],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-08-16","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","2026-03-13","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":[-42.6394,-40.8892,-43.0207,-45.1349,-43.1766,-42.5008,-42.3795,-42.4835,-44.9962,-42.4768,-45.4405,-49.4094,-54.4528,-55.9087,-56.394,-56.394,-55.3714,-56.0993,-58.0058,-58.8897,-60.5015,-62.668,-58.3698,-56.8446,-56.1167,-57.2952,-56.8446,-58.1098,-58.2311,-59.167,-59.1497,-58.7857,-58.3524,-59.6003,-61.2814,-57.9538,-56.3766,-53.205,-53.2743,-52.5117,-54.1409,-53.7942,-55.4581,-51.9051,-54.4915,-53.2953,-58.0455,-58.0282,-59.2071,-58.8603,-60.0566,-60.3686,-62.0849,-60.8714,-63.1425,-61.8596,-62.2756,-61.5648,-61.2008,-59.6405,-60.698,-59.3042,-55.819,-58.0731,-58.3852,-56.4432,-56.3565,-53.7036,-53.3568,-54.7439,-54.3278,-53.6689,-52.8539,-51.5708,-50.9466,-51.2414,-51.2414,-50.9813,-47.288,-46.7158,-47.7735,-58.68,-61.385,-62.7201,-61.8358,-60.1712,-58.2812,-61.4717,-63.3443,-61.3676,-63.7085,-62.0612,-61.385,-64.2573,-65.127,-64.2159,-61.5099,-62.9496,-64.025,-62.2731,-61.5967,-61.5967,-59.5325,-58.8213],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[29.5372,33.4898,28.6762,23.9017,28.324,29.8503,30.1242,29.4841,23.4421,25.962,16.4337,7.9637,0.0,0.0,0.0,0.0,2.345,0.6757,0.0,0.0,0.0,0.0,11.5135,15.5989,17.5487,14.3918,15.5989,12.2098,11.8849,9.3779,9.4243,10.3993,11.5599,8.2173,3.714,12.6277,16.8524,25.3482,25.1625,27.2052,22.8412,23.7697,19.3129,28.8301,21.902,25.1063,12.382,8.4023,5.3576,6.2531,3.1636,2.3576,0.0,3.2007,0.0,3.4807,2.3518,4.2803,5.2681,9.5014,6.6322,10.4137,19.8697,13.7539,12.9071,18.1761,18.4113,25.6091,26.55,22.7864,23.9155,25.7032,27.9143,31.3956,33.0892,32.2895,32.2895,32.9951,43.0156,44.5681,38.4424,9.5313,0.468,0.0,2.3721,6.8372,11.907,3.3488,0.0,5.3926,0.0,4.5389,6.4023,0.0,0.0,2.6129,10.3722,6.2439,3.16,8.1837,10.1235,10.1235,16.0426,18.0819],"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":["2024-08-16","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","2026-03-13","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":[68.4957,78.9937,81.417,77.5262,78.0973,79.2088,79.456,78.505,71.0873,70.259,61.9944,45.6864,20.7915,-2.2977,-21.4772,-36.2591,-45.0758,-53.1437,-63.2429,-72.4672,-82.5747,-94.5344,-92.9436,-87.1309,-79.91,-76.052,-71.1265,-69.3662,-67.4755,-67.3773,-66.4927,-64.205,-60.6846,-60.1043,-62.8305,-56.5986,-47.4444,-32.4384,-20.4713,-9.1085,-3.8485,1.1135,1.1625,9.3576,9.7243,12.6514,3.8775,-3.001,-11.0667,-16.4626,-23.2532,-29.026,-37.1648,-40.3272,-47.5677,-49.7483,-51.8466,-51.2652,-49.3884,-43.7672,-41.2962,-35.6846,-22.8672,-17.7477,-14.2523,-6.8856,-0.8361,10.0134,19.1971,22.9837,26.6455,30.7258,35.4465,41.6917,47.5448,50.911,52.9681,54.5743,63.7034,71.4457,74.2652,50.5485,25.171,1.9314,-14.2648,-22.9639,-25.1717,-33.951,-44.7487,-48.153,-55.6542,-57.1091,-56.0432,-61.1742,-66.4971,-67.8144,-61.8514,-59.7853,-59.9581,-55.3817,-49.6096,-44.5219,-35.282,-26.0054],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[50.0237,55.8177,60.9375,64.2553,67.0237,69.4607,71.4598,72.8688,72.5125,72.0618,70.0483,65.1759,56.2991,44.5797,31.3683,17.8428,5.2591,-6.4215,-17.7857,-28.722,-39.4926,-50.5009,-58.9895,-64.6178,-67.6762,-69.3514,-69.7064,-69.6384,-69.2058,-68.8401,-68.3706,-67.5375,-66.1669,-64.9544,-64.5296,-62.9434,-59.8436,-54.3626,-47.5843,-39.8892,-32.681,-25.9221,-20.5052,-14.5326,-9.6813,-5.2147,-3.3963,-3.3172,-4.8671,-7.1862,-10.3996,-14.1249,-18.7329,-23.0517,-27.9549,-32.3136,-36.2202,-39.2292,-41.261,-41.7623,-41.6691,-40.4722,-36.9512,-33.1105,-29.3388,-24.8482,-20.0458,-14.0339,-7.3877,-1.3134,4.2783,9.5678,14.7436,20.1332,25.6155,30.6746,35.1333,39.0215,43.9579,49.4554,54.4174,53.6436,47.9491,38.7456,28.1435,17.922,9.3033,0.6524,-8.4278,-16.3728,-24.2291,-30.8051,-35.8527,-40.917,-46.033,-50.3893,-52.6817,-54.1024,-55.2736,-55.2952,-54.1581,-52.2308,-48.8411,-44.2739],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[18.472,23.176,20.4794,13.2709,11.0736,9.7481,7.9962,5.6362,-1.4252,-1.8028,-8.0539,-19.4895,-35.5075,-46.8774,-52.8455,-54.102,-50.335,-46.7222,-45.4572,-43.7452,-43.0822,-44.0335,-33.9541,-22.5131,-12.2338,-6.7006,-1.4201,0.2722,1.7303,1.4628,1.8779,3.3325,5.4823,4.8501,1.6991,6.3448,12.3993,21.9242,27.113,30.7806,28.8325,27.0356,21.6677,23.8902,19.4055,17.8661,7.2738,0.3163,-6.1996,-9.2764,-12.8536,-14.9012,-18.4319,-17.2755,-19.6128,-17.4347,-15.6264,-12.036,-8.1273,-2.0049,0.3729,4.7876,14.084,15.3627,15.0866,17.9626,19.2097,24.0473,26.5848,24.2972,22.3671,21.158,20.703,21.5585,21.9293,20.2364,17.8348,15.5528,19.7455,21.9902,19.8478,-3.0951,-22.7781,-36.8141,-42.4083,-40.8859,-34.475,-34.6034,-36.3209,-31.7802,-31.425,-26.304,-20.1904,-20.2572,-20.4641,-17.4251,-9.1697,-5.6828,-4.6845,-0.0865,4.5485,7.709,13.5591,18.2686],"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":["2024-08-16","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","2026-03-13","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":[18.2377,20.6363,14.8999,12.5473,14.5266,15.7491,13.9943,13.5804,8.2758,11.0116,6.0541,-1.0974,-9.8659,-12.5826,-15.4819,-15.5785,-13.6512,-14.7282,-15.98,-18.1061,-21.662,-25.7202,-19.2135,-15.7968,-15.6609,-17.7806,-16.8297,-18.1859,-19.4183,-19.6717,-18.9174,-18.0431,-17.0438,-13.329,-15.7945,-11.8342,-9.9163,-5.3009,-4.8571,-4.5632,-7.9093,-7.545,-11.2298,-4.0898,-8.3018,-6.0123,-15.3893,-16.0169,-18.3012,-18.1941,-19.5039,-19.712,-22.7991,-21.0688,-23.7959,-20.5786,-21.2662,-18.3462,-17.3224,-14.9975,-15.8575,-11.3231,-5.8828,-10.683,-10.5515,-6.1629,-4.1412,-0.0045,1.526,-1.0699,-2.4364,-0.6196,0.338,1.1965,1.4344,1.8497,1.1713,0.3502,7.0743,5.7368,1.4942,-14.3826,-16.9363,-19.8659,-21.2769,-18.6923,-15.0335,-18.8864,-22.1771,-16.3415,-20.4753,-18.371,-15.8963,-21.2179,-23.3192,-19.7889,-14.3286,-18.1769,-18.687,-15.1169,-14.3106,-14.9678,-10.3815,-7.299],"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":["2024-08-16","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","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[5.4278,5.161,5.2975,5.508,5.2542,5.1445,5.0634,5.0589,5.396,5.3998,5.7705,6.8212,8.0197,8.2852,8.1168,7.8238,7.6144,7.4811,7.6718,7.52,7.7128,8.3369,7.971,7.6249,7.2534,7.5299,7.2461,7.2686,7.4063,7.429,7.3833,7.1408,6.865,7.0404,7.5759,7.0492,6.607,6.3066,6.1774,5.8813,6.1249,5.8884,6.0389,5.878,6.3022,6.0945,7.2592,7.0713,7.184,6.9307,7.0655,6.8,7.0443,6.6212,7.105,6.8366,6.7367,6.4233,6.1479,5.8256,5.7945,5.7045,5.6108,5.9196,5.779,5.653,5.7042,5.5657,5.4564,5.5491,5.4574,5.1479,4.9104,4.7611,5.0515,4.9527,4.8835,4.973,5.0578,4.9181,4.8846,7.7861,8.5286,8.9107,8.4005,8.4095,8.0243,8.6982,9.1485,8.7047,9.1572,8.747,8.2558,8.8562,8.6616,8.1377,7.7688,7.8554,7.8234,8.0018,8.0582,7.7343,7.2778,7.1047],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[28.95,30.8957,30.3092,28.1787,27.012,26.6631,26.9148,27.3586,27.1015,26.8573,25.8286,25.1417,26.3908,28.8455,33.3353,37.4111,40.3501,43.3694,47.1504,50.8366,54.213,57.3741,57.8562,57.9634,56.4892,54.1893,50.5711,45.9376,42.0673,33.0349,24.055,17.6377,16.2983,16.1504,17.1291,16.6632,15.9611,18.753,21.3664,23.9748,24.0907,22.1084,22.0245,24.0226,24.3284,24.9673,25.2263,25.2006,25.6073,25.466,25.967,26.8019,28.9772,29.6698,31.1536,32.8559,34.7126,34.8761,34.4552,32.5247,31.572,29.6993,29.5087,25.0197,22.6573,19.1389,20.181,23.6768,26.9277,28.4231,29.7669,31.0838,31.6462,33.1629,32.8542,32.4875,31.0456,29.5844,30.2838,31.4935,30.0163,29.5544,33.1697,36.7033,38.9996,40.689,41.3446,43.9604,47.4941,49.3957,52.4716,54.151,55.0987,56.7972,58.1349,58.3769,56.9141,55.0847,48.7203,37.0891,18.2724,16.4071,17.4445,18.9058],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2024-08-16","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","2026-03-13","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":[106.0055,109.9534,58.6052,104.0695,60.2459,135.5642,96.538,73.9575,71.2724,96.2333,82.9767,133.6315,135.6923,138.91,109.5351,101.9871,131.1898,112.5512,112.1907,29.6592,50.0523,167.3767,210.3669,113.7339,99.8148,105.8604,110.8275,77.7676,393.7684,185.1269,112.3001,125.2117,81.2672,85.1976,124.1052,49.7637,70.4636,143.66,120.2212,63.2307,50.3873,76.5062,64.4079,62.5729,67.4925,81.5899,106.731,62.6776,94.3801,51.5103,69.0076,79.2338,119.4281,106.2689,68.4635,82.0295,78.2286,97.3906,75.1334,115.7515,92.4066,113.7635,134.2559,139.9818,92.3396,136.7652,159.9038,187.9402,107.6448,135.184,113.2422,16.0849,27.7085,85.7727,107.8157,68.7155,55.6434,173.1575,137.5407,53.3713,73.3723,267.5292,135.3247,207.0603,139.5092,162.747,108.2492,134.5269,260.0902,119.8876,95.3707,137.491,69.1112,12.9241,37.6223,32.8136,17.8328,9.7859,18.2268,109.536,128.2965,81.8711,155.5785,107.2502],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[88.1999,89.4502,88.706,87.388,88.1218,89.7891,90.9693,90.0659,89.2088,89.9674,88.4389,85.4793,82.1996,79.1062,76.1283,74.1969,76.6236,74.4153,72.1799,71.6169,70.6968,67.5385,71.8418,74.188,76.2968,74.0767,76.4322,74.768,65.0,65.0,67.7512,70.881,72.906,70.7918,67.626,68.8854,70.6548,74.3937,71.1883,72.9134,71.5237,73.6091,71.9188,73.5485,71.793,73.9238,71.094,72.763,70.5607,71.6781,70.226,68.6191,66.1717,68.353,67.0101,68.634,67.0944,68.9179,70.2545,72.3342,70.6608,72.7194,75.202,72.5413,70.7863,73.4201,76.5213,80.3711,82.5763,79.6872,82.1654,82.5073,83.07,84.7924,87.0042,85.6021,85.6021,89.2579,92.2774,93.4242,91.8513,85.048,81.6965,76.294,80.0708,84.6255,87.6448,83.9092,75.9485,79.6614,76.6883,81.2647,83.6266,83.1936,81.953,83.0289,83.6084,83.3074,82.7704,86.116,90.1916,90.1916,94.9233,98.0639],"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":["2024-08-16","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","2026-03-13","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/a8c7030f-1fa4-4aea-8b75-3799b5272a62/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/a8c7030f-1fa4-4aea-8b75-3799b5272a62/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/a8c7030f-1fa4-4aea-8b75-3799b5272a62/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/a8c7030f-1fa4-4aea-8b75-3799b5272a62/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/a8c7030f-1fa4-4aea-8b75-3799b5272a62/technical-pack/data.json"},"source_fingerprint":"1c572bed30b369f26ab143d59e56c5c9d5ced5859f657f2ba28a2f23ede8c438","content_hash":"412d2d2deb600f9a7ea313f9be378d1e48cd4670aef455166d7b3cbab0b6961d","citation":"Sharemaestro, PSN Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/a8c7030f-1fa4-4aea-8b75-3799b5272a62/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."}