{"schema_version":"1.0","name":"FEPI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"b98caec7-bbef-4fc9-a9fa-779a55817e8c","symbol":"FEPI","name":"Rex Tech Innovation Premium Inc","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"The technical trend and the underlying tape are moving in opposite directions. Price is holding its upward structure without confirmation from Market Dynamics.","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, Activity pressure and cumulative balance, Strength versus the research benchmark, Range pressure and compression, Directional strength and control, Range position and boundary pressure."},{"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":"2026-08-21","observations":60,"displayedObservations":60,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The technical trend and the underlying tape are moving in opposite directions. Price is holding its upward structure without confirmation from Market Dynamics.","evidenceAlignment":{"status":"Evidence conflict","headline":"Price structure is upward, but Market Dynamics is negative","summary":"The technical trend and the underlying tape are moving in opposite directions. Price is holding its upward structure without confirmation from Market Dynamics.","take":"The gap can close through improving Market Dynamics or weakening price. Until one occurs, the upward structure carries elevated reversal risk and should not be read as fully aligned.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[-0.454785,-0.617111,-0.733813,-1.017255,-1.22647,-1.450936,-1.466118,-1.437122,-1.294487,-1.183599,-1.19272,-1.00204,-0.91683,-0.693107,-0.306627,-0.033906,0.382367,0.681243,0.823826,0.971552,0.839713,0.537915,0.429394,0.186235,0.125193,0.085664,-0.073355,-0.24844,-0.465114,-0.525935,-0.481409,-0.332866],"opens":[19.095289,19.92357,18.781685,19.225707,17.713285,17.505632,17.554368,17.492509,18.041728,18.491602,17.940554,17.482603,18.565206,17.633736,18.421317,18.76748,19.096433,19.397653,19.449467,20.068073,20.253753,19.037712,19.621517,18.711844,19.26156,19.523703,18.51795,18.496402,18.251559,18.14187,19.254434,19.448],"highs":[19.605692,19.92357,18.946476,19.225707,18.030052,17.749311,17.779302,18.405375,18.675298,18.692168,18.346769,18.044024,18.565206,18.434703,18.685243,18.916658,20.043127,19.651061,19.94103,20.537158,20.317276,19.204038,19.621517,18.911386,19.328074,19.523703,18.676607,18.798048,18.461145,19.115364,19.43464,19.448],"lows":[19.028131,18.280439,18.127095,17.092569,17.171305,17.134486,17.087626,17.391288,18.041728,18.203061,17.540087,17.26225,17.871572,17.536364,18.277879,18.603005,18.924307,19.254215,19.349784,19.882393,20.131595,18.926826,19.504141,18.584687,19.232217,19.435672,18.141871,18.241765,17.542495,18.14187,19.038974,18.84],"closes":[19.1714,18.920677,18.360552,17.477083,17.363562,17.640593,17.567488,18.272287,18.500973,18.166655,17.524757,18.007618,18.003784,18.413666,18.59918,18.635517,19.31159,19.588905,19.931257,20.410114,20.146254,19.051094,19.553047,18.897692,19.271341,19.435672,18.396507,18.345579,18.014551,19.072273,19.268147,18.962],"hoverRows":[[{"label":"Open","value":"19.1","className":"is-ohlc","compact":true},{"label":"High","value":"19.6","className":"is-ohlc","compact":true},{"label":"Low","value":"19.0","className":"is-ohlc","compact":true},{"label":"Close","value":"19.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.45","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.9","className":"is-ohlc","compact":true},{"label":"High","value":"19.9","className":"is-ohlc","compact":true},{"label":"Low","value":"18.3","className":"is-ohlc","compact":true},{"label":"Close","value":"18.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.62","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.8","className":"is-ohlc","compact":true},{"label":"High","value":"18.9","className":"is-ohlc","compact":true},{"label":"Low","value":"18.1","className":"is-ohlc","compact":true},{"label":"Close","value":"18.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.73","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.2","className":"is-ohlc","compact":true},{"label":"High","value":"19.2","className":"is-ohlc","compact":true},{"label":"Low","value":"17.1","className":"is-ohlc","compact":true},{"label":"Close","value":"17.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.02","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.7","className":"is-ohlc","compact":true},{"label":"High","value":"18.0","className":"is-ohlc","compact":true},{"label":"Low","value":"17.2","className":"is-ohlc","compact":true},{"label":"Close","value":"17.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.23","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.5","className":"is-ohlc","compact":true},{"label":"High","value":"17.7","className":"is-ohlc","compact":true},{"label":"Low","value":"17.1","className":"is-ohlc","compact":true},{"label":"Close","value":"17.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.45","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.6","className":"is-ohlc","compact":true},{"label":"High","value":"17.8","className":"is-ohlc","compact":true},{"label":"Low","value":"17.1","className":"is-ohlc","compact":true},{"label":"Close","value":"17.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.47","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.5","className":"is-ohlc","compact":true},{"label":"High","value":"18.4","className":"is-ohlc","compact":true},{"label":"Low","value":"17.4","className":"is-ohlc","compact":true},{"label":"Close","value":"18.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.44","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.0","className":"is-ohlc","compact":true},{"label":"High","value":"18.7","className":"is-ohlc","compact":true},{"label":"Low","value":"18.0","className":"is-ohlc","compact":true},{"label":"Close","value":"18.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.29","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.5","className":"is-ohlc","compact":true},{"label":"High","value":"18.7","className":"is-ohlc","compact":true},{"label":"Low","value":"18.2","className":"is-ohlc","compact":true},{"label":"Close","value":"18.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.18","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.9","className":"is-ohlc","compact":true},{"label":"High","value":"18.3","className":"is-ohlc","compact":true},{"label":"Low","value":"17.5","className":"is-ohlc","compact":true},{"label":"Close","value":"17.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.19","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.5","className":"is-ohlc","compact":true},{"label":"High","value":"18.0","className":"is-ohlc","compact":true},{"label":"Low","value":"17.3","className":"is-ohlc","compact":true},{"label":"Close","value":"18.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.00","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.6","className":"is-ohlc","compact":true},{"label":"High","value":"18.6","className":"is-ohlc","compact":true},{"label":"Low","value":"17.9","className":"is-ohlc","compact":true},{"label":"Close","value":"18.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.92","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.6","className":"is-ohlc","compact":true},{"label":"High","value":"18.4","className":"is-ohlc","compact":true},{"label":"Low","value":"17.5","className":"is-ohlc","compact":true},{"label":"Close","value":"18.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.69","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.4","className":"is-ohlc","compact":true},{"label":"High","value":"18.7","className":"is-ohlc","compact":true},{"label":"Low","value":"18.3","className":"is-ohlc","compact":true},{"label":"Close","value":"18.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.31","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.8","className":"is-ohlc","compact":true},{"label":"High","value":"18.9","className":"is-ohlc","compact":true},{"label":"Low","value":"18.6","className":"is-ohlc","compact":true},{"label":"Close","value":"18.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.1","className":"is-ohlc","compact":true},{"label":"High","value":"20.0","className":"is-ohlc","compact":true},{"label":"Low","value":"18.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.38","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"19.4","className":"is-ohlc","compact":true},{"label":"High","value":"19.7","className":"is-ohlc","compact":true},{"label":"Low","value":"19.3","className":"is-ohlc","compact":true},{"label":"Close","value":"19.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.68","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"19.4","className":"is-ohlc","compact":true},{"label":"High","value":"19.9","className":"is-ohlc","compact":true},{"label":"Low","value":"19.3","className":"is-ohlc","compact":true},{"label":"Close","value":"19.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.82","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.1","className":"is-ohlc","compact":true},{"label":"High","value":"20.5","className":"is-ohlc","compact":true},{"label":"Low","value":"19.9","className":"is-ohlc","compact":true},{"label":"Close","value":"20.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.97","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.3","className":"is-ohlc","compact":true},{"label":"High","value":"20.3","className":"is-ohlc","compact":true},{"label":"Low","value":"20.1","className":"is-ohlc","compact":true},{"label":"Close","value":"20.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.84","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.0","className":"is-ohlc","compact":true},{"label":"High","value":"19.2","className":"is-ohlc","compact":true},{"label":"Low","value":"18.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.6","className":"is-ohlc","compact":true},{"label":"High","value":"19.6","className":"is-ohlc","compact":true},{"label":"Low","value":"19.5","className":"is-ohlc","compact":true},{"label":"Close","value":"19.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.43","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.7","className":"is-ohlc","compact":true},{"label":"High","value":"18.9","className":"is-ohlc","compact":true},{"label":"Low","value":"18.6","className":"is-ohlc","compact":true},{"label":"Close","value":"18.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.19","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.3","className":"is-ohlc","compact":true},{"label":"High","value":"19.3","className":"is-ohlc","compact":true},{"label":"Low","value":"19.2","className":"is-ohlc","compact":true},{"label":"Close","value":"19.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.13","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.5","className":"is-ohlc","compact":true},{"label":"High","value":"19.5","className":"is-ohlc","compact":true},{"label":"Low","value":"19.4","className":"is-ohlc","compact":true},{"label":"Close","value":"19.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.09","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"18.5","className":"is-ohlc","compact":true},{"label":"High","value":"18.7","className":"is-ohlc","compact":true},{"label":"Low","value":"18.1","className":"is-ohlc","compact":true},{"label":"Close","value":"18.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.07","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"18.5","className":"is-ohlc","compact":true},{"label":"High","value":"18.8","className":"is-ohlc","compact":true},{"label":"Low","value":"18.2","className":"is-ohlc","compact":true},{"label":"Close","value":"18.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.25","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.3","className":"is-ohlc","compact":true},{"label":"High","value":"18.5","className":"is-ohlc","compact":true},{"label":"Low","value":"17.5","className":"is-ohlc","compact":true},{"label":"Close","value":"18.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.47","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.1","className":"is-ohlc","compact":true},{"label":"High","value":"19.1","className":"is-ohlc","compact":true},{"label":"Low","value":"18.1","className":"is-ohlc","compact":true},{"label":"Close","value":"19.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.53","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.3","className":"is-ohlc","compact":true},{"label":"High","value":"19.4","className":"is-ohlc","compact":true},{"label":"Low","value":"19.0","className":"is-ohlc","compact":true},{"label":"Close","value":"19.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.48","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.4","className":"is-ohlc","compact":true},{"label":"High","value":"19.4","className":"is-ohlc","compact":true},{"label":"Low","value":"18.8","className":"is-ohlc","compact":true},{"label":"Close","value":"19.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.33","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[17.180769,20.592907],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.332866,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":32,"relationship":{"sameWeekCorrelation":0.53,"forwardCorrelation":-0.38,"directionalAgreement":55.6,"sample":27,"correlationSample":31,"label":"Strong relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.5,"medianWeeksInZone":1.5,"averageWeeksToHigher":1.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":5.3,"averageReturn":5.3,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":9.1,"averageReturn":9.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":9.1,"averageReturn":9.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.1,"sample":2},{"week":2,"averageReturn":1.8,"sample":2},{"week":3,"averageReturn":2.8,"sample":2},{"week":4,"averageReturn":5.3,"sample":2},{"week":5,"averageReturn":6.1,"sample":2},{"week":6,"averageReturn":7.1,"sample":2},{"week":7,"averageReturn":6.0,"sample":2},{"week":8,"averageReturn":8.4,"sample":2},{"week":9,"averageReturn":9.7,"sample":2},{"week":10,"averageReturn":10.2,"sample":2},{"week":11,"averageReturn":7.6,"sample":2},{"week":12,"averageReturn":9.1,"sample":2},{"week":13,"averageReturn":9.2,"sample":2},{"week":14,"averageReturn":11.0,"sample":2},{"week":15,"averageReturn":12.5,"sample":2},{"week":16,"averageReturn":10.9,"sample":2},{"week":17,"averageReturn":10.0,"sample":2},{"week":18,"averageReturn":5.9,"sample":2},{"week":19,"averageReturn":10.4,"sample":2},{"week":20,"averageReturn":9.0,"sample":2},{"week":21,"averageReturn":9.2,"sample":2},{"week":22,"averageReturn":11.2,"sample":1},{"week":23,"averageReturn":5.3,"sample":1},{"week":24,"averageReturn":5.0,"sample":1},{"week":25,"averageReturn":3.1,"sample":1},{"week":26,"averageReturn":9.1,"sample":1}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-7.4,"averageReturn":-7.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-7.1,"averageReturn":-7.1,"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":-1.3,"sample":1},{"week":2,"averageReturn":-6.7,"sample":1},{"week":3,"averageReturn":-4.2,"sample":1},{"week":4,"averageReturn":-7.4,"sample":1},{"week":5,"averageReturn":-5.6,"sample":1},{"week":6,"averageReturn":-4.8,"sample":1},{"week":7,"averageReturn":-9.9,"sample":1},{"week":8,"averageReturn":-10.1,"sample":1},{"week":9,"averageReturn":-11.7,"sample":1},{"week":10,"averageReturn":-6.6,"sample":1},{"week":11,"averageReturn":-5.6,"sample":1},{"week":12,"averageReturn":-7.1,"sample":1},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":5.7,"averageExpectedMove":5.7,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.2,"medianReturn":1.2,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-6.7,"medianReturn":-6.7,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.0,"sample":2},{"week":2,"averageReturn":-1.2,"sample":2},{"week":3,"averageReturn":-0.8,"sample":2},{"week":4,"averageReturn":1.2,"sample":2},{"week":5,"averageReturn":-1.1,"sample":2},{"week":6,"averageReturn":-0.6,"sample":2},{"week":7,"averageReturn":-2.1,"sample":1},{"week":8,"averageReturn":-0.2,"sample":1},{"week":9,"averageReturn":0.6,"sample":1},{"week":10,"averageReturn":-4.7,"sample":1},{"week":11,"averageReturn":-5.0,"sample":1},{"week":12,"averageReturn":-6.7,"sample":1},{"week":13,"averageReturn":-1.2,"sample":1},{"week":14,"averageReturn":-0.2,"sample":1},{"week":15,"averageReturn":-1.8,"sample":1},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":1.8,"averageExpectedMove":1.8,"averageWeeksToLargestMove":4.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.8,"medianReturn":6.1,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":11.4,"medianReturn":11.4,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":11.0,"medianReturn":11.0,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.4,"sample":3},{"week":2,"averageReturn":0.6,"sample":3},{"week":3,"averageReturn":4.7,"sample":3},{"week":4,"averageReturn":5.8,"sample":3},{"week":5,"averageReturn":4.7,"sample":3},{"week":6,"averageReturn":5.6,"sample":2},{"week":7,"averageReturn":7.7,"sample":2},{"week":8,"averageReturn":8.7,"sample":2},{"week":9,"averageReturn":11.3,"sample":2},{"week":10,"averageReturn":11.0,"sample":2},{"week":11,"averageReturn":8.0,"sample":2},{"week":12,"averageReturn":11.4,"sample":2},{"week":13,"averageReturn":10.3,"sample":2},{"week":14,"averageReturn":12.4,"sample":2},{"week":15,"averageReturn":14.2,"sample":2},{"week":16,"averageReturn":10.5,"sample":2},{"week":17,"averageReturn":7.2,"sample":2},{"week":18,"averageReturn":7.7,"sample":2},{"week":19,"averageReturn":8.8,"sample":2},{"week":20,"averageReturn":10.5,"sample":2},{"week":21,"averageReturn":10.1,"sample":2},{"week":22,"averageReturn":5.9,"sample":1},{"week":23,"averageReturn":5.7,"sample":1},{"week":24,"averageReturn":3.7,"sample":1},{"week":25,"averageReturn":9.8,"sample":1},{"week":26,"averageReturn":11.0,"sample":1}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":2.5,"averageExpectedMove":2.5,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":2.5,"medianReturn":2.5,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":8.6,"medianReturn":8.6,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.2,"sample":3},{"week":2,"averageReturn":0.3,"sample":2},{"week":3,"averageReturn":0.4,"sample":2},{"week":4,"averageReturn":2.5,"sample":2},{"week":5,"averageReturn":3.4,"sample":2},{"week":6,"averageReturn":5.8,"sample":2},{"week":7,"averageReturn":5.6,"sample":2},{"week":8,"averageReturn":2.7,"sample":2},{"week":9,"averageReturn":5.9,"sample":2},{"week":10,"averageReturn":4.9,"sample":2},{"week":11,"averageReturn":6.9,"sample":2},{"week":12,"averageReturn":8.6,"sample":2},{"week":13,"averageReturn":5.1,"sample":2},{"week":14,"averageReturn":1.9,"sample":2},{"week":15,"averageReturn":2.4,"sample":2},{"week":16,"averageReturn":3.5,"sample":2},{"week":17,"averageReturn":5.1,"sample":2},{"week":18,"averageReturn":4.7,"sample":2},{"week":19,"averageReturn":0.7,"sample":1},{"week":20,"averageReturn":0.4,"sample":1},{"week":21,"averageReturn":-1.4,"sample":1},{"week":22,"averageReturn":4.4,"sample":1},{"week":23,"averageReturn":5.5,"sample":1},{"week":24,"averageReturn":3.8,"sample":1},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":2.0,"medianReturn":2.0,"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":2.6,"sample":1},{"week":2,"averageReturn":-0.8,"sample":1},{"week":3,"averageReturn":1.2,"sample":1},{"week":4,"averageReturn":2.0,"sample":1},{"week":5,"averageReturn":-3.4,"sample":1},{"week":6,"averageReturn":-3.7,"sample":1},{"week":7,"averageReturn":-5.4,"sample":1},{"week":8,"averageReturn":0.1,"sample":1},{"week":9,"averageReturn":1.1,"sample":1},{"week":10,"averageReturn":-0.5,"sample":1},{"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}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":6.7,"averageExpectedMove":6.7,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.2,"medianReturn":1.2,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-6.7,"medianReturn":-6.7,"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":-2.0,"sample":2},{"week":2,"averageReturn":-1.2,"sample":2},{"week":3,"averageReturn":-0.8,"sample":2},{"week":4,"averageReturn":1.2,"sample":2},{"week":5,"averageReturn":-1.1,"sample":2},{"week":6,"averageReturn":-0.6,"sample":2},{"week":7,"averageReturn":-2.1,"sample":1},{"week":8,"averageReturn":-0.2,"sample":1},{"week":9,"averageReturn":0.6,"sample":1},{"week":10,"averageReturn":-4.7,"sample":1},{"week":11,"averageReturn":-5.0,"sample":1},{"week":12,"averageReturn":-6.7,"sample":1},{"week":13,"averageReturn":-1.2,"sample":1},{"week":14,"averageReturn":-0.2,"sample":1},{"week":15,"averageReturn":-1.8,"sample":1},{"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 conflict","tone":"negative","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"The gap can close through improving Market Dynamics or weakening price. Until one occurs, the upward structure carries elevated reversal risk and should not be read as fully aligned.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":8.6,"sample":2},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 8.6% across 2 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 2 cases. Distinct visits lasted 1.5 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 2.5% across 2 completed cases, with the largest move arriving after 2.0 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":19.31159}],"reversal_warnings":[{"date":"2026-05-08","price":19.31159},{"date":"2026-07-10","price":19.435672}],"reversal_dangers":[{"date":"2026-05-15","price":19.588905},{"date":"2026-07-17","price":18.396507}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[17.517,17.877,18.1715,18.0652,18.1184,18.5888,18.6952,18.282,18.3298,18.3675,18.8903,19.158,19.0659,19.2155,19.3823,19.7329,20.1305,20.0365,19.2625,19.5405,18.5015,19.4662,19.7069,19.2167,19.2823,19.355,19.1983,19.3863,19.1714,18.9207,18.3606,17.4771,17.3636,17.6406,17.5675,18.2723,18.501,18.1667,17.5248,18.0076,18.0038,18.4137,18.5992,18.6355,19.3116,19.5889,19.9313,20.4101,20.1463,19.0511,19.553,18.8977,19.2713,19.4357,18.3965,18.3456,18.0146,19.0723,19.2681,18.962],"consensus":[-40.6248,100.0,-31.7646,0.0,34.1964,59.0813,35.3378,-9.3982,12.2204,0.0,38.0603,59.2792,0.0,28.9172,30.3272,54.1183,53.5171,26.7968,-32.8172,15.3902,-52.3448,30.6775,33.2546,-32.9011,10.025,0.0,-24.5799,14.0866,-14.3779,-29.5901,-46.9025,-59.5108,-45.1623,-16.7112,-25.2422,25.991,23.3864,-18.1062,-43.4799,14.9592,-20.1269,28.5045,29.5952,8.5686,45.0286,49.3915,57.1285,62.7667,16.8399,-25.379,14.4142,-18.178,0.0,0.0,-49.393,-33.2991,-43.4838,35.553,25.0757,-16.6888],"supportDates":["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","2026-08-21"],"control":[3.3452,0.0,30.1982,53.1332,0.0,13.3304,18.3591,47.4083,44.8845,23.5509,-32.7189,13.1703,-42.4324,37.9873,34.3243,-27.8408,4.2825,0.0,-26.6032,13.5711,-14.2698,-23.8898,-45.0335,-54.0527,-45.0894,-3.5667,-17.4553,27.9072,21.1436,-31.8749,-51.595,22.7338,-19.7796,34.4685,28.9041,2.2377,35.95,51.369,63.1125,61.3819,1.6513,-26.1831,21.6726,-8.0056,0.0,0.0,-45.3543,-35.4761,-36.3032,42.9946,20.9361,-21.9962],"force":[3.4294,0.0,42.8321,62.3639,0.0,20.1236,23.5938,61.4501,66.8921,4.4863,-82.2134,28.5604,-83.7856,64.3903,43.8626,-73.6525,14.0743,0.0,-33.1101,25.1784,-21.268,-45.9912,-52.9198,-69.1919,-26.0267,-11.2541,-7.0699,51.6138,34.1526,-22.4241,-51.2013,46.7444,-21.2224,40.1104,27.7782,2.2583,53.156,40.3297,45.9509,63.9968,13.8713,-42.7761,9.7508,-19.2031,0.0,0.0,-60.9209,-19.2332,-42.6352,78.9837,26.545,-49.6092],"direction":[28.6428,0.0,43.637,64.1,0.0,53.012,48.8147,56.5499,53.8294,46.4424,-2.3535,8.5198,-41.2156,1.7571,24.4549,-9.5763,13.6956,0.0,-16.1746,6.753,-9.58,-24.3897,-44.7405,-58.8337,-58.9141,-51.7086,-47.1218,5.4992,18.2595,-0.7136,-28.69,16.6299,-19.7414,13.3985,31.6829,28.6522,49.5987,53.6042,58.2737,63.4706,56.1348,-12.0336,9.4499,-29.0713,0.0,0.0,-45.7745,-40.8582,-52.2965,3.9735,28.7572,-12.8915],"intensity":[25.0,11.1111,100.0,90.9091,100.0,61.5385,14.2857,20.0,62.5,17.6471,66.6667,10.5263,85.0,71.4286,36.3636,39.1304,29.1667,20.0,7.6923,11.1111,14.2857,65.5172,80.0,87.0968,90.625,15.1515,5.8824,57.1429,52.7778,27.027,55.2632,43.5897,52.5,39.0244,66.6667,18.6047,90.9091,33.3333,28.2609,53.1915,12.5,93.8776,50.0,76.4706,55.7692,9.6154,96.1538,5.7692,63.4615,86.5385,75.0,21.1538],"confirmation":[26.4445,47.2859,80.4445,87.157,32.2759,77.223,77.6819,85.6436,85.6646,53.2778,57.8438,73.3601,85.8596,56.441,78.9485,79.8474,48.7523,1.2018,76.0947,50.1869,72.8126,78.0555,83.2207,87.4217,81.8699,7.0965,52.9757,54.4022,75.8459,51.2013,82.0252,31.8515,74.4793,77.3843,77.4256,26.2025,82.7952,83.499,85.8493,88.1439,7.6435,76.6392,72.3598,74.0032,3.1097,25.8406,84.2186,78.1939,81.9984,58.7682,76.1321,22.8094],"persistence":[37.5,25.0,50.0,62.5,50.0,50.0,50.0,75.0,75.0,87.5,62.5,62.5,50.0,50.0,50.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,37.5,37.5,62.5,75.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,0.0,25.0,25.0,25.0,50.0,75.0,75.0,100.0,75.0,75.0,50.0,37.5,25.0,0.0,25.0,50.0,25.0,25.0,25.0],"assessmentRisk":[27.1991,38.9815,12.0044,20.2452,46.1543,35.438,33.2553,22.0864,23.2259,36.4583,0.8212,33.407,23.7726,55.9749,18.7433,11.5719,40.6048,8.9796,25.874,9.084,3.7353,20.9025,23.1435,20.1866,27.3481,41.3421,36.6043,35.3902,38.0561,52.94,16.5335,34.3278,30.7174,10.5418,34.3224,40.6722,27.3967,25.1409,21.3637,18.61,40.61,27.4012,39.675,40.7027,48.3467,31.0272,23.6927,21.1323,27.0962,44.4559,32.0836,46.9054],"volumeParticipation":true,"latest":{"consensus":-16.7,"control":-22.0,"force":-49.6,"direction":-12.9,"confirmation":22.8,"persistence":25.0,"assessmentRisk":46.9,"intensity":21.2,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the Market Dynamics view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward Market Dynamics view stronger support.","take":"Current assessment: the visible price structure remains vulnerable until Market Dynamics changes.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-16.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-22.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-49.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-12.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"23/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"51.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"17.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"54%","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":[17.517,17.877,18.1715,18.0652,18.1184,18.5888,18.6952,18.282,18.3298,18.3675,18.8903,19.158,19.0659,19.2155,19.3823,19.7329,20.1305,20.0365,19.2625,19.5405,18.5015,19.4662,19.7069,19.2167,19.2823,19.355,19.1983,19.3863,19.1714,18.9207,18.3606,17.4771,17.3636,17.6406,17.5675,18.2723,18.501,18.1667,17.5248,18.0076,18.0038,18.4137,18.5992,18.6355,19.3116,19.5889,19.9313,20.4101,20.1463,19.0511,19.553,18.8977,19.2713,19.4357,18.3965,18.3456,18.0146,19.0723,19.2681,18.962],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,17.8234,17.9626,18.0958,18.1296,18.166,18.2026,18.3277,18.4787,18.5854,18.7,18.824,18.9893,19.1968,19.3495,19.3337,19.3713,19.2131,19.2591,19.3405,19.318,19.3115,19.3194,19.2974,19.3136,19.2877,19.221,19.0645,18.7759,18.5191,18.3594,18.2154,18.2257,18.2758,18.2559,18.123,18.102,18.0842,18.1441,18.2268,18.3011,18.4848,18.6856,18.9121,19.1844,19.3593,19.3033,19.3487,19.2667,19.2675,19.2981,19.1342,18.9908,18.8133,18.8604,18.9345,18.9395],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,18.1439,18.2233,18.3092,18.4146,18.5417,18.6524,18.6976,18.7601,18.7409,18.7946,18.8622,18.8885,18.9176,18.95,18.9684,18.9994,19.0121,19.0053,18.9576,18.8479,18.738,18.6567,18.576,18.5535,18.5496,18.5212,18.4474,18.4148,18.3844,18.3866,18.4023,18.4196,18.4857,18.5674,18.6684,18.7974,18.8973,18.9087,18.9565,18.9521,18.9758,19.0098,18.9644,18.9186,18.8516,18.8679,18.8976,18.9024],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,18.8476,18.9965,19.1965,19.3054,19.4275,19.5644,19.7658,20.0321,20.2087,20.2145,20.2546,20.1839,20.2042,20.2689,20.247,20.2193,20.2303,20.2315,20.1967,20.1377,20.0707,20.1375,20.3734,20.5443,20.6077,20.6377,20.5519,20.3767,20.2005,20.178,20.065,20.0591,19.9451,19.7793,19.7051,19.7106,19.7598,19.9148,20.153,20.3308,20.3437,20.4529,20.4523,20.4572,20.4858,20.4321,20.43,20.4461,20.4575,20.4066,20.3755],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,17.5549,17.5312,17.4803,17.4833,17.4785,17.4656,17.4163,17.3312,17.3051,17.3525,17.3881,17.5573,17.6959,17.7847,17.9217,18.0658,18.1315,18.1806,18.3258,18.469,18.5913,18.4715,18.0676,17.7264,17.5055,17.294,17.2338,17.2461,17.2353,17.0839,17.0437,16.9998,17.0086,17.0635,17.0797,17.0771,17.0512,16.9696,16.8337,16.7534,16.7536,16.7636,16.9063,17.0921,17.2431,17.3797,17.3891,17.3244,17.4035,17.6288,17.7553],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","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,97.6514,189.0599,416.0513,67.3736,473.4793,291.4725,193.5392,445.3393,287.2599,129.7402,147.6095,330.5568,293.7553,269.6038,123.1161,187.3522,205.9945,142.9523,107.1263,70.9129,161.5093,94.9672,195.6244,103.4557,87.9656,43.6411,43.7766,84.73,46.4154,78.6643,23.047,78.2817,107.6654,62.405,37.0625,50.8628,75.4072,122.7975,104.7102,56.8867,154.7889,19.3406,47.4171,8.1975,27.9476,43.5876,3.6119,85.9543,36.7584,127.6947,142.9137,105.9865,254.6706],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,128.6418,135.0,135.0,135.0,135.0,123.5313,131.737,135.0,135.0,135.0,130.8426,120.1649,130.7314,119.5515,124.9906,134.0932,122.9764,131.2303,135.0,130.9115,135.0,129.7301,118.035,111.5393,106.0009,103.2767,106.0096,100.8538,103.5997,108.3286,106.9655,102.492,108.5176,105.1983,107.1253,109.6504,113.1949,118.916,123.7826,126.4018,133.404,132.572,130.7666,131.0533,130.1407,131.5351,131.6459,129.1219,128.0738,124.5067,128.7012,131.7356,124.2597],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"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":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-12.5469,-13.1355,-11.7437,-14.9078,-14.6601,-16.3761,-13.6428,-12.2161,-11.8515],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","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,4.0399,3.957,3.8536,3.8399,4.1418,4.3921,4.4127,4.874,4.7391,4.5689,4.6323,4.5008,4.2942,4.1749,4.0206,3.9904,4.3748,4.505,5.2665,5.2756,5.0707,5.0094,4.8686,4.7095,4.6459,4.8009,4.6485,4.5926,4.5181,4.31,4.116,4.2088,3.9976,3.8602,3.7295,3.6072,3.9993,3.8267,4.0426,3.8406,3.6288,4.0623,3.9992,4.146,4.0487,3.8679,3.8787],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,7.1023,8.0229,9.3585,9.9057,10.5618,11.3357,12.6379,14.4576,15.4799,15.2366,15.23,13.9188,13.2367,13.056,12.1843,11.2498,10.942,10.6784,9.7134,8.6443,7.6529,8.6298,11.9967,14.7259,16.2786,17.6304,17.5626,16.6421,15.8417,16.6071,16.2837,16.51,15.893,14.7426,14.2745,14.3171,14.7162,15.9702,17.9486,19.2932,19.3555,19.8264,18.9834,17.9235,17.1898,16.1455,16.0815,16.5299,16.1329,14.6061,13.7435],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,54.5462,52.2734,49.9334,46.6683,43.9238,42.9083,41.9653,41.1377,40.4335,38.3082,35.7978,33.4332,32.3599,31.759,30.1328,29.1242,27.7032,25.955,25.5194,25.115,25.0977,25.7347,26.3262,24.7509,23.8112,22.5062,21.0284,19.8949,19.5713,19.1115,19.3491,18.7178,17.7472,17.0603],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,39.2594,36.8987,34.5571,38.6393,33.4205,30.4405,27.7342,24.625,22.3516,21.89,21.4731,20.4519,20.8412,20.0679,19.1622,18.1288,15.5583,14.4575,12.0642,11.2563,10.7037,10.1028,14.3071,15.7768,15.2665,14.221,13.2723,16.9794,15.6698,17.3334,18.976,26.5281,25.5678,26.8564,30.8002,29.957,26.5323,29.0729,26.4407,29.3638,30.5946,26.8113,26.5415,24.2097,27.7962,29.8021,28.0424],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,5.3893,5.0652,5.788,5.2872,7.4436,7.2853,9.0462,13.3833,12.1478,11.5572,10.8549,12.1401,11.771,11.7332,12.0653,12.2089,16.9299,17.0562,22.261,20.7703,20.0446,19.2996,17.7282,16.8074,16.1117,20.6368,21.6309,20.3348,21.6444,20.8587,20.2421,17.7381,17.096,16.1576,15.1648,14.7497,24.3581,23.0317,29.5432,28.3161,27.5924,36.5463,34.567,38.2176,34.3259,33.0242,33.0066],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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","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,50.7902,53.4285,55.5059,49.8279,58.5534,46.1552,50.208,54.7241,64.2193,74.9883,72.4407,51.4818,59.0085,30.8703,56.9961,63.5161,50.2389,52.0171,53.9845,48.0726,48.5003,41.1957,33.3647,15.8699,9.7062,6.8406,13.8336,12.0979,29.8667,35.6322,27.2036,11.4784,24.1576,24.057,34.8199,39.6912,47.8434,75.0915,84.6313,96.2149,96.3171,88.6679,56.9198,71.4712,52.4728,63.3047,68.0685,37.9437,36.4674,26.871,57.5338,63.2121,54.3371],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-4.6511,-4.4018,-4.2054,-7.5348,-6.2244,-9.4435,-8.7327,-7.9407,-6.2754,-4.3867,-4.8335,-8.5093,-7.1893,-12.1243,-7.5422,-6.3987,-8.7273,-8.4155,-8.0704,-8.8147,-7.9215,-8.9423,-10.1331,-12.7935,-16.9897,-17.5289,-16.2131,-16.5603,-13.2128,-12.1266,-13.7145,-16.1331,-13.8223,-13.8406,-11.8791,-10.9913,-8.3031,-3.6795,-2.2662,-0.5581,-0.6186,-1.9034,-7.236,-4.7919,-7.9829,-6.1635,-5.3634,-10.4233,-10.6713,-12.2831,-7.1329,-6.1791,-7.6698],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,5.3016,5.577,5.7938,8.8055,10.3475,9.8166,10.6786,11.6391,13.6586,15.949,15.4072,10.9495,12.5503,6.5657,12.1223,13.509,10.6851,11.0633,11.4818,9.8287,8.8163,7.388,5.9836,2.8461,2.2496,1.5854,3.2062,2.8082,6.9329,8.2712,6.3147,2.5582,5.384,5.3615,7.7602,8.8459,9.0585,13.0151,14.638,16.6415,19.4438,17.8997,11.4906,14.4281,10.5928,12.7795,13.7412,7.6598,7.3618,5.4245,11.6145,12.7608,10.9692],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/b98caec7-bbef-4fc9-a9fa-779a55817e8c/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/b98caec7-bbef-4fc9-a9fa-779a55817e8c/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/b98caec7-bbef-4fc9-a9fa-779a55817e8c/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/b98caec7-bbef-4fc9-a9fa-779a55817e8c/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/b98caec7-bbef-4fc9-a9fa-779a55817e8c/technical-pack/data.json"},"source_fingerprint":"e026036b4bd0ffc5b14aa98c61f1d457e21b0d5dc97ead26ae55e38d3c45402e","content_hash":"10d6bdc8eae806bc9962eddd4a5bbe69bcd14a7fa39f642ba1f537813a969297","citation":"Sharemaestro, FEPI Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/b98caec7-bbef-4fc9-a9fa-779a55817e8c/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."}