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The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":100.0,"averageReturn":-14.5,"sample":3},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 100.0% of comparable cases moved lower after 12 weeks, with an average move of -14.5% across 3 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 1 cases. Distinct visits lasted 6.0 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 13.4% across 3 completed cases, with the largest move arriving after 11.3 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":123.93}],"distribution_rollovers":[{"date":"2025-11-14","price":136.940002}],"price_pressure_gaps":[{"date":"2025-09-12","price":152.589996},{"date":"2025-10-03","price":149.990005}]}},"smTape":{"available":true,"dates":["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":[101.19,106.14,112.18,108.51,109.84,102.81,107.95,113.13,104.54,102.65,100.21,104.57,99.44,102.1,104.24,105.79,104.51,108.67,107.32,120.24,120.79,126.27,122.72,124.66,127.23,123.69,129.62,134.66,129.35,133.62,138.07,139.93,141.07,139.01,146.56,150.67,149.41,152.48,152.59,152.35,143.95,149.99,146.2,148.43,148.29,144.69,143.18,136.94,130.92,135.8,133.03,134.77,138.07,136.26,135.95,129.19,129.54,124.58,125.95,122.19,121.91,116.9,117.78,111.85,102.79,102.3,106.37,107.88,114.5,118.95,123.34,122.29,123.93,118.99,121.66,121.77,118.73,119.77,118.66,116.39,120.57,118.79,110.33,108.04,107.1,108.72,105.2],"consensus":[-58.0419,8.1948,36.8421,-16.7722,29.9048,-21.6329,16.0666,21.7049,-23.4022,-9.8525,-17.8778,0.0,-30.5293,0.0,11.7119,0.0,13.1051,22.771,0.0,61.8858,25.407,40.2589,15.7079,25.4108,28.7258,0.0,45.1691,50.2172,0.0,44.616,43.7814,29.3802,38.5958,0.0,48.0027,48.0541,16.9752,42.3171,25.9764,26.029,-24.9226,29.836,-15.4004,16.121,13.8886,-25.3878,-13.1563,-50.2504,-60.0298,0.0,-43.9513,0.0,17.739,-16.4934,0.0,-52.8961,-19.4361,-50.9605,-14.9101,-44.4548,-37.413,-53.2664,-29.8578,-65.7731,-74.8913,-46.9496,-12.9634,-9.845,33.1134,39.4274,38.8505,12.2842,24.2695,-13.3051,16.9957,9.3339,-10.9697,13.5443,0.0,-19.09,9.3658,0.0,-57.5339,-44.2715,-44.6554,-23.1747,-51.3753],"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":[47.8713,11.7022,41.2707,25.3263,32.4872,-27.2447,41.0773,-13.591,28.4895,15.2156,-27.7927,-9.9674,-49.3466,-60.0747,0.0,-44.7298,0.0,17.1142,-19.0616,0.0,-53.5818,-8.6961,-46.4483,-3.8223,-42.1343,-37.3055,-57.0038,-25.8639,-62.5132,-74.0105,-46.3114,-4.5767,-1.5464,24.247,35.1694,30.4252,1.2415,17.7129,-14.1889,20.8073,11.5535,-8.5544,17.9971,0.0,-18.2303,5.3269,0.0,-58.1153,-44.0645,-47.2411,-19.1958,-56.6783],"force":[44.265,13.2816,33.3651,5.353,8.68,-45.9048,35.8529,-29.9825,16.5031,8.8124,-33.1732,-10.1077,-55.8174,-61.8831,0.0,-34.9454,0.0,40.3126,-13.4246,0.0,-61.8649,-1.8766,-50.7647,-15.9062,-37.8822,-18.9713,-42.8314,-5.8454,-80.3612,-87.2526,-22.2406,-34.441,-21.223,80.7534,61.0478,48.4152,5.1239,13.8678,-37.869,20.2349,1.2058,-16.2422,14.8251,0.0,-16.3511,7.7827,0.0,-75.1241,-39.6227,-30.9642,-0.2262,-50.6638],"direction":[50.9694,44.6136,49.9072,41.4505,31.0403,-7.2815,12.6911,-7.0526,1.7127,15.9978,-17.0783,-18.9785,-47.3067,-58.6547,0.0,-49.4944,0.0,2.329,-15.7504,0.0,-45.7063,-46.9337,-56.257,-49.5934,-51.8014,-50.7085,-56.4487,-51.5739,-59.0784,-67.0685,-65.3284,-56.4084,-41.5206,9.2177,28.8505,41.6475,37.3388,39.1924,-5.2505,10.3257,12.6031,-9.9639,7.5404,0.0,-22.029,15.1126,0.0,-44.305,-47.8287,-51.4797,-44.4369,-45.8229],"intensity":[74.2857,44.4444,8.1081,44.7368,23.0769,85.0,60.9756,19.0476,6.9767,2.2727,20.0,41.3043,68.0851,60.4167,40.8163,22.0,72.549,71.1538,7.6923,1.9231,71.1538,71.1538,46.1538,21.1538,26.9231,3.8462,73.0769,90.3846,96.1538,92.3077,30.7692,30.7692,7.6923,88.4615,42.3077,90.3846,7.6923,17.3077,96.1538,57.6923,9.6154,15.3846,1.9231,3.8462,17.3077,80.7692,46.1538,90.3846,46.1538,28.8462,15.3846,32.6923],"confirmation":[83.2646,30.0904,81.2846,53.0272,75.7021,53.9126,77.5596,50.7334,50.3152,72.2694,76.3247,72.1657,84.2635,87.2653,31.7367,81.7781,6.1762,51.7073,73.1452,24.8869,85.1896,51.4674,84.3701,7.3943,82.0606,79.4118,84.6703,54.2169,89.5416,92.3554,82.2806,10.1788,6.8576,80.1833,81.3406,80.852,27.3284,75.5491,51.4462,73.4792,48.0386,71.7078,49.6387,1.3661,74.0384,25.677,0.6926,86.9381,82.0284,81.8331,52.1449,92.3376],"persistence":[75.0,87.5,87.5,87.5,87.5,62.5,75.0,50.0,50.0,50.0,25.0,0.0,25.0,25.0,37.5,37.5,50.0,50.0,50.0,37.5,37.5,37.5,50.0,50.0,62.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,25.0,50.0,75.0,50.0,50.0,37.5,12.5,12.5,25.0,0.0,25.0,25.0,50.0,62.5],"assessmentRisk":[25.6989,40.3489,28.7636,34.0119,10.1516,30.8149,42.6507,37.9292,45.5063,32.639,29.9518,24.4362,24.5842,19.9715,46.9237,27.316,22.5132,37.5172,14.2279,37.838,19.2735,39.5428,24.3741,42.1404,25.5834,30.1178,22.3665,34.6868,16.968,12.5521,26.5136,43.3097,34.0437,33.0618,30.2297,30.5234,43.7004,36.5418,7.0893,26.6496,10.5296,36.9281,5.5243,36.507,37.2539,20.7395,16.2951,20.4018,27.3427,27.6513,38.2355,20.8943],"volumeParticipation":true,"latest":{"consensus":-51.4,"control":-56.7,"force":-50.7,"direction":-45.8,"confirmation":92.3,"persistence":62.5,"assessmentRisk":20.9,"intensity":32.7,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-51.4","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-56.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-50.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-45.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"92/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"35.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"23.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"21%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[101.19,106.14,112.18,108.51,109.84,102.81,107.95,113.13,104.54,102.65,100.21,104.57,99.44,102.1,104.24,105.79,104.51,108.67,107.32,120.24,120.79,126.27,122.72,124.66,127.23,123.69,129.62,134.66,129.35,133.62,138.07,139.93,141.07,139.01,146.56,150.67,149.41,152.48,152.59,152.35,143.95,149.99,146.2,148.43,148.29,144.69,143.18,136.94,130.92,135.8,133.03,134.77,138.07,136.26,135.95,129.19,129.54,124.58,125.95,122.19,121.91,116.9,117.78,111.85,102.79,102.3,106.37,107.88,114.5,118.95,123.34,122.29,123.93,118.99,121.66,121.77,118.73,119.77,118.66,116.39,120.57,118.79,110.33,108.04,107.1,108.72,105.2],"stroke":"#10243b","width":2.1},{"label":"Fast 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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 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