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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":12.3,"averageExpectedMove":12.3,"averageWeeksToLargestMove":4.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-7.1,"medianReturn":-7.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-6.9,"medianReturn":-6.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.8,"sample":2},{"week":2,"averageReturn":-4.7,"sample":2},{"week":3,"averageReturn":-5.9,"sample":2},{"week":4,"averageReturn":-7.1,"sample":2},{"week":5,"averageReturn":-6.5,"sample":2},{"week":6,"averageReturn":-2.9,"sample":2},{"week":7,"averageReturn":0.6,"sample":2},{"week":8,"averageReturn":-2.4,"sample":2},{"week":9,"averageReturn":-2.1,"sample":2},{"week":10,"averageReturn":-4.7,"sample":1},{"week":11,"averageReturn":-7.2,"sample":1},{"week":12,"averageReturn":-6.9,"sample":1},{"week":13,"averageReturn":-6.2,"sample":1},{"week":14,"averageReturn":-8.6,"sample":1},{"week":15,"averageReturn":-7.6,"sample":1},{"week":16,"averageReturn":-5.5,"sample":1},{"week":17,"averageReturn":-6.3,"sample":1},{"week":18,"averageReturn":-6.8,"sample":1},{"week":19,"averageReturn":-6.6,"sample":1},{"week":20,"averageReturn":-7.3,"sample":1},{"week":21,"averageReturn":-8.0,"sample":1},{"week":22,"averageReturn":-5.9,"sample":1},{"week":23,"averageReturn":-4.2,"sample":1},{"week":24,"averageReturn":-5.8,"sample":1},{"week":25,"averageReturn":-5.9,"sample":1},{"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 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 2 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":"2026-02-27","price":25.09},{"date":"2026-06-19","price":23.7225}],"reversal_dangers":[{"date":"2026-03-06","price":23.895},{"date":"2026-06-26","price":23.5175}]}},"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":[25.09,23.895,23.1,22.41,22.0025,22.5025,23.7675,25.06,23.975,24.19,23.9125,23.295,23.355,23.545,22.9425,23.175,23.7225,23.5175,23.395,23.435,23.2575,23.09,23.6,24.0275,23.6225,23.5975],"consensus":[-81.034,-57.5163,-100.0,-100.0,-93.9006,-18.5978,45.2104,68.883,-21.9764,31.7744,-14.9324,-48.034,-11.7678,-20.4877,-59.8314,-11.7,19.0994,0.0,-15.4668,0.0,-20.9914,-20.2051,36.6505,44.4788,-13.8388,0.0],"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,-0.2474,39.2272,52.3759,-35.3066,24.9661,-13.3038,-30.121,-1.4168,-14.2316,-60.5639,-9.7937,19.1894,0.0,-33.7254,0.0,-19.7243,-16.582,40.9692,48.1391,-29.0362,0.0],"force":[-81.034,-57.5163,-100.0,-100.0,-85.4125,-36.0242,89.7965,91.0693,-68.8267,34.6329,-39.1477,-64.9101,-10.3396,-15.962,-63.0777,-7.6025,24.3249,0.0,-14.136,0.0,-16.0539,-11.3108,58.0626,40.3459,-35.7373,0.0],"direction":[null,null,null,null,-99.9636,-79.1509,20.201,71.901,-26.7227,37.5134,-0.5029,-56.4515,-42.6269,-30.8701,-56.6755,-27.6661,15.2639,0.0,-4.4496,0.0,-25.9664,-30.699,16.4206,43.2475,-19.1715,0.0],"intensity":[null,null,null,null,25.0,40.0,83.3333,100.0,62.5,55.5556,10.0,54.5455,8.3333,69.2308,92.8571,13.3333,37.5,17.6471,11.1111,10.5263,20.0,52.381,45.4545,52.1739,33.3333,28.0],"confirmation":[48.5976,41.0719,54.6667,54.6667,74.9935,12.3117,83.9173,90.9703,36.6246,78.3587,50.9818,84.1581,5.8009,74.5135,87.2338,50.14,74.2697,24.6451,50.9132,1.4966,74.5861,74.2498,80.3149,82.0515,31.6208,25.5488],"persistence":[null,null,100.0,100.0,100.0,100.0,71.4286,50.0,50.0,25.0,25.0,25.0,25.0,25.0,50.0,75.0,50.0,62.5,62.5,50.0,50.0,50.0,25.0,0.0,25.0,25.0],"assessmentRisk":[null,null,null,null,3.0497,39.9642,10.3744,15.1978,59.4294,31.7767,15.8237,24.5676,26.6403,23.9082,13.6707,2.684,15.1481,4.2044,37.4093,21.0115,29.7199,33.5062,8.1905,24.1307,46.657,42.6695],"volumeParticipation":true,"latest":{"consensus":0.0,"control":0.0,"force":0.0,"direction":0.0,"confirmation":25.5,"persistence":25.0,"assessmentRisk":42.7,"intensity":28.0,"evidenceDepth":100},"analysis":{"status":"No directional advantage","headline":"The gauges do not support either side","summary":"Control, force and direction are too balanced to support an upward or downward assessment.","take":"Current assessment: wait for a clearer directional advantage.","tone":"neutral","supportedView":"Neither side","direction":"balanced","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+0.0","detail":"No directional advantage","tone":"neutral"},{"label":"SM Control Gauge","value":"+0.0","detail":"Control support is limited","tone":"neutral"},{"label":"SM Force Gauge","value":"+0.0","detail":"Commitment is limited","tone":"neutral"},{"label":"SM Direction Gauge","value":"+0.0","detail":"Follow-through is limited","tone":"neutral"},{"label":"SM Confirmation Gauge","value":"26/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"30.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"2.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"44%","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":[25.09,23.895,23.1,22.41,22.0025,22.5025,23.7675,25.06,23.975,24.19,23.9125,23.295,23.355,23.545,22.9425,23.175,23.7225,23.5175,23.395,23.435,23.2575,23.09,23.6,24.0275,23.6225,23.5975],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,23.7687,23.5385,23.5802,23.8492,23.8721,23.9299,23.9267,23.8119,23.7288,23.6954,23.5585,23.4888,23.5313,23.5288,23.5044,23.4918,23.4492,23.3839,23.4232,23.5331,23.5493,23.5581],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,24.1458,24.1013,24.0154,23.9532,23.9361,23.9051,23.8673,23.8353,23.7925,23.7404,23.73,23.7521,23.7425,23.7317],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,25.6367,25.5787,25.4769,25.3892,25.3209,25.2491,25.1813,25.1468,25.1007,25.0529,25.0103,24.7346,24.6833,24.7048,24.7272,24.604,24.5357],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,21.5618,21.6768,21.7231,21.7731,21.8362,21.8232,21.8459,21.905,21.9502,21.9842,22.0184,22.1109,22.0817,22.1102,22.2495,22.5347,22.7125],"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,158.1473,35.5755,12.1774,409.0131,90.5834,3.7863,3.4253,31.3295,2.9889,0.0,0.1345,0.1419,0.0,0.0,0.0,5.3095,0.4826,3.3723,1.2372],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,129.9585,131.5308,65.0,65.0,65.3685,65.6789,65.0,65.2292,65.2292,65.22,65.2108,65.2108,65.2108,65.2108,65.4125,65.4309,65.3025,65.2567],"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":"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,-0.3615,-0.3539,-0.3918,-0.3986,-0.3557,-0.3344,-0.3236,-0.3083,-0.307,-0.3158,-0.2784,-0.2118,-0.1896,-0.172],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.3694,-0.3624,-0.3546,-0.3454,-0.3377,-0.3333,-0.3223,-0.3002,-0.2781,-0.2569],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0137,0.028,0.031,0.0371,0.0307,0.0175,0.0439,0.0884,0.0885,0.0849],"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],"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 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