{"schema_version":"1.0","name":"H417 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"bf5a0e53-798d-4d31-a4e9-b549b4bf995e","symbol":"H417","name":"HSBC PLUS Emerging Markets Equity Income Quant Active UCITS ETF USD Dist","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Range pressure and compression, Directional strength and control, Acceleration, deceleration and rollover, 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":52,"displayedObservations":52,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.695133,0.771413,0.488808,0.259697,0.080658,0.076927,0.113127,0.21874,0.4196,0.540742,0.664163,0.833625,0.803671,0.89261,0.977677,0.993759,0.965993,0.908984,0.560674,0.185077,-0.139237,-0.523378,-0.45404,-0.31713],"opens":[9.858,10.088,9.579,9.649,9.902,10.286,10.76,10.882,11.042,11.652,11.326,11.674,11.758,11.74,12.444,11.96,11.854406,11.709768,10.931099,11.137158,11.380864,11.308,11.492,11.84],"highs":[10.236,10.398,10.03,9.973,10.44,10.876,10.878,10.882,11.588,11.698,11.558,12.022,11.824,12.002,12.444,11.998,11.943567,11.753358,11.095551,11.571074,11.426436,11.61,11.794,11.926],"lows":[9.804,9.806,9.579,9.588,9.825,10.286,10.712,10.712,10.956,11.29,11.108,11.674,11.598,11.74,12.396,11.898,11.854406,11.709768,10.931099,11.137158,10.712,11.198,11.42,11.52],"closes":[10.048,9.806,9.682,9.846,10.362,10.876,10.87,10.824,11.588,11.348,11.558,11.94,11.598,11.95,12.4,11.998,11.931679,11.753358,11.095551,11.301611,11.198,11.46,11.708,11.708],"hoverRows":[[{"label":"Open","value":"9.86","className":"is-ohlc","compact":true},{"label":"High","value":"10.2","className":"is-ohlc","compact":true},{"label":"Low","value":"9.80","className":"is-ohlc","compact":true},{"label":"Close","value":"10.0","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.8","className":"is-ohlc","compact":true},{"label":"High","value":"11.9","className":"is-ohlc","compact":true},{"label":"Low","value":"11.5","className":"is-ohlc","compact":true},{"label":"Close","value":"11.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","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":[9.51892,12.56308],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.31713,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":24,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":11.94}],"reversal_dangers":[{"date":"2026-06-05","price":11.598}]}},"smTape":{"available":true,"dates":["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":[8.4686,8.5063,8.8314,8.885,8.8105,9.0421,8.8343,9.0779,10.7353,9.4029,9.1944,9.3957,9.0748,9.2651,9.3459,9.1615,9.2392,9.2482,9.5432,9.7724,9.9389,9.9807,10.02,10.158,10.258,10.6,10.668,10.076,10.048,9.806,9.682,9.846,10.362,10.876,10.87,10.824,11.588,11.348,11.558,11.94,11.598,11.95,12.4,11.998,11.9317,11.7534,11.0956,11.3016,11.198,11.46,11.708,11.708],"consensus":[-93.699,24.1385,100.0,53.3967,45.4388,81.4763,-16.265,68.0696,81.9404,17.7746,0.0,44.2681,-42.9492,32.5992,37.6542,-39.3444,24.8448,9.2846,51.87,65.1686,59.6093,49.3055,36.1918,66.091,46.1281,78.5109,48.6463,-31.9858,0.0,-49.8701,-37.8526,0.0,55.7819,66.2688,47.9888,34.1888,82.7775,8.2843,60.7303,63.5753,0.0,60.0991,42.9986,26.5266,36.1648,0.0,-30.0038,-9.0777,-29.6056,11.7483,45.0897,13.1171],"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":[null,null,null,null,null,79.6742,-24.0757,64.799,87.6844,4.6296,0.0,30.7201,-35.28,37.2934,37.6526,-33.0496,25.0438,17.2034,63.6182,71.3151,60.2526,49.3113,31.1166,64.881,40.762,81.7276,40.0489,-33.9318,0.0,-38.6524,-24.8992,0.0,55.064,77.3601,54.1849,31.6656,87.5041,2.4122,69.2551,69.9588,0.0,67.5932,33.7434,35.3833,40.5405,0.0,-19.6788,-3.4492,-16.3862,21.3847,38.7016,8.318],"force":[-93.699,24.1385,100.0,53.3967,22.2753,86.7595,-73.9088,69.7961,57.9994,11.5959,0.0,60.9541,-67.4305,64.6435,44.2089,-77.8591,40.6183,6.2465,52.2975,70.4574,59.7771,35.3915,13.6766,78.6259,38.6131,90.4935,37.6938,-85.3188,0.0,-86.6912,-48.7634,0.0,81.0485,61.0706,24.4052,7.8904,97.5895,46.4183,43.7446,47.6529,0.0,44.9993,23.5491,8.6206,13.3512,0.0,-21.5835,-6.7235,-35.8614,33.0986,75.5117,2.7023],"direction":[null,null,null,null,93.8061,79.7622,-33.8357,70.5741,92.4765,53.7765,0.0,47.833,-34.2272,4.3457,32.9742,-19.028,13.3507,2.4045,38.1382,54.3664,58.7543,59.2374,58.0744,58.5204,57.6287,66.2758,66.2951,-8.333,0.0,-36.3895,-44.863,0.0,38.5548,57.306,57.753,55.8572,66.7958,59.5823,63.1204,67.6532,0.0,62.3198,67.4686,41.5098,47.4596,0.0,-47.8183,-34.6808,-40.245,14.5148,30.6604,26.041],"intensity":[null,null,null,null,50.0,60.0,50.0,85.7143,100.0,88.8889,40.0,27.2727,75.0,23.0769,21.4286,26.6667,18.75,29.4118,77.7778,89.4737,65.0,4.7619,27.2727,21.7391,75.0,88.0,69.2308,92.5926,82.1429,58.6207,90.0,25.8065,90.625,87.8788,85.2941,2.8571,94.4444,70.2703,42.1053,89.7436,72.5,75.6098,92.8571,81.3953,9.0909,28.8889,95.6522,78.7234,75.0,79.5918,48.0,13.7255],"confirmation":[52.6503,30.391,54.6667,39.7536,18.573,94.2609,36.7275,89.8847,93.4038,7.4669,31.3685,82.8808,82.6067,56.6701,80.2491,81.8599,76.428,25.4245,84.4324,88.9215,87.0703,83.3536,78.9725,89.5496,82.6137,93.4397,83.364,36.2756,24.776,85.2515,80.6427,28.5495,86.6312,88.8786,82.5433,55.5107,94.8682,11.564,86.7861,87.7616,33.3147,86.6573,81.3078,31.7881,78.8108,31.0923,77.5019,27.451,77.8659,30.0265,83.4532,35.4863],"persistence":[null,null,33.3333,50.0,60.0,66.6667,42.8571,50.0,75.0,75.0,62.5,62.5,37.5,37.5,62.5,37.5,37.5,37.5,50.0,50.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,75.0,62.5,37.5,12.5,0.0,0.0,0.0,0.0,25.0,37.5,62.5,87.5,100.0,87.5,87.5,87.5,87.5,87.5,75.0,50.0,25.0,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,26.3393,9.2039,8.9697,5.8321,8.9443,14.1967,26.2899,0.2234,27.9606,27.2613,6.8137,1.5427,0.6035,6.0171,10.4865,5.3428,10.9049,22.6502,31.4371,16.085,25.1658,10.7371,25.6725,1.3112,37.4984,24.9551,31.0491,39.278,13.966,16.8082,25.9799,32.7908,8.5303,39.2267,17.6839,18.0073,2.6122,17.3763,27.9844,5.0289,18.675,28.5016,34.8888,42.8263,32.9897,41.215,25.0041,35.682],"volumeParticipation":true,"latest":{"consensus":13.1,"control":8.3,"force":2.7,"direction":26.0,"confirmation":35.5,"persistence":12.5,"assessmentRisk":35.7,"intensity":13.7,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+13.1","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+8.3","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+2.7","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+26.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"35/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"59.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.7%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"33.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"74%","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":[8.4686,8.5063,8.8314,8.885,8.8105,9.0421,8.8343,9.0779,10.7353,9.4029,9.1944,9.3957,9.0748,9.2651,9.3459,9.1615,9.2392,9.2482,9.5432,9.7724,9.9389,9.9807,10.02,10.158,10.258,10.6,10.668,10.076,10.048,9.806,9.682,9.846,10.362,10.876,10.87,10.824,11.588,11.348,11.558,11.94,11.598,11.95,12.4,11.998,11.9317,11.7534,11.0956,11.3016,11.198,11.46,11.708,11.708],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,8.6406,8.7136,8.7356,8.7978,9.1501,9.196,9.1957,9.2321,9.2035,9.2147,9.2385,9.2245,9.2272,9.231,9.2878,9.3759,9.4783,9.5696,9.6515,9.7436,9.8371,9.9758,10.1017,10.097,10.0881,10.0368,9.9723,9.9493,10.0244,10.1792,10.3048,10.3992,10.6153,10.7486,10.8957,11.0856,11.1788,11.319,11.5155,11.6033,11.663,11.6794,11.5732,11.5239,11.4646,11.4638,11.5082,11.5445],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,8.9169,8.9427,8.9725,8.9865,9.0052,9.0232,9.0617,9.1144,9.1755,9.2351,9.2933,9.3573,9.424,9.5111,9.5968,9.6323,9.6631,9.6737,9.6743,9.687,9.737,9.8214,9.8991,9.9676,10.0876,10.181,10.283,10.4057,10.494,10.6019,10.7351,10.8286,10.9103,10.9728,10.9819,11.0056,11.0198,11.0524,11.101,11.1459],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,10.2886,10.2462,10.2374,10.191,10.1667,10.1535,10.1233,10.1016,10.0821,10.0957,10.1408,10.2066,10.2618,10.3358,10.4239,10.5071,10.6613,10.785,10.8065,10.6828,10.6924,10.6842,10.6914,10.7268,10.871,10.991,11.0548,11.2934,11.4127,11.5799,11.8246,11.9587,12.1448,12.4045,12.5444,12.6563,12.7346,12.7465,12.745,12.7225,12.668,12.5698,12.4383],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,7.8302,7.8972,7.96,8.0027,8.051,8.0959,8.1307,8.1656,8.1977,8.2266,8.2426,8.3239,8.4161,8.461,8.5001,8.5617,8.5633,8.623,8.7013,8.7563,8.7869,8.844,8.8818,8.9752,8.992,9.0244,9.1268,9.1232,9.2138,9.2481,9.2201,9.252,9.2628,9.2411,9.2852,9.3407,9.3777,9.4086,9.5326,9.6701,9.89,10.1908,10.5085],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,0.0,11.6762,0.0,652.2864,455.8743,3.1424,338.3304,408.1517,264.5959,97.2731,5.6009,1.7988,10.5139,22.4319,180.9655,3.3316,371.9761,49.444,72.8818,351.0539,75.4473,356.0801,193.8205,230.529,8.8692,73.5065,1.492,0.0431,1.1705,83.3854,81.5887,0.0445,15.4352,40.3724,1.5654,0.0,9.1131,0.036,154.2205,0.0,2.0181,58.6884,22.5073,448.5264,1067.5774],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,65.0,120.3984,120.045,135.0,135.0,121.758,126.6178,126.8829,126.9637,127.4144,128.3868,135.0,135.0,135.0,135.0,135.0,135.0,132.8714,120.6597,113.2994,104.0967,104.4279,107.2761,107.3305,107.3291,107.2936,109.8485,107.2468,107.2482,107.7426,106.4306,106.4789,106.4789,106.2343,106.2334,101.9753,101.9753,102.0193,101.0702,101.3545,105.9987,105.9987],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,3.6923,3.5079,3.4667,3.336,3.1217,3.0307,2.9157,2.8526,2.8025,2.7463,2.775,2.787,2.7349,2.7296,3.1216,3.2138,3.4892,3.6141,3.5794,3.5822,3.5566,3.4134,3.2953,3.3291,3.4135,3.3902,3.3249,3.3891,3.2958,3.2339,3.4023,3.2628,3.2106,3.6874,3.6621,3.8877,3.7843,3.6677,3.6534],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,27.136,25.8948,25.0303,24.0548,23.2273,22.5502,21.8322,21.1966,20.6171,20.4031,20.6508,20.3207,19.7635,19.9486,20.3317,20.4035,21.8266,22.2805,21.5832,19.8216,19.5643,18.8462,18.4912,17.781,18.9187,19.6512,19.1067,21.2588,21.3207,22.3919,24.752,25.5225,26.9248,29.2286,29.8608,30.1454,30.3618,30.1325,28.8396,27.263,24.6298,20.9051,16.8193],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,63.0389,61.0946,58.3234,56.1162,53.2429,50.5748,49.1643,48.6031,48.0851,47.6108,48.1497,48.7711,48.6412,49.0801,49.2069,49.536,50.2988,49.3595,48.3561,46.983,43.7773,41.6467,38.8189,36.5169,34.6967,33.2318],"stroke":"#10243b","width":2.0},{"label":"Positive 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}