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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":3},{"week":2,"averageReturn":4.2,"sample":3},{"week":3,"averageReturn":4.8,"sample":3},{"week":4,"averageReturn":5.9,"sample":3},{"week":5,"averageReturn":5.7,"sample":3},{"week":6,"averageReturn":6.1,"sample":3},{"week":7,"averageReturn":8.3,"sample":2},{"week":8,"averageReturn":7.3,"sample":2},{"week":9,"averageReturn":8.6,"sample":2},{"week":10,"averageReturn":9.6,"sample":2},{"week":11,"averageReturn":13.4,"sample":2},{"week":12,"averageReturn":24.7,"sample":1},{"week":13,"averageReturn":20.8,"sample":1},{"week":14,"averageReturn":22.4,"sample":1},{"week":15,"averageReturn":19.5,"sample":1},{"week":16,"averageReturn":15.4,"sample":1},{"week":17,"averageReturn":15.4,"sample":1},{"week":18,"averageReturn":14.6,"sample":1},{"week":19,"averageReturn":17.5,"sample":1},{"week":20,"averageReturn":19.8,"sample":1},{"week":21,"averageReturn":21.6,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-7.4,"medianReturn":-7.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":2},{"week":2,"averageReturn":-1.8,"sample":1},{"week":3,"averageReturn":-4.1,"sample":1},{"week":4,"averageReturn":-7.4,"sample":1},{"week":5,"averageReturn":-7.4,"sample":1},{"week":6,"averageReturn":-8.1,"sample":1},{"week":7,"averageReturn":-5.8,"sample":1},{"week":8,"averageReturn":-3.9,"sample":1},{"week":9,"averageReturn":-2.5,"sample":1},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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 1 cases. Distinct visits lasted 4.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-19","price":5.74},{"date":"2026-08-14","price":5.515}],"reversal_dangers":[{"date":"2026-06-19","price":5.74},{"date":"2026-06-26","price":5.562},{"date":"2026-08-21","price":5.598}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[5.1412,4.7875,4.6665,4.604,4.604,4.604,4.964,5.236,5.211,5.211,5.365,5.365,5.307,5.307,5.307,5.589,5.74,5.562,5.635,5.504,5.315,5.315,5.275,5.409,5.515,5.598],"consensus":[0.0,-51.1711,-100.0,-100.0,-65.833,-52.5207,67.9888,84.0232,54.9422,44.2075,88.356,45.3115,12.3763,40.6473,21.6689,89.2049,59.408,27.1108,51.117,0.0,-43.3654,-26.273,-31.1793,23.0945,52.841,61.4609],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-40.2968,53.2016,74.3685,58.4041,34.9444,88.1655,36.7364,5.8121,33.2884,32.5725,89.0079,59.7443,13.4134,49.6406,0.0,-41.2085,-19.1475,-17.5731,42.8,63.0702,58.9602],"force":[0.0,-51.1711,-100.0,-100.0,-18.0,-17.984,96.3903,99.8902,14.2339,10.44,94.8113,9.5865,42.3626,8.8907,7.0539,93.7848,30.9711,10.6251,24.6608,0.0,-54.0306,-17.7844,-32.1067,32.0697,47.4126,76.4593],"direction":[null,null,null,null,-99.9994,-91.16,64.6016,83.7237,80.063,78.9136,83.9627,80.6293,72.2623,71.7409,29.7238,86.1587,79.3358,69.7193,71.7015,0.0,-38.2123,-40.4798,-46.0668,5.8369,45.028,53.6058],"intensity":[null,null,null,null,75.0,20.0,83.3333,71.4286,50.0,22.2222,40.0,36.3636,16.6667,30.7692,14.2857,86.6667,62.5,52.9412,22.2222,47.3684,60.0,14.2857,81.8182,73.913,45.8333,48.0],"confirmation":[0.0,39.0414,54.6667,54.6667,64.2132,83.9404,90.8473,95.5181,84.2881,81.2584,96.4735,81.5416,12.8466,80.1515,52.7307,96.6881,86.1388,32.6675,83.5736,5.9149,82.2348,76.2572,78.213,53.942,84.5878,55.0],"persistence":[null,null,66.6667,75.0,80.0,83.3333,57.1429,37.5,25.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,17.0511,18.0041,10.3548,7.6501,22.2351,27.6896,4.3283,7.7593,18.6413,5.3295,31.3892,1.612,20.1382,33.175,23.2296,29.8409,28.1734,34.6981,34.0143,42.9661,19.0269,17.9541],"volumeParticipation":true,"latest":{"consensus":61.5,"control":59.0,"force":76.5,"direction":53.6,"confirmation":55.0,"persistence":12.5,"assessmentRisk":18.0,"intensity":48.0,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+61.5","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+59.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+76.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+53.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"38.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"2.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"87%","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":[5.1412,4.7875,4.6665,4.604,4.604,4.604,4.964,5.236,5.211,5.211,5.365,5.365,5.307,5.307,5.307,5.589,5.74,5.562,5.635,5.504,5.315,5.315,5.275,5.409,5.515,5.598],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.8706,4.8221,4.8479,4.9185,4.9717,5.0152,5.0788,5.1308,5.1629,5.1891,5.2105,5.2793,5.3631,5.3993,5.4421,5.4534,5.4282,5.4076,5.3835,5.3881,5.4112,5.4452],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.0953,5.111,5.1255,5.1598,5.2028,5.2294,5.2595,5.2776,5.2804,5.2829,5.2823,5.2917,5.3083,5.3297],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.4315,5.5147,5.5728,5.6008,5.6213,5.6367,5.7095,5.804,5.8397,5.8817,5.8956,5.9062,5.909,5.8909,5.8607,5.818,5.7441],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,4.3743,4.3752,4.3871,4.4094,4.432,4.454,4.4492,4.4324,4.446,4.4558,4.4754,4.4822,4.5321,4.6111,4.7218,4.8556,5.0289],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,252.2594,101.0006,0.0,186.7824,0.0,3.4965,0.0,0.0,92.8108,0.0,0.0,0.0,0.0,0.0,0.0,573.6652,75.3601,0.0144,5.0697],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,111.4436,101.1484,101.1484,119.9119,119.9119,119.6139,119.6139,119.6139,126.4368,126.4368,126.4368,126.4368,126.4368,126.4368,126.4368,89.6698,94.3446,94.3455,94.6608],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,103.7767,99.6716,99.6716,100.0,100.0,89.3266,89.3266,89.3266,100.0,100.0,84.331,90.757,79.2254,62.588,62.588,59.0669,70.8627,80.1937,87.5],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,0.4412,-0.0384,-0.0384,0.0,0.0,-1.5582,-1.5582,-1.5582,0.0,0.0,-3.101,-1.8293,-4.1115,-7.4042,-7.4042,-8.101,-5.7666,-3.9199,-2.4739],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,13.7272,13.1842,13.1842,16.5291,16.5291,15.2693,15.2693,15.2693,21.3944,24.6742,20.808,22.3936,19.5482,15.4431,15.4431,14.5743,17.4848,19.7871,21.5899],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.4334,1.331,1.534,1.5749,1.7378,1.6853,1.7721,1.9581,1.8182,2.1683,2.1564,2.1011,2.0433],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,21.5628,23.0434,23.8096,23.8024,23.6615,23.4396,24.8114,26.7998,27.099,27.5877,27.3885,27.4146,26.3749,24.3724,21.5237,18.0316,13.2775],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]},{"key":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum has changed character across the latest observations.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,18.9522,27.705,31.9433,29.7306,31.8166,30.0903,27.751,27.751,27.2313,31.8361,35.3228,37.9971],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,67.0141,103.7767,99.6716,99.6716,100.0,100.0,89.3266,89.3266,89.3266,100.0,100.0,84.331,90.757,77.6515,48.5783,30.3279,33.0935,52.3741,67.6259,79.5683],"stroke":"#1678a7","width":1.5},{"label":"Rotation signal","values":[null,null,null,null,null,null,null,85.3954,90.1541,101.04,99.7811,99.8905,96.4422,92.8844,89.3266,92.8844,96.4422,94.777,91.696,84.2465,72.329,52.1859,37.3332,38.5985,51.0312,66.5228],"stroke":"#b87806","width":1.4}],"guides":[{"label":"Upper 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