{"schema_version":"1.0","name":"NG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"bfe2dae2-cc00-44c3-8ded-71553a52624f","symbol":"NG","name":"National Grid plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Utilities","industry":"Utilities - Regulated Electric"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","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, Strength versus the research benchmark, Acceleration, deceleration and rollover, Range position and boundary pressure, Drawdown and recovery pressure, Activity pressure and cumulative balance."},{"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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.017572,0.201465,0.361082,0.571716,0.859717,0.924746,0.853545,0.664681,0.487714,0.296056,0.184223,0.066682,-0.174375,-0.275549,-0.307933,-0.39287,-0.531706,-0.708164,-0.951893,-1.050078,-1.121717,-0.976569,-0.789925,-0.514085,-0.171557,0.01426,0.142755,0.254054,0.273256,0.359901,0.575229,0.744321,1.086209,1.265154,1.374105,1.417478,1.396117,1.311366,1.33347,1.358262,1.164417,0.958358,0.739627,0.491291,0.407796,0.255314,-0.083004,-0.233839,-0.493816,-0.452905,-0.466494,-0.631493,-0.683518,-0.878419,-0.931259,-0.894437,-0.871396,-0.728275,-0.435588,0.025147,0.588074,1.028658,1.258262,1.345435,1.379711,1.351028,1.360101,1.131175,0.734174,0.598385,0.300721,0.158808,0.336186,0.284529,0.4002,0.565124,0.711832,0.975476,1.227087,1.441971,1.469464,1.425348,1.145569,0.743432,0.368959,-0.004597,-0.214932,-0.348206,-0.402893,-0.552264,-0.625998,-0.597211,-0.779182,-0.919116,-1.035882,-1.215694,-1.165852,-1.048294,-1.012519,-0.859661,-0.798176,-0.832071,-0.743624,-0.764331],"opens":[981.171534,999.156311,998.756606,1019.13942,1042.120074,1036.125047,1028.631281,997.557664,998.157124,1027.632305,1000.655013,982.969953,982.570291,979.972542,991.722673,989.724005,958.745202,941.357035,925.567862,941.157234,947.153038,913.176292,975.533749,953.748659,977.532316,980.730165,952.549414,964.541196,969.337881,929.165375,973.934776,975.533713,1007.311937,1001.316056,1023.301134,1075.76529,1075.26558,1070.268993,1055.778815,1065.272384,1097.250501,1050.085618,1034.591656,1058.082425,1040.089474,1067.078809,1046.08709,1032.592493,1060.581395,1065.579447,1075.075657,1052.584633,1049.585777,1053.584152,1039.589753,1035.091515,1052.584528,1033.092304,1061.08128,1080.573562,1111.06156,1132.553072,1146.547542,1138.050912,1169.538433,1168.039026,1134.71272,1143.710449,1134.712773,1121.216227,1123.71549,1140.711182,1160.706201,1192.19824,1206.194608,1195.697337,1236.686921,1290.173422,1358.65601,1346.159174,1428.138416,1321.165504,1349.658379,1222.690444,1236.686962,1316.866619,1342.260222,1282.675332,1292.072936,1294.472364,1276.176893,1194.697591,1297.171599,1209.5,1212.5,1196.5,1257.0,1242.0,1229.5,1226.0,1250.0,1244.5,1184.5,1200.0],"highs":[994.959835,1006.650038,1024.113237,1052.53637,1061.103946,1048.614633,1049.114243,1004.152126,1035.625542,1028.631461,1010.646576,997.957261,991.562697,999.817082,997.918329,999.317428,965.540548,944.354988,945.554177,962.742491,951.350183,971.136647,984.337667,986.326254,997.118935,985.527853,957.546021,987.125743,977.53239,966.140093,996.319459,1011.309207,1077.763941,1019.803464,1082.26082,1102.746764,1088.256647,1077.763919,1060.775513,1102.247005,1102.746746,1056.583092,1065.579505,1060.081636,1083.572357,1085.571531,1047.586499,1062.080848,1084.72301,1080.073824,1093.06864,1064.57981,1064.57989,1067.578697,1042.588569,1056.58295,1059.581766,1058.582265,1081.073364,1105.163779,1131.55341,1153.045034,1159.542414,1183.532967,1181.533691,1183.03306,1146.709712,1159.706458,1141.211128,1151.708406,1141.21115,1163.805336,1195.045458,1201.195923,1208.194139,1239.68623,1300.670692,1366.654044,1398.645917,1407.643647,1428.138416,1386.149053,1375.651799,1261.680664,1324.664655,1354.457162,1345.781303,1302.670216,1322.465257,1310.068392,1310.168277,1294.672238,1304.169828,1219.5,1217.0,1212.0,1262.0,1251.0,1239.0,1262.5,1256.0,1245.5,1209.0,1206.5],"lows":[977.774378,989.164802,988.765029,1016.264833,1011.146182,1027.132695,986.966563,984.047085,993.885707,992.162218,966.383997,972.578807,957.791248,960.144152,977.873074,956.946393,933.562384,914.375476,924.168793,937.959406,912.176979,909.178905,949.751309,953.348908,972.934443,945.754056,939.558351,961.143493,909.978447,928.565809,963.941582,961.743144,998.318114,948.951796,1013.807617,1056.278505,1059.261527,1048.283931,999.317404,1050.78533,1025.095432,1032.092689,1027.594418,1037.590437,1038.090263,1027.094755,1018.098193,1029.723631,1047.586578,1039.589834,1051.584961,1029.593619,1037.090736,1039.58975,999.605521,1024.595582,1025.595225,1030.093488,1047.086802,1069.078098,1085.821475,1124.556228,1135.551872,1126.555366,1147.047309,1131.213685,1111.218711,1131.2136,1102.220946,1119.216693,1121.715996,1133.712954,1135.212654,1148.209393,1174.202779,1182.70055,1231.188329,1263.980101,1329.663441,1336.161717,1331.163018,1306.669174,1222.190645,1206.948458,1234.687468,1310.068413,1257.68162,1253.482788,1269.278704,1256.88175,1187.199467,1186.699616,1194.900024,1202.5,1199.998,1174.5,1245.5,1236.5,1226.0,1204.5,1216.0,1181.0,1174.5,1170.0],"closes":[994.160522,997.757507,1018.639832,1042.619507,1035.125854,1034.126953,996.158813,995.958984,1027.13269,997.757507,986.367188,974.976746,973.977539,993.121643,991.922424,957.546021,943.755432,927.966125,944.554871,951.150391,917.773193,962.542542,954.348145,979.131226,981.729492,956.546631,957.546021,974.334473,929.165344,965.540527,981.129822,1008.810913,1033.294312,1011.309265,1078.26355,1071.268311,1065.772095,1053.280518,1060.775513,1090.255371,1046.087158,1037.090698,1062.580688,1048.586182,1063.080444,1046.586914,1027.594482,1059.082031,1061.581055,1079.074219,1051.584961,1043.588257,1048.586182,1040.589355,1033.592041,1048.086304,1034.591675,1055.583496,1077.074951,1105.063843,1129.554199,1150.546021,1139.550293,1170.038208,1169.038574,1138.211914,1146.209839,1134.212891,1118.216919,1141.21106,1137.212158,1157.207031,1192.198242,1201.195923,1191.198486,1234.187622,1284.674805,1365.654297,1345.659302,1390.647949,1337.161499,1373.152344,1232.687988,1236.187012,1322.665161,1347.258911,1274.477417,1294.672241,1308.668701,1277.276611,1187.699341,1280.675781,1195.5,1217.5,1209.0,1212.0,1245.5,1244.0,1226.0,1257.0,1237.5,1190.0,1200.0,1193.5],"pressureRange":[-1.736391,1.736391],"priceRange":[868.466675,1390.647949],"zones":{"accumulationBoundary":0.06807,"distributionBoundary":0.93193},"latest":-0.764331,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"slight easing","fourWeekDirection":"strengthening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics weakened this week and 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":"23 Aug 2024","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Repairing","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.33,"forwardCorrelation":-0.12,"directionalAgreement":49.4,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":6.0,"medianWeeksInZone":6,"averageWeeksToHigher":4.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":1.1,"averageReturn":1.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":10.5,"averageReturn":10.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":11.8,"averageReturn":11.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":1},{"week":2,"averageReturn":-2.2,"sample":1},{"week":3,"averageReturn":-0.8,"sample":1},{"week":4,"averageReturn":1.1,"sample":1},{"week":5,"averageReturn":-0.7,"sample":1},{"week":6,"averageReturn":4.4,"sample":1},{"week":7,"averageReturn":6.9,"sample":1},{"week":8,"averageReturn":5.1,"sample":1},{"week":9,"averageReturn":9.6,"sample":1},{"week":10,"averageReturn":12.1,"sample":1},{"week":11,"averageReturn":10.1,"sample":1},{"week":12,"averageReturn":10.5,"sample":1},{"week":13,"averageReturn":11.9,"sample":1},{"week":14,"averageReturn":12.3,"sample":1},{"week":15,"averageReturn":14.7,"sample":1},{"week":16,"averageReturn":17.4,"sample":1},{"week":17,"averageReturn":16.5,"sample":1},{"week":18,"averageReturn":16.4,"sample":1},{"week":19,"averageReturn":12.1,"sample":1},{"week":20,"averageReturn":12.1,"sample":1},{"week":21,"averageReturn":15.6,"sample":1},{"week":22,"averageReturn":12.3,"sample":1},{"week":23,"averageReturn":11.0,"sample":1},{"week":24,"averageReturn":9.8,"sample":1},{"week":25,"averageReturn":9.6,"sample":1},{"week":26,"averageReturn":11.8,"sample":1}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":-1.9,"averageReturn":-4.1,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-7.9,"averageReturn":-8.6,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-12.6,"averageReturn":-12.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-5.2,"sample":3},{"week":2,"averageReturn":-3.1,"sample":3},{"week":3,"averageReturn":-5.7,"sample":3},{"week":4,"averageReturn":-4.1,"sample":3},{"week":5,"averageReturn":-7.3,"sample":3},{"week":6,"averageReturn":-6.1,"sample":3},{"week":7,"averageReturn":-5.4,"sample":3},{"week":8,"averageReturn":-5.1,"sample":3},{"week":9,"averageReturn":-8.7,"sample":3},{"week":10,"averageReturn":-6.7,"sample":3},{"week":11,"averageReturn":-10.6,"sample":3},{"week":12,"averageReturn":-8.6,"sample":3},{"week":13,"averageReturn":-13.0,"sample":3},{"week":14,"averageReturn":-10.1,"sample":3},{"week":15,"averageReturn":-11.6,"sample":3},{"week":16,"averageReturn":-11.0,"sample":3},{"week":17,"averageReturn":-10.9,"sample":3},{"week":18,"averageReturn":-10.1,"sample":3},{"week":19,"averageReturn":-10.2,"sample":3},{"week":20,"averageReturn":-10.6,"sample":3},{"week":21,"averageReturn":-11.3,"sample":3},{"week":22,"averageReturn":-11.8,"sample":3},{"week":23,"averageReturn":-11.5,"sample":2},{"week":24,"averageReturn":-13.5,"sample":2},{"week":25,"averageReturn":-12.1,"sample":1},{"week":26,"averageReturn":-12.6,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":9.2,"averageExpectedMove":9.0,"averageWeeksToLargestMove":7.8,"horizons":[{"weeks":4,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":1.5,"medianReturn":2.7,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":3.8,"medianReturn":4.7,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":3.5,"medianReturn":4.4,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":19},{"week":2,"averageReturn":0.8,"sample":19},{"week":3,"averageReturn":0.6,"sample":19},{"week":4,"averageReturn":1.5,"sample":19},{"week":5,"averageReturn":2.2,"sample":19},{"week":6,"averageReturn":2.9,"sample":19},{"week":7,"averageReturn":3.2,"sample":19},{"week":8,"averageReturn":4.2,"sample":19},{"week":9,"averageReturn":4.1,"sample":19},{"week":10,"averageReturn":4.7,"sample":19},{"week":11,"averageReturn":3.7,"sample":19},{"week":12,"averageReturn":3.8,"sample":19},{"week":13,"averageReturn":4.8,"sample":19},{"week":14,"averageReturn":4.1,"sample":19},{"week":15,"averageReturn":4.3,"sample":19},{"week":16,"averageReturn":4.3,"sample":19},{"week":17,"averageReturn":4.6,"sample":19},{"week":18,"averageReturn":5.6,"sample":19},{"week":19,"averageReturn":5.6,"sample":19},{"week":20,"averageReturn":5.5,"sample":19},{"week":21,"averageReturn":3.6,"sample":19},{"week":22,"averageReturn":4.4,"sample":19},{"week":23,"averageReturn":3.1,"sample":19},{"week":24,"averageReturn":3.0,"sample":19},{"week":25,"averageReturn":3.8,"sample":19},{"week":26,"averageReturn":3.5,"sample":19}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":19,"completedEpisodes":17,"activeEpisodes":2,"medianExpectedMove":4.5,"averageExpectedMove":6.1,"averageWeeksToLargestMove":4.9,"horizons":[{"weeks":4,"sample":18,"expectedCount":10,"expectedPercent":55.6,"averageReturn":-0.7,"medianReturn":-0.7,"confidenceLow":33.7,"confidenceHigh":75.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":7,"expectedPercent":41.2,"averageReturn":2.3,"medianReturn":1.8,"confidenceLow":21.6,"confidenceHigh":64.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":4,"expectedPercent":26.7,"averageReturn":8.2,"medianReturn":8.8,"confidenceLow":10.9,"confidenceHigh":52.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":19},{"week":2,"averageReturn":-1.0,"sample":19},{"week":3,"averageReturn":-1.1,"sample":19},{"week":4,"averageReturn":-0.7,"sample":18},{"week":5,"averageReturn":-0.5,"sample":18},{"week":6,"averageReturn":-0.4,"sample":18},{"week":7,"averageReturn":-0.9,"sample":18},{"week":8,"averageReturn":-0.4,"sample":18},{"week":9,"averageReturn":-0.0,"sample":17},{"week":10,"averageReturn":0.5,"sample":17},{"week":11,"averageReturn":2.1,"sample":17},{"week":12,"averageReturn":2.3,"sample":17},{"week":13,"averageReturn":1.2,"sample":17},{"week":14,"averageReturn":1.6,"sample":17},{"week":15,"averageReturn":1.3,"sample":17},{"week":16,"averageReturn":1.3,"sample":16},{"week":17,"averageReturn":1.9,"sample":16},{"week":18,"averageReturn":1.9,"sample":16},{"week":19,"averageReturn":4.0,"sample":15},{"week":20,"averageReturn":5.2,"sample":15},{"week":21,"averageReturn":5.7,"sample":15},{"week":22,"averageReturn":6.7,"sample":15},{"week":23,"averageReturn":7.9,"sample":15},{"week":24,"averageReturn":8.4,"sample":15},{"week":25,"averageReturn":8.9,"sample":15},{"week":26,"averageReturn":8.2,"sample":15}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":17,"completedEpisodes":15,"activeEpisodes":2,"medianExpectedMove":3.5,"averageExpectedMove":5.6,"averageWeeksToLargestMove":5.1,"horizons":[{"weeks":4,"sample":17,"expectedCount":9,"expectedPercent":52.9,"averageReturn":0.6,"medianReturn":-0.6,"confidenceLow":31.0,"confidenceHigh":73.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":15,"expectedCount":5,"expectedPercent":33.3,"averageReturn":2.1,"medianReturn":4.6,"confidenceLow":15.2,"confidenceHigh":58.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":3,"expectedPercent":21.4,"averageReturn":10.2,"medianReturn":8.5,"confidenceLow":7.6,"confidenceHigh":47.6,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":17},{"week":2,"averageReturn":1.1,"sample":17},{"week":3,"averageReturn":1.6,"sample":17},{"week":4,"averageReturn":0.6,"sample":17},{"week":5,"averageReturn":1.5,"sample":17},{"week":6,"averageReturn":2.1,"sample":17},{"week":7,"averageReturn":1.3,"sample":17},{"week":8,"averageReturn":2.5,"sample":16},{"week":9,"averageReturn":2.9,"sample":16},{"week":10,"averageReturn":3.7,"sample":15},{"week":11,"averageReturn":2.0,"sample":15},{"week":12,"averageReturn":2.1,"sample":15},{"week":13,"averageReturn":2.7,"sample":15},{"week":14,"averageReturn":3.2,"sample":15},{"week":15,"averageReturn":3.4,"sample":15},{"week":16,"averageReturn":3.9,"sample":15},{"week":17,"averageReturn":5.3,"sample":15},{"week":18,"averageReturn":6.6,"sample":14},{"week":19,"averageReturn":6.6,"sample":14},{"week":20,"averageReturn":8.0,"sample":14},{"week":21,"averageReturn":8.7,"sample":14},{"week":22,"averageReturn":10.1,"sample":14},{"week":23,"averageReturn":10.1,"sample":14},{"week":24,"averageReturn":10.4,"sample":14},{"week":25,"averageReturn":9.8,"sample":14},{"week":26,"averageReturn":10.2,"sample":14}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":9.3,"averageExpectedMove":9.0,"averageWeeksToLargestMove":7.7,"horizons":[{"weeks":4,"sample":19,"expectedCount":13,"expectedPercent":68.4,"averageReturn":0.5,"medianReturn":1.0,"confidenceLow":46.0,"confidenceHigh":84.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":4.3,"medianReturn":1.5,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":18,"expectedCount":11,"expectedPercent":61.1,"averageReturn":1.9,"medianReturn":6.1,"confidenceLow":38.6,"confidenceHigh":79.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":19},{"week":2,"averageReturn":0.7,"sample":19},{"week":3,"averageReturn":0.4,"sample":19},{"week":4,"averageReturn":0.5,"sample":19},{"week":5,"averageReturn":1.3,"sample":19},{"week":6,"averageReturn":1.7,"sample":19},{"week":7,"averageReturn":3.1,"sample":19},{"week":8,"averageReturn":3.0,"sample":19},{"week":9,"averageReturn":4.9,"sample":19},{"week":10,"averageReturn":4.5,"sample":19},{"week":11,"averageReturn":4.1,"sample":19},{"week":12,"averageReturn":4.3,"sample":19},{"week":13,"averageReturn":3.2,"sample":19},{"week":14,"averageReturn":4.2,"sample":19},{"week":15,"averageReturn":3.9,"sample":19},{"week":16,"averageReturn":3.5,"sample":19},{"week":17,"averageReturn":3.8,"sample":19},{"week":18,"averageReturn":3.7,"sample":19},{"week":19,"averageReturn":1.5,"sample":19},{"week":20,"averageReturn":1.2,"sample":19},{"week":21,"averageReturn":1.6,"sample":19},{"week":22,"averageReturn":0.3,"sample":18},{"week":23,"averageReturn":0.6,"sample":18},{"week":24,"averageReturn":1.0,"sample":18},{"week":25,"averageReturn":0.6,"sample":18},{"week":26,"averageReturn":1.9,"sample":18}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"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,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"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 3 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."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 9.0% across 19 completed cases, with the largest move arriving after 7.7 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2024-08-23","price":994.160522}],"distribution_rollovers":[{"date":"2026-03-20","price":1232.687988}],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[994.1605,997.7575,1018.6398,1042.6195,1035.1259,1034.127,996.1588,995.959,1027.1327,997.7575,986.3672,974.9767,973.9775,993.1216,991.9224,957.546,943.7554,927.9661,944.5549,951.1504,917.7732,962.5425,954.3481,979.1312,981.7295,956.5466,957.546,974.3345,929.1653,965.5405,981.1298,1008.8109,1033.2943,1011.3093,1078.2635,1071.2683,1065.7721,1053.2805,1060.7755,1090.2554,1046.0872,1037.0907,1062.5807,1048.5862,1063.0804,1046.5869,1027.5945,1059.082,1061.5811,1079.0742,1051.585,1043.5883,1048.5862,1040.5894,1033.592,1048.0863,1034.5917,1055.5835,1077.075,1105.0638,1129.5542,1150.546,1139.5503,1170.0382,1169.0386,1138.2119,1146.2098,1134.2129,1118.2169,1141.2111,1137.2122,1157.207,1192.1982,1201.1959,1191.1985,1234.1876,1284.6748,1365.6543,1345.6593,1390.6479,1337.1615,1373.1523,1232.688,1236.187,1322.6652,1347.2589,1274.4774,1294.6722,1308.6687,1277.2766,1187.6993,1280.6758,1195.5,1217.5,1209.0,1212.0,1245.5,1244.0,1226.0,1257.0,1237.5,1190.0,1200.0,1193.5],"consensus":[32.4348,14.7318,42.6291,49.4626,19.575,20.1798,-27.6301,0.0,33.3481,-30.9945,-17.8416,-30.5163,-21.3838,15.4617,0.0,-47.9388,-39.409,-44.6642,0.0,0.0,-52.9727,36.221,-15.7428,36.2781,19.4218,-27.6937,8.2555,17.5879,-52.8214,36.9032,28.2405,51.7899,48.5676,14.9523,70.892,25.717,18.486,8.9271,25.2251,48.0667,-25.0368,-14.3389,33.1908,-12.7963,25.0028,-11.0432,-30.1657,34.5859,0.0,37.7236,-18.1846,-14.7922,0.0,-27.2017,-12.839,13.7029,-25.9005,28.8915,41.9199,58.6283,59.8402,60.979,18.7712,63.1564,35.7079,-17.9039,32.7599,-14.0327,-22.6074,32.5422,11.3465,37.9603,61.3087,45.9505,18.698,65.0131,70.5262,83.6887,22.9807,69.5059,0.0,53.1937,-56.802,-16.8479,43.4512,32.7851,-27.8502,23.1297,15.7708,-28.3178,-66.431,32.8371,-62.7452,0.0,-15.2847,-9.2322,0.0,0.0,-21.7261,30.7605,-13.2457,-51.7257,0.0,-23.8297],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[0.0,-25.9711,-7.4433,17.7394,-25.0513,33.5112,42.6455,61.8028,61.3973,65.3708,6.9942,61.8826,34.3388,-16.5808,37.2507,-10.7844,-17.0627,34.3705,20.0719,42.8474,59.4436,46.2338,12.7105,68.5037,72.6396,88.0198,11.3072,71.0644,0.0,61.5407,-49.6182,-8.5698,53.8445,48.5761,-35.9238,21.2083,22.1447,-20.6071,-59.7846,37.4571,-56.1095,0.0,-20.3069,-5.6175,0.0,0.0,-35.1557,31.2201,-12.147,-50.6966,0.0,-16.0176],"force":[0.0,-32.95,-8.2293,25.8949,-36.9596,44.0837,49.2051,66.5509,61.5157,53.9206,15.1898,68.0034,9.3325,-70.2975,31.2424,-38.0071,-36.7269,51.6201,5.745,36.5115,75.8609,36.0429,10.6738,69.1775,75.5272,93.9271,22.0039,65.2716,0.0,51.056,-96.7969,-2.2932,63.8717,26.9501,-60.4569,34.6606,22.6812,-44.9152,-93.9775,79.5468,-90.6367,0.0,-0.7239,-8.9364,0.0,0.0,-18.8955,48.3603,-20.2018,-65.9183,0.0,-13.8916],"direction":[0.0,-24.5023,-22.2982,0.3812,-18.9718,12.7602,35.8869,49.3414,56.8639,61.0015,56.4884,61.1501,56.1121,-18.0081,28.7116,-0.6206,-18.8589,16.8255,5.3757,33.4098,53.0458,52.7036,46.5208,58.0494,64.5387,71.4256,68.4537,70.7492,0.0,45.1813,-36.4443,-36.7048,16.9871,18.906,-4.6671,17.0893,3.5505,-25.2749,-54.3509,5.8071,-50.4064,0.0,-19.9457,-39.1807,0.0,0.0,-8.3998,17.6638,-9.5328,-42.7642,0.0,-39.8567],"intensity":[1.9231,3.8462,75.0,40.3846,9.6154,30.7692,34.6154,55.7692,48.0769,76.9231,5.7692,61.5385,28.8462,61.5385,71.1538,25.0,57.6923,34.6154,5.7692,30.7692,67.3077,11.5385,46.1538,84.6154,96.1538,100.0,94.2308,80.7692,88.4615,73.0769,100.0,98.0769,96.1538,92.3077,90.3846,73.0769,21.1538,55.7692,96.1538,96.1538,90.3846,88.4615,5.7692,38.4615,80.7692,11.5385,19.2308,55.7692,21.1538,73.0769,59.6154,1.9231],"confirmation":[23.8903,76.8985,49.3836,50.0283,76.6382,77.6379,81.6253,86.9541,87.1762,87.2312,8.3917,88.3772,78.6436,33.8546,78.3685,50.604,75.7492,78.9671,25.9939,80.0287,88.0907,82.3979,30.1232,88.8779,90.6886,95.0264,33.5216,90.0891,38.1183,84.8297,87.505,50.4072,82.3683,78.0728,56.1118,75.7822,50.4935,77.685,90.1987,58.4332,89.0296,6.1396,49.7042,5.7317,2.6594,0.858,74.6614,78.3727,72.4674,85.0004,4.9413,83.4417],"persistence":[25.0,25.0,25.0,25.0,37.5,37.5,12.5,12.5,25.0,50.0,75.0,75.0,100.0,75.0,75.0,50.0,25.0,25.0,25.0,25.0,25.0,50.0,50.0,75.0,100.0,100.0,100.0,100.0,87.5,87.5,62.5,37.5,37.5,37.5,12.5,12.5,25.0,0.0,0.0,25.0,0.0,12.5,12.5,37.5,50.0,37.5,37.5,37.5,37.5,50.0,37.5,37.5],"assessmentRisk":[25.5147,35.1855,32.3239,6.5331,21.7385,21.0271,28.4074,20.5497,20.0788,19.5091,40.5398,18.3934,31.5497,19.7863,1.0134,40.8592,38.1395,8.5661,27.5456,22.7667,19.2891,26.8357,40.3127,17.4229,14.6993,8.1539,38.5074,15.2443,48.0516,15.6953,20.0546,41.239,33.9254,37.3494,43.2242,25.214,19.0923,26.7875,11.5201,26.8117,15.1898,31.5942,23.1785,37.754,35.0565,23.0405,27.4287,21.8713,1.8807,14.7699,21.2558,33.8237],"volumeParticipation":true,"latest":{"consensus":-23.8,"control":-16.0,"force":-13.9,"direction":-39.9,"confirmation":83.4,"persistence":37.5,"assessmentRisk":33.8,"intensity":1.9,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-23.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-16.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-13.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-39.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"83/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"45.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"14.5","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"9%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[994.1605,997.7575,1018.6398,1042.6195,1035.1259,1034.127,996.1588,995.959,1027.1327,997.7575,986.3672,974.9767,973.9775,993.1216,991.9224,957.546,943.7554,927.9661,944.5549,951.1504,917.7732,962.5425,954.3481,979.1312,981.7295,956.5466,957.546,974.3345,929.1653,965.5405,981.1298,1008.8109,1033.2943,1011.3093,1078.2635,1071.2683,1065.7721,1053.2805,1060.7755,1090.2554,1046.0872,1037.0907,1062.5807,1048.5862,1063.0804,1046.5869,1027.5945,1059.082,1061.5811,1079.0742,1051.585,1043.5883,1048.5862,1040.5894,1033.592,1048.0863,1034.5917,1055.5835,1077.075,1105.0638,1129.5542,1150.546,1139.5503,1170.0382,1169.0386,1138.2119,1146.2098,1134.2129,1118.2169,1141.2111,1137.2122,1157.207,1192.1982,1201.1959,1191.1985,1234.1876,1284.6748,1365.6543,1345.6593,1390.6479,1337.1615,1373.1523,1232.688,1236.187,1322.6652,1347.2589,1274.4774,1294.6722,1308.6687,1277.2766,1187.6993,1280.6758,1195.5,1217.5,1209.0,1212.0,1245.5,1244.0,1226.0,1257.0,1237.5,1190.0,1200.0,1193.5],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[968.7513,974.0252,982.1369,993.1338,1000.7687,1006.8338,1004.8929,1003.2686,1007.6075,1005.8166,1002.2803,997.316,993.0727,993.0816,992.8708,986.4481,978.6858,969.4641,964.9351,962.4288,954.3096,955.8065,955.5413,959.8304,963.8121,962.4911,961.592,963.9088,957.5918,959.037,963.0539,971.3734,982.6317,987.8458,1004.2854,1016.4641,1025.4292,1030.4931,1035.999,1045.8638,1045.9044,1044.3019,1047.6253,1047.8,1050.5783,1049.8526,1045.8056,1048.2195,1050.6489,1055.8171,1055.0477,1052.9641,1052.1681,1050.0629,1047.0682,1047.2533,1044.9512,1046.8843,1052.3735,1061.9536,1074.2446,1088.1176,1097.469,1110.6634,1121.2771,1124.3561,1128.3295,1129.3992,1127.3661,1129.8834,1131.2159,1135.9415,1146.17,1156.1747,1162.5427,1175.569,1195.4065,1226.3606,1248.0513,1273.9779,1285.4659,1301.4089,1288.9142,1279.3274,1287.207,1298.1255,1293.8259,1293.9798,1296.6505,1293.128,1273.9591,1275.1803,1260.693,1252.8397,1244.8689,1238.8927,1240.094,1240.8042,1238.1125,1241.5466,1240.8109,1231.5725,1225.8321,1219.9535],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[980.6296,981.8983,984.6199,988.9162,992.3391,995.4345,995.4882,995.523,997.8645,997.8566,997.0055,995.3737,993.7888,993.7394,993.6048,990.9338,987.4391,983.0337,980.1834,978.0328,973.5691,972.7524,971.3891,971.9626,972.6861,971.4905,970.4576,970.7448,967.6648,967.5075,968.5165,971.5013,976.0786,978.6882,986.0642,992.3756,997.8124,1001.9211,1006.2807,1012.5011,1014.9889,1016.6261,1020.0301,1022.1454,1025.1776,1026.7635,1026.8251,1029.2145,1031.612,1035.1277,1036.3468,1036.8832,1037.7501,1037.9604,1037.6368,1038.4108,1038.1279,1039.4209,1042.2101,1046.866,1052.991,1060.2173,1066.0938,1073.7934,1080.8486,1085.0977,1089.6246,1092.9274,1094.8007,1098.2385,1101.1254,1105.2796,1111.718,1118.346,1123.7425,1131.9236,1143.2385,1159.7138,1173.4875,1189.5735,1200.5059,1213.2945,1214.7311,1216.3204,1224.1978,1233.3135,1236.3626,1240.6819,1245.7179,1248.0556,1243.5848,1246.3323,1242.5669,1240.7101,1238.3612,1236.4085,1237.082,1237.5944,1236.7356,1238.2366,1238.1821,1234.613,1232.0491,1229.1936],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[1131.5693,1127.4892,1125.008,1124.3439,1118.3079,1101.958,1072.1383,1073.9809,1077.8632,1074.0192,1068.7595,1063.6475,1052.1944,1048.1309,1046.3433,1042.4419,1045.7073,1050.4173,1052.1462,1052.917,1056.2233,1054.8978,1050.8768,1041.6719,1033.3676,1023.1608,1020.1744,1017.6508,1007.4099,1002.8645,1002.0285,1008.411,1020.6744,1023.9226,1045.5952,1062.7887,1075.7461,1083.3163,1091.7694,1104.9821,1105.5405,1107.7101,1111.7523,1114.4768,1118.4928,1117.9781,1115.1924,1115.6101,1105.2757,1101.3163,1094.4026,1091.2634,1090.8449,1086.9481,1084.6317,1082.5775,1081.5289,1081.6837,1084.2638,1088.9436,1105.97,1125.3498,1137.5277,1156.006,1171.0177,1177.8621,1183.9945,1188.6502,1190.9683,1195.7475,1198.8745,1203.247,1212.8525,1221.2063,1223.9359,1235.1105,1253.9295,1296.2852,1323.9287,1360.0233,1378.1909,1401.6544,1402.766,1404.4812,1414.8505,1426.1151,1427.1824,1427.6883,1425.4773,1421.0407,1415.4454,1410.038,1409.7303,1408.5808,1406.9931,1408.1368,1407.3524,1396.2566,1387.8074,1367.429,1357.3368,1337.4736,1338.2414,1339.1157],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[816.289,816.5274,817.0054,817.2154,819.5011,827.7064,843.6871,852.614,863.3176,880.0908,895.8616,908.667,929.3324,939.9863,945.9664,952.2413,946.0136,934.4843,929.4135,925.5606,914.6156,912.4196,910.0114,912.8675,915.8322,918.2809,917.406,917.7673,918.2114,919.5351,919.8474,916.8483,910.5165,909.0871,896.0487,890.2273,889.4716,894.4329,897.6018,898.2996,910.5727,915.8578,922.6389,926.8599,930.979,940.4977,950.2882,958.3453,981.9213,997.2341,1011.1933,1017.8102,1019.7579,1026.5827,1024.4319,1024.168,1022.0985,1022.174,1021.2239,1018.0249,1009.3452,1001.3109,996.83,990.4969,986.081,988.3991,994.1282,996.9856,1000.3311,1001.7656,1007.2013,1014.1907,1018.9464,1026.6532,1039.6843,1047.1198,1053.3092,1041.9606,1041.1755,1033.6392,1036.2324,1035.0296,1043.2317,1048.1314,1053.1248,1062.7649,1074.5243,1090.0643,1111.3206,1129.3636,1140.0077,1157.762,1158.3998,1161.1798,1164.5476,1161.1851,1158.0521,1156.9824,1153.4657,1160.4793,1160.6053,1162.1533,1158.1167,1152.9737],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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":[-6.9171,-6.9469,-2.6089,-1.3253,-1.416,-2.5221,-5.5831,-5.1796,-3.331,-4.6555,-4.7228,-4.415,-4.1988,-4.4522,-4.6051,-7.7955,-8.6556,-7.4604,-6.2583,-6.1054,-9.2723,-7.3667,-7.773,-6.9031,-6.6627,-9.0713,-7.8624,-7.4915,-10.023,-5.6241,-3.9363,-1.0844,8.95,7.8936,10.7294,8.2099,5.5009,4.9285,4.3111,6.4798,1.321,-0.4903,1.6122,0.969,1.8712,-0.0729,-3.1804,-0.8323,-1.9785,0.2514,-2.5286,-3.6653,-4.9929,-4.2503,-4.9206,-4.1623,-4.5018,-3.1109,-3.181,0.0639,3.1148,1.8904,0.2273,3.2765,3.0244,1.9913,0.827,0.2896,-0.976,-1.4846,-1.5531,-0.6419,0.5012,0.0958,0.0768,2.7441,5.2478,10.6786,6.3383,7.3463,9.0923,11.8897,3.7363,3.3935,5.6822,5.9779,-0.2046,4.2375,5.48,4.2373,-2.6262,2.3232,-3.8912,-1.7349,-3.3147,-2.0207,-0.6624,-2.3372,-2.1137,-0.6276,-3.389,-8.0841,-7.5097,-6.6707],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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":[-12.1571,-8.9204,-4.6171,0.72,4.2955,6.9681,5.9539,5.0755,6.8162,5.759,3.9565,1.5905,-0.361,-0.3587,-0.4485,-3.2559,-6.5185,-10.26,-11.7511,-12.2592,-15.1802,-13.7244,-13.0811,-10.451,-8.0641,-8.1109,-7.9755,-6.4392,-8.7654,-7.5864,-5.3325,-1.2978,3.8312,6.0522,13.0645,17.8514,20.9601,22.1602,23.4459,26.5377,25.1342,23.0305,23.1532,21.8692,21.7702,20.1288,17.0983,17.041,17.0013,18.1719,16.689,14.6991,13.3713,11.5407,9.4167,8.8016,7.1428,7.4364,9.2961,12.8799,17.4946,22.5853,25.4392,29.8173,32.8279,32.3535,32.2511,30.8463,28.1181,27.4945,26.3736,26.7898,29.602,32.1857,33.0456,36.7721,43.3002,54.3812,60.8481,68.8102,69.9974,73.0009,63.3171,55.2876,55.2651,56.5796,51.1588,47.9397,45.9878,41.4303,30.2416,28.5479,20.1009,15.0088,10.1702,6.5027,6.2275,5.8213,4.0008,5.0018,4.1736,-0.3121,-3.0252,-5.635],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[-20.2249,-17.964,-15.2946,-12.0917,-8.8143,-5.6578,-3.3355,-1.6533,0.0406,1.1843,1.7387,1.7091,1.2951,0.9643,0.6818,-0.1058,-1.3883,-3.1627,-4.8803,-6.3561,-8.1209,-9.2416,-10.0095,-10.0978,-9.6911,-9.375,-9.0951,-8.5639,-8.6042,-8.4007,-7.787,-6.4892,-4.4251,-2.3296,0.7492,4.1696,7.5277,10.4542,13.0526,15.7496,17.6265,18.7073,19.5965,20.051,20.3949,20.3416,19.693,19.1626,18.7303,18.6186,18.2327,17.526,16.6951,15.6642,14.4147,13.2921,12.0622,11.1371,10.7689,11.1911,12.4518,14.4785,16.6706,19.2999,22.0055,24.0751,25.7103,26.7375,27.0136,27.1098,26.9625,26.928,27.4628,28.4074,29.335,30.8224,33.318,37.5306,42.1941,47.5173,52.0133,56.2109,57.6321,57.1632,56.7836,56.7428,55.626,54.0887,52.4686,50.2609,46.257,42.7152,38.1924,33.5557,28.8786,24.4034,20.7682,17.7788,15.0232,13.0189,11.2499,8.9375,6.5449,4.1089],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[8.0678,9.0436,10.6775,12.8117,13.1097,12.6259,9.2893,6.7287,6.7756,4.5747,2.2177,-0.1186,-1.6561,-1.323,-1.1302,-3.1502,-5.1302,-7.0973,-6.8707,-5.9031,-7.0593,-4.4828,-3.0716,-0.3532,1.627,1.2641,1.1197,2.1247,-0.1612,0.8143,2.4545,5.1914,8.2563,8.3819,12.3153,13.6818,13.4323,11.706,10.3933,10.7881,7.5077,4.3232,3.5567,1.8181,1.3753,-0.2129,-2.5947,-2.1216,-1.729,-0.4468,-1.5437,-2.8269,-3.3237,-4.1235,-4.998,-4.4905,-4.9194,-3.7007,-1.4728,1.6888,5.0428,8.1068,8.7686,10.5174,10.8224,8.2783,6.5407,4.1088,1.1045,0.3847,-0.589,-0.1382,2.1392,3.7783,3.7106,5.9497,9.9822,16.8505,18.654,21.2929,17.9841,16.7901,5.685,-1.8756,-1.5185,-0.1632,-4.4672,-6.149,-6.4807,-8.8306,-16.0154,-14.1673,-18.0914,-18.5468,-18.7084,-17.9007,-14.5407,-11.9575,-11.0224,-8.0171,-7.0763,-9.2496,-9.5702,-9.7439],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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":[70.0164,70.736,74.9136,79.7109,78.2117,78.0119,70.4162,70.3762,76.6127,70.736,68.4573,66.1786,79.1028,83.6945,69.4978,54.3412,38.3153,28.5138,36.879,25.0632,3.7577,35.125,29.7313,46.044,47.7542,31.1784,31.8362,42.8867,13.1555,37.0983,51.4173,71.1986,73.6218,60.5809,97.6905,83.7378,80.8983,74.445,78.317,93.5468,70.7288,66.0811,79.2496,72.0198,79.5078,70.987,61.1752,77.3486,78.645,87.7197,73.4594,69.3111,71.9038,67.7554,60.2972,64.4589,55.6844,69.3337,83.3078,99.9056,98.4881,98.3744,87.5225,92.6745,92.1195,75.3593,79.7077,73.185,64.4881,76.9899,74.8157,85.6868,98.5432,100.0,91.8521,97.7097,94.6869,99.7276,86.7215,95.8348,77.4554,86.3403,50.8974,49.6259,70.6252,76.3729,52.8528,59.0491,63.3436,53.7117,26.227,54.7546,28.6205,35.3706,29.0634,29.4639,37.9679,37.1382,27.7894,32.6056,24.8385,6.1111,10.0537,9.1036],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-13.1007,-12.7862,-10.9609,-8.8649,-9.5199,-9.6072,-12.926,-12.9434,-10.2186,-12.7862,-13.7819,-14.7775,-8.2109,-6.4068,-6.5198,-9.7595,-11.0591,-12.5471,-10.9838,-10.3622,-13.5077,-9.2886,-10.0608,-7.7252,-7.4804,-9.8536,-9.7595,-8.1773,-12.4341,-9.006,-6.4802,-3.8417,-4.1261,-6.166,-0.3693,-2.8545,-3.353,-4.4857,-3.8061,-1.1328,-5.138,-5.9539,-3.6424,-4.9114,-3.597,-5.0927,-6.815,-3.9596,-3.733,-2.1467,-4.6395,-5.3647,-4.9114,-5.6366,-6.2711,-4.9568,-6.1805,-4.2769,-2.328,-0.009,-0.1767,-0.2167,-1.7241,-1.1402,-1.2247,-3.8293,-3.1535,-4.1672,-5.5187,-3.5759,-3.9138,-2.2244,-0.2383,0.0,-1.4067,-0.4435,-1.2298,-0.0732,-3.7884,-1.2074,-6.3703,-3.8502,-13.6857,-13.4407,-7.3854,-5.6633,-10.7595,-9.3455,-8.3654,-10.5635,-16.8358,-10.3255,-16.2896,-14.7492,-15.3443,-15.1343,-12.7886,-12.8936,-14.154,-11.9833,-13.3487,-16.6747,-15.9745,-16.4297],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[54.3305,54.8889,58.1306,61.8532,60.6899,60.5348,54.6407,54.6097,59.449,54.8889,53.1207,51.3525,51.1974,54.1692,18.8934,14.773,8.3699,6.0701,7.7693,4.0219,0.6135,5.8694,4.9681,7.694,7.9798,5.2099,5.3199,7.1664,2.1983,6.1992,7.9138,10.9585,13.6514,11.2333,18.5975,17.8281,17.2236,15.8496,16.674,19.9165,15.0585,14.0689,16.8726,15.3333,16.9275,15.1134,13.0245,16.3854,16.66,18.5824,15.5615,14.6827,15.232,14.3532,11.3106,10.4467,9.0247,11.2368,13.5015,10.5819,13.0326,15.1332,14.0329,17.0837,16.95,13.8661,14.6662,13.466,11.8658,14.1661,13.7661,15.7664,19.2669,20.167,19.1669,23.4675,28.5182,36.6193,34.619,39.1197,30.5063,33.8883,19.6676,18.0596,23.7202,24.0774,15.6281,17.4603,18.7302,15.8821,7.7551,16.1905,8.4628,10.4588,8.022,8.0487,9.8603,9.583,6.7749,7.0514,5.364,1.3197,2.1711,2.0085],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[-18.7327,-18.4387,-16.7317,-14.7714,-15.384,-15.4657,-18.5694,-18.5857,-16.0374,-18.4387,-19.3698,-20.3009,-20.3826,-18.8176,-18.9157,-21.7257,-22.8531,-24.1437,-22.7877,-22.2486,-24.977,-21.3173,-21.9872,-19.9613,-19.7489,-21.8074,-21.7257,-20.3534,-24.0457,-21.0722,-19.7979,-17.5351,-15.5337,-17.3309,-11.8577,-12.4296,-12.8788,-13.9,-13.2873,-10.8775,-14.488,-15.2234,-13.1397,-14.2837,-13.0989,-14.4471,-15.9997,-13.4257,-13.2214,-11.7915,-14.0386,-14.6923,-14.2837,-14.9374,-15.5094,-14.3246,-15.4277,-13.7117,-11.9549,-9.667,-7.665,-5.949,-6.8479,-4.3556,-4.4374,-6.9573,-6.3035,-7.2842,-8.5918,-6.7121,-7.039,-5.4045,-2.5442,-1.8087,-2.6259,0.0,0.0,0.0,-1.4641,0.0,-3.8462,-1.2581,-11.3587,-11.1071,-4.8886,-3.1201,-8.3537,-6.9015,-5.895,-8.1524,-14.5938,-7.908,-14.0329,-12.4509,-13.0621,-12.8464,-10.4374,-10.5453,-11.8397,-9.6105,-11.0127,-14.4284,-13.7093,-14.1767],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[14.4731,14.8873,17.2918,20.0529,19.19,19.075,14.7032,14.6802,18.2697,14.8873,13.5757,12.2642,12.1491,14.3535,14.2154,8.657,7.0193,5.2288,1.8699,2.4984,0.0,4.878,3.9852,6.6855,6.9686,4.2247,4.3336,6.1629,1.2413,5.2047,6.9033,9.9194,12.5871,10.1916,17.4869,16.7247,16.1259,14.7648,15.5814,18.7936,13.981,13.0008,15.7781,14.2533,15.8326,14.0355,10.5933,13.9821,14.251,16.1337,13.1752,12.3146,12.8525,11.9918,7.048,6.8244,2.5556,4.3779,6.503,7.5389,9.9222,11.965,10.8949,13.8619,13.7646,10.7647,11.543,10.3755,8.8189,11.0566,10.6674,12.6132,15.3451,16.2157,15.2484,19.4076,24.2923,32.127,30.1925,34.5451,29.2453,32.7241,16.7779,14.7726,19.6913,20.4828,13.9741,15.7801,17.0317,14.2244,6.2137,14.5284,6.9113,8.8787,6.3126,6.5764,7.6298,4.7403,3.2248,5.8349,4.193,0.1937,1.0357,0.4884],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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":[53.1683,52.3353,49.4029,65.0541,142.5352,82.2308,60.2185,45.7041,80.1475,77.5094,94.2422,92.7841,89.1183,92.1267,116.1517,92.0585,87.9971,114.3374,32.0224,35.9765,59.1347,88.1865,105.3617,71.5642,66.7721,129.408,89.0365,99.3336,143.4135,133.4986,136.111,90.5392,133.5272,152.3421,98.9886,84.8773,110.8147,104.4063,193.4756,97.5511,101.0676,92.7473,77.3588,119.648,115.6723,92.7407,90.8861,99.5535,78.2372,95.0409,62.7674,62.4949,48.9359,86.9632,83.2829,62.3002,132.8114,77.778,88.0885,113.0165,116.5565,93.0,79.5191,119.9742,130.931,149.11,131.6705,100.7959,78.6655,141.9726,28.2173,40.0269,117.8664,85.5259,113.9926,86.4521,109.8516,132.2088,113.7197,102.5689,166.2667,101.5268,229.7179,148.6927,75.9266,64.9827,106.8296,89.7739,138.916,117.5878,154.2558,156.8836,121.6801,8.5416,16.7898,72.0733,22.4533,11.2466,15.7682,76.0256,69.9537,91.0667,88.0532,93.8905],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[133.2089,135.0,135.0,135.0,129.7744,126.6855,124.447,122.8465,125.4247,123.0494,120.2488,117.7028,115.2926,117.7628,114.6141,112.1521,109.8501,106.8323,107.6299,108.4868,107.0933,109.1822,106.6431,108.3479,109.8131,106.9908,108.9188,111.0985,107.9076,110.9205,114.0121,116.0454,119.0862,115.5345,117.7986,115.8804,113.3641,111.029,115.7342,118.1843,115.585,113.1852,115.1652,112.0165,115.1575,112.6539,110.1754,112.9183,115.0318,117.5769,115.9417,114.3267,115.5468,113.4416,111.4362,115.1909,112.7316,115.9303,118.6734,122.2017,128.5075,135.0,132.0059,135.0,130.3466,124.9448,129.7699,126.1144,123.2839,128.4697,127.4619,128.8676,133.1431,135.0,130.9701,134.06,135.0,135.0,131.5839,134.6551,129.5309,132.6843,124.9186,130.0762,132.6684,134.8177,131.3004,134.259,135.0,131.3954,126.3315,131.8351,127.4867,127.7838,127.2199,129.6462,130.3784,130.0294,129.5606,131.8014,129.8315,127.2797,129.5398,127.2391],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]}]},"canonical_url":"https://sharemaestro.com/terminal/bfe2dae2-cc00-44c3-8ded-71553a52624f/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/bfe2dae2-cc00-44c3-8ded-71553a52624f/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/bfe2dae2-cc00-44c3-8ded-71553a52624f/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/bfe2dae2-cc00-44c3-8ded-71553a52624f/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/bfe2dae2-cc00-44c3-8ded-71553a52624f/technical-pack/data.json"},"source_fingerprint":"25d9f5d39a24b7ec6fe64aa0cb17c08f50908601f44a44592768594873190565","content_hash":"5c0474e5a83ad3714f2a72cd00edb4e615983238332410c6d67838efde727b7f","citation":"Sharemaestro, NG Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/bfe2dae2-cc00-44c3-8ded-71553a52624f/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."}