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evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":5.6,"averageExpectedMove":5.6,"averageWeeksToLargestMove":6.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-21.2,"medianReturn":-21.2,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-10.1,"medianReturn":-10.1,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":3},{"week":2,"averageReturn":-2.8,"sample":3},{"week":3,"averageReturn":-2.2,"sample":3},{"week":4,"averageReturn":-21.2,"sample":2},{"week":5,"averageReturn":-12.7,"sample":2},{"week":6,"averageReturn":-10.1,"sample":2},{"week":7,"averageReturn":-13.6,"sample":2},{"week":8,"averageReturn":-7.4,"sample":2},{"week":9,"averageReturn":-13.7,"sample":2},{"week":10,"averageReturn":-16.6,"sample":2},{"week":11,"averageReturn":-15.2,"sample":2},{"week":12,"averageReturn":-10.1,"sample":2},{"week":13,"averageReturn":-8.8,"sample":2},{"week":14,"averageReturn":-29.6,"sample":1},{"week":15,"averageReturn":-20.2,"sample":1},{"week":16,"averageReturn":-27.9,"sample":1},{"week":17,"averageReturn":-15.2,"sample":1},{"week":18,"averageReturn":-25.5,"sample":1},{"week":19,"averageReturn":-22.8,"sample":1},{"week":20,"averageReturn":-15.1,"sample":1},{"week":21,"averageReturn":-4.7,"sample":1},{"week":22,"averageReturn":-1.3,"sample":1},{"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":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":26.5,"averageExpectedMove":26.5,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-5.9,"medianReturn":-5.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-17.0,"medianReturn":-17.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-7.2,"medianReturn":-7.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.9,"sample":1},{"week":2,"averageReturn":-0.8,"sample":1},{"week":3,"averageReturn":-5.5,"sample":1},{"week":4,"averageReturn":-5.9,"sample":1},{"week":5,"averageReturn":-7.9,"sample":1},{"week":6,"averageReturn":-19.9,"sample":1},{"week":7,"averageReturn":-20.4,"sample":1},{"week":8,"averageReturn":-26.5,"sample":1},{"week":9,"averageReturn":-11.6,"sample":1},{"week":10,"averageReturn":-16.7,"sample":1},{"week":11,"averageReturn":-15.0,"sample":1},{"week":12,"averageReturn":-17.0,"sample":1},{"week":13,"averageReturn":-17.8,"sample":1},{"week":14,"averageReturn":-26.2,"sample":1},{"week":15,"averageReturn":-31.8,"sample":1},{"week":16,"averageReturn":-33.5,"sample":1},{"week":17,"averageReturn":-34.7,"sample":1},{"week":18,"averageReturn":-33.7,"sample":1},{"week":19,"averageReturn":-24.9,"sample":1},{"week":20,"averageReturn":-32.1,"sample":1},{"week":21,"averageReturn":-20.2,"sample":1},{"week":22,"averageReturn":-29.9,"sample":1},{"week":23,"averageReturn":-27.4,"sample":1},{"week":24,"averageReturn":-20.2,"sample":1},{"week":25,"averageReturn":-10.3,"sample":1},{"week":26,"averageReturn":-7.2,"sample":1}]},"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 has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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 distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-13","price":28.22}],"reversal_dangers":[{"date":"2026-02-20","price":29.32}]}},"smTape":{"available":true,"dates":["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":[26.4,28.22,29.32,28.0,26.68,26.55,26.0,22.61,22.46,20.75,24.94,23.52,23.98,23.41,23.21,20.84,19.26,18.78,18.44,18.7,21.18,19.15,22.52,19.77,20.49,22.53,25.31,26.2],"consensus":[0.0,47.479,20.7237,-46.6392,0.0,-11.6283,-13.3801,-33.517,-21.3017,-33.179,17.1569,-8.7995,0.0,-12.204,-8.9432,-34.7915,-35.3778,-24.1691,-25.9768,-12.5744,28.6394,-26.6922,39.4739,-28.6192,0.0,27.9357,42.7305,41.1378],"supportDates":["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":[null,null,null,null,null,-15.7852,-13.9658,-31.8414,-19.7715,-32.4749,25.1171,-12.1931,0.0,-24.573,-7.0659,-38.3188,-40.3651,-22.2458,-24.8617,-9.5958,26.4144,-33.6212,35.5773,-32.1795,0.0,25.6895,44.4364,42.7929],"force":[0.0,47.479,20.7237,-46.6392,0.0,-11.5046,-11.7258,-37.2594,-13.1081,-26.887,33.905,-9.5869,0.0,-13.2292,-4.5907,-35.5235,-29.6462,-12.6873,-14.3705,-2.0107,66.9649,-35.4604,71.2694,-56.3335,0.0,38.6158,49.7401,31.4576],"direction":[null,null,null,null,0.0,-6.966,-13.8922,-32.7588,-28.9031,-38.4779,3.9033,-4.3588,0.0,-2.6643,-14.1977,-30.2373,-33.7722,-34.5685,-35.5415,-26.3963,3.8069,-12.5104,21.2162,-4.7543,0.0,22.8742,35.774,46.1608],"intensity":[null,null,null,null,50.0,20.0,16.6667,85.7143,12.5,88.8889,80.0,45.4545,16.6667,53.8462,50.0,60.0,62.5,41.1765,27.7778,15.7895,65.0,57.1429,81.8182,78.2609,8.3333,56.0,80.7692,70.3704],"confirmation":[0.5212,37.8599,29.2983,37.5912,1.0784,48.9873,72.2223,78.865,74.5902,78.4362,52.0454,48.1215,47.7547,49.6498,25.4245,79.1018,79.0702,75.4135,75.9759,49.387,55.6999,76.7031,81.66,55.2818,1.573,77.2991,81.8614,55.0],"persistence":[null,null,66.6667,25.0,20.0,0.0,14.2857,25.0,37.5,62.5,62.5,62.5,62.5,62.5,62.5,62.5,62.5,62.5,87.5,87.5,75.0,75.0,50.0,50.0,37.5,12.5,12.5,37.5],"assessmentRisk":[null,null,null,null,11.3039,37.5081,42.9579,33.1265,38.9959,33.3748,32.8202,26.2302,29.9802,51.1435,33.9457,28.3572,31.8867,37.4588,36.6277,35.9181,26.2095,23.6117,28.7235,41.9965,18.2744,33.6989,23.1585,29.2872],"volumeParticipation":true,"latest":{"consensus":41.1,"control":42.8,"force":31.5,"direction":46.2,"confirmation":55.0,"persistence":37.5,"assessmentRisk":29.3,"intensity":70.4,"evidenceDepth":100},"analysis":{"status":"Completed tape 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":"Completed tape","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 easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+41.1","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+42.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+31.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+46.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"65.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"17.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"20.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"68%","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":[26.4,28.22,29.32,28.0,26.68,26.55,26.0,22.61,22.46,20.75,24.94,23.52,23.98,23.41,23.21,20.84,19.26,18.78,18.44,18.7,21.18,19.15,22.52,19.77,20.49,22.53,25.31,26.2],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,27.2256,27.1027,26.9022,26.1218,25.456,24.6004,24.6621,24.4545,24.3682,24.194,24.0151,23.4378,22.6782,21.9694,21.3277,20.85,20.91,20.59,20.9409,20.728,20.6847,21.0202,21.8002,22.6002],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,25.409,25.2609,25.109,24.7928,24.3829,23.9679,23.5584,23.1985,23.049,22.7602,22.7424,22.5222,22.3717,22.3834,22.6002,22.8669],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,31.049,30.7496,30.4927,30.245,30.0322,29.8403,29.8581,30.0325,30.1578,30.2319,30.2076,29.8963,29.2833,28.2217,27.3437,26.6381,25.9415,25.7756,26.3989],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,20.349,20.5104,20.4156,20.4366,20.3735,20.2997,19.7532,18.9264,18.1677,17.4913,16.9994,16.7887,16.4947,16.8763,16.9313,17.0179,17.3125,17.4094,17.1451],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-0.8275,-0.8597,-0.891,-1.0945,-1.3675,-1.604,-1.7982,-1.9092,-1.7765,-1.8142,-1.5543,-1.5523,-1.4756,-1.2359,-0.8123,-0.4002],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.9897,-1.1125,-1.2497,-1.3816,-1.4606,-1.5313,-1.5359,-1.5391,-1.5264,-1.4683,-1.3371,-1.1497],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.3778,-0.4915,-0.5486,-0.5276,-0.3159,-0.2829,-0.0184,-0.0131,0.0509,0.2324,0.5248,0.7496],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,19.9511,18.7296,4.882,38.9748,27.4207,31.1635,26.5256,24.8983,5.6143,1.7876,7.9515,5.6604,10.6632,26.788,13.5891,35.5007,17.6203,22.3017,35.5657,61.1111,67.7037],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-30.3021,-30.7645,-36.0358,-23.1196,-27.4969,-26.0789,-27.836,-28.4525,-35.7583,-40.6289,-42.1085,-43.1566,-42.3551,-34.7102,-40.9679,-30.5795,-39.0567,-36.8372,-30.5487,-17.1793,-14.267],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,12.1528,11.4087,2.9777,23.7717,16.7246,19.0074,16.1787,15.1861,3.4243,1.2613,6.7045,4.7727,9.6131,24.1501,12.2509,32.0047,15.8851,20.1055,32.0633,48.3587,53.5756],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared 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