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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":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","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":42.9,"averageReturn":17.5,"sample":21},"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 downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 42.9% of comparable cases moved lower after 12 weeks, with an average move of 17.5% across 21 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 4 cases. Distinct visits lasted 2.5 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 16.5% across 20 completed cases, with the largest move arriving after 6.4 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":"2025-07-18","price":4.41}],"distribution_rollovers":[],"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":[6.35,6.18,5.6,6.31,6.13,6.65,6.82,6.04,5.84,5.77,6.09,5.07,4.97,5.31,5.67,5.72,5.22,4.82,5.21,4.97,5.07,5.01,5.52,5.36,5.58,5.79,5.06,5.36,5.3,5.47,5.13,4.93,4.55,4.46,4.815,5.26,4.13,3.62,3.88,3.97,3.67,3.68,3.6,3.56,3.69,4.27,4.49,4.41,4.29,4.33,5.21,5.97,6.11,6.36,6.52,6.61,6.21,5.54,5.26,4.94,5.03,5.04,6.06,5.59,5.86,5.42,5.8,5.98,6.21,5.68,5.74,6.15,7.74,6.75,7.77,7.69,7.32,6.87,5.73,6.55,6.19,5.78,5.31,5.48,5.94,6.18,6.45,5.95,6.88,6.78,6.23,6.11,6.04,5.56,5.69,6.05,5.55,5.27,5.28,5.2,5.03,4.95,4.0,4.06],"consensus":[28.0775,0.0,-35.0307,32.0818,-8.0513,31.4738,29.7328,-32.7893,-19.0984,-18.4331,0.0,-57.6721,-22.6544,0.0,9.3518,10.5135,-32.0906,-39.4332,8.0886,-34.9271,-12.897,-14.9416,30.4099,0.0,24.8052,31.4995,-42.0375,15.9228,0.0,0.0,-23.6586,-33.9825,-48.4283,-26.7364,8.7987,35.9527,-57.8748,-62.1247,-11.0447,-22.2817,-47.6157,-22.8166,-36.6186,-35.0295,0.0,41.5347,34.9855,10.389,0.0,11.8362,64.6784,74.3639,50.2901,59.2766,53.5115,45.2448,0.0,-35.1465,-38.1898,-47.8474,-16.0424,-22.6678,54.4646,-13.1117,28.5084,-19.2047,21.3525,27.0454,36.0039,-23.3534,0.0,34.5795,69.3452,-12.7995,64.5814,25.5987,0.0,-15.2792,-61.3567,21.6196,-30.6014,-40.824,-50.5722,-20.3312,9.4728,17.7252,30.4273,-23.1689,55.1036,0.0,-29.9111,-13.0674,-26.721,-45.5905,-14.8535,19.1739,-46.8387,-35.4456,-24.5507,-26.4599,-40.2463,-36.7607,-74.4004,-27.5418],"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":[47.5905,61.6324,52.1091,42.3015,0.0,-35.6247,-38.7236,-47.7505,-7.804,-20.1714,43.6941,-21.9357,22.8345,-28.4569,31.1775,26.0977,39.0439,-30.9919,0.0,36.376,60.4528,-23.7578,57.6712,15.8234,0.0,-23.6128,-54.8499,30.1013,-26.0956,-38.9247,-56.1862,-13.3489,16.1855,19.883,29.7741,-33.4811,49.4013,0.0,-32.3954,-20.2338,-27.3314,-41.855,-10.428,25.4797,-40.9127,-34.3647,-24.255,-19.295,-43.3847,-42.289,-72.3657,-17.9903],"force":[29.0401,39.9533,31.8685,20.0802,0.0,-70.0036,-51.081,-55.1299,-2.395,-12.7323,86.7925,-48.1624,29.9208,-39.6651,28.1477,26.3631,34.0781,-54.1543,0.0,46.398,95.4749,-73.8066,83.7003,1.4689,0.0,-41.1734,-93.2149,64.1789,-37.1563,-42.527,-52.6474,-3.8366,36.6714,29.0803,36.964,-38.8078,88.0354,0.0,-55.296,-14.0169,-25.4801,-53.249,-3.6754,43.939,-74.1821,-36.1621,-7.3714,-12.7976,-30.0941,-22.7416,-93.8671,-4.8217],"direction":[68.5539,70.3867,70.5736,66.5832,0.0,-9.702,-28.3717,-42.7563,-38.6272,-32.6177,43.6825,-22.0092,33.9841,-5.9839,5.2701,28.6159,33.9052,-7.3771,0.0,24.0847,60.8439,-43.3007,58.8223,56.1044,0.0,-12.7408,-46.0373,18.4732,-31.0689,-41.7783,-42.674,-45.5737,17.6264,7.1482,26.5046,-0.213,38.0978,0.0,-8.9397,-4.1989,-26.9099,-44.3893,-33.1462,5.7221,-34.0804,-36.1691,-37.1595,-44.4071,-43.9111,-40.4562,-62.8211,-61.5746],"intensity":[69.2308,30.7692,32.6923,11.5385,51.9231,76.9231,73.0769,46.1538,13.4615,26.9231,96.1538,69.2308,38.4615,61.5385,50.0,17.3077,34.6154,75.0,51.9231,61.5385,100.0,94.2308,88.4615,80.7692,76.9231,69.2308,94.2308,82.6923,61.5385,55.7692,59.6154,15.3846,57.6923,42.3077,50.0,61.5385,84.6154,84.6154,69.2308,44.2308,5.7692,80.7692,15.3846,30.7692,59.6154,82.6923,21.1538,21.1538,9.6154,1.9231,90.3846,88.4615],"confirmation":[83.4863,86.3437,84.4855,81.7563,33.2571,80.3019,80.6055,83.5346,27.8748,74.9889,86.578,32.4915,77.2522,53.238,52.2235,76.6482,79.4162,55.2025,24.4539,79.3983,91.1223,37.6923,89.354,53.1623,5.9585,30.9362,88.7042,34.6937,78.0609,81.1445,84.1608,52.0276,30.1849,51.3186,77.9459,53.0669,86.7237,5.6293,78.3073,49.4346,76.5036,82.8793,50.3733,53.3483,83.912,79.3809,52.6705,76.16,80.5216,79.2519,92.4324,62.3346],"persistence":[87.5,87.5,87.5,87.5,87.5,62.5,37.5,12.5,12.5,37.5,37.5,62.5,50.0,50.0,25.0,0.0,25.0,25.0,12.5,37.5,37.5,37.5,37.5,37.5,25.0,25.0,12.5,12.5,12.5,12.5,37.5,62.5,50.0,25.0,0.0,25.0,0.0,12.5,12.5,12.5,12.5,37.5,62.5,37.5,62.5,75.0,75.0,75.0,75.0,75.0,75.0,100.0],"assessmentRisk":[24.8524,20.3614,23.2212,25.9277,13.8158,30.5708,30.7017,26.0429,41.6353,30.4828,19.1738,50.988,33.9345,45.1009,37.3616,22.0827,14.9562,37.6408,4.5543,2.038,14.8867,52.8179,17.4322,36.3227,26.9508,16.6092,18.9579,56.2008,29.8462,24.1234,0.2129,34.1188,20.5047,19.622,32.9734,48.504,18.8291,37.0875,3.3719,22.6156,34.8052,26.8615,35.5026,16.9066,17.2471,12.4126,25.9134,35.4224,23.8139,24.6562,12.7614,36.1531],"volumeParticipation":true,"latest":{"consensus":-27.5,"control":-18.0,"force":-4.8,"direction":-61.6,"confirmation":62.3,"persistence":100.0,"assessmentRisk":36.2,"intensity":88.5,"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":"Broadly stable","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-27.5","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-18.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-4.8","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-61.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"62/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"33.4","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"15.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"6%","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 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