{"schema_version":"1.0","name":"CMRC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c509bcc3-9272-4afd-b557-ce3daf38364d","symbol":"CMRC","name":"Commerce.com, Inc.","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Technology","industry":"Software - Application"},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Completed returns and cumulative progression, Range expansion and closing direction, Drawdown and recovery pressure, Activity pressure and cumulative balance, 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":20,"displayedObservations":20,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2025-08-01","2025-08-08","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[4.76,4.57,2.91,2.94,3.14,3.06,2.76,2.97,3.15,2.88,2.77,2.7,2.93,3.15,3.15,3.04,2.76,3.15,2.17,2.16],"highs":[5.05,4.8599,3.19,3.14,3.83,3.22,3.018,3.21,3.33,2.94,2.88,2.93,3.16,3.325,3.305,3.055,3.31,3.455,2.28,2.4],"lows":[4.47,4.39,2.79,2.71,2.865,2.675,2.75,2.87,2.78,2.6041,2.65,2.56,2.82,3.02,2.97,2.57,2.76,1.95,2.08,2.03],"closes":[4.49,4.41,3.0,3.14,3.1,2.72,2.98,3.13,2.82,2.7,2.74,2.91,3.15,3.12,3.04,2.71,3.13,2.22,2.19,2.22],"hoverRows":[[{"label":"Open","value":"4.76","className":"is-ohlc","compact":true},{"label":"High","value":"5.05","className":"is-ohlc","compact":true},{"label":"Low","value":"4.47","className":"is-ohlc","compact":true},{"label":"Close","value":"4.49","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"4.57","className":"is-ohlc","compact":true},{"label":"High","value":"4.86","className":"is-ohlc","compact":true},{"label":"Low","value":"4.39","className":"is-ohlc","compact":true},{"label":"Close","value":"4.41","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"2.91","className":"is-ohlc","compact":true},{"label":"High","value":"3.19","className":"is-ohlc","compact":true},{"label":"Low","value":"2.79","className":"is-ohlc","compact":true},{"label":"Close","value":"3.00","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.94","className":"is-ohlc","compact":true},{"label":"High","value":"3.14","className":"is-ohlc","compact":true},{"label":"Low","value":"2.71","className":"is-ohlc","compact":true},{"label":"Close","value":"3.14","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.14","className":"is-ohlc","compact":true},{"label":"High","value":"3.83","className":"is-ohlc","compact":true},{"label":"Low","value":"2.87","className":"is-ohlc","compact":true},{"label":"Close","value":"3.10","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.06","className":"is-ohlc","compact":true},{"label":"High","value":"3.22","className":"is-ohlc","compact":true},{"label":"Low","value":"2.67","className":"is-ohlc","compact":true},{"label":"Close","value":"2.72","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.76","className":"is-ohlc","compact":true},{"label":"High","value":"3.02","className":"is-ohlc","compact":true},{"label":"Low","value":"2.75","className":"is-ohlc","compact":true},{"label":"Close","value":"2.98","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.97","className":"is-ohlc","compact":true},{"label":"High","value":"3.21","className":"is-ohlc","compact":true},{"label":"Low","value":"2.87","className":"is-ohlc","compact":true},{"label":"Close","value":"3.13","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.15","className":"is-ohlc","compact":true},{"label":"High","value":"3.33","className":"is-ohlc","compact":true},{"label":"Low","value":"2.78","className":"is-ohlc","compact":true},{"label":"Close","value":"2.82","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.88","className":"is-ohlc","compact":true},{"label":"High","value":"2.94","className":"is-ohlc","compact":true},{"label":"Low","value":"2.60","className":"is-ohlc","compact":true},{"label":"Close","value":"2.70","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.77","className":"is-ohlc","compact":true},{"label":"High","value":"2.88","className":"is-ohlc","compact":true},{"label":"Low","value":"2.65","className":"is-ohlc","compact":true},{"label":"Close","value":"2.74","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.70","className":"is-ohlc","compact":true},{"label":"High","value":"2.93","className":"is-ohlc","compact":true},{"label":"Low","value":"2.56","className":"is-ohlc","compact":true},{"label":"Close","value":"2.91","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.93","className":"is-ohlc","compact":true},{"label":"High","value":"3.16","className":"is-ohlc","compact":true},{"label":"Low","value":"2.82","className":"is-ohlc","compact":true},{"label":"Close","value":"3.15","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.15","className":"is-ohlc","compact":true},{"label":"High","value":"3.33","className":"is-ohlc","compact":true},{"label":"Low","value":"3.02","className":"is-ohlc","compact":true},{"label":"Close","value":"3.12","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.15","className":"is-ohlc","compact":true},{"label":"High","value":"3.31","className":"is-ohlc","compact":true},{"label":"Low","value":"2.97","className":"is-ohlc","compact":true},{"label":"Close","value":"3.04","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.04","className":"is-ohlc","compact":true},{"label":"High","value":"3.06","className":"is-ohlc","compact":true},{"label":"Low","value":"2.57","className":"is-ohlc","compact":true},{"label":"Close","value":"2.71","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.76","className":"is-ohlc","compact":true},{"label":"High","value":"3.31","className":"is-ohlc","compact":true},{"label":"Low","value":"2.76","className":"is-ohlc","compact":true},{"label":"Close","value":"3.13","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.15","className":"is-ohlc","compact":true},{"label":"High","value":"3.46","className":"is-ohlc","compact":true},{"label":"Low","value":"1.95","className":"is-ohlc","compact":true},{"label":"Close","value":"2.22","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.17","className":"is-ohlc","compact":true},{"label":"High","value":"2.28","className":"is-ohlc","compact":true},{"label":"Low","value":"2.08","className":"is-ohlc","compact":true},{"label":"Close","value":"2.19","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.16","className":"is-ohlc","compact":true},{"label":"High","value":"2.40","className":"is-ohlc","compact":true},{"label":"Low","value":"2.03","className":"is-ohlc","compact":true},{"label":"Close","value":"2.22","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[2.052,4.628],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","tone":"caution"},{"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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2025-08-01","price":4.49}],"reversal_dangers":[{"date":"2025-08-08","price":4.41}]}},"smTape":{"available":true,"dates":["2025-08-01","2025-08-08","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":[4.49,4.41,3.0,3.14,3.1,2.72,2.98,3.13,2.82,2.7,2.74,2.91,3.15,3.12,3.04,2.71,3.13,2.22,2.19,2.22],"consensus":[-93.1034,-91.4876,0.0,58.0,-60.5961,-60.5753,-8.0344,0.0,-51.9121,-36.2792,-28.1044,0.0,23.3718,0.0,-11.2679,-44.2567,24.4439,-61.5284,-31.3046,-24.0321],"supportDates":["2025-08-01","2025-08-08","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,-64.1006,-0.7374,0.0,-53.9674,-42.6763,-27.5726,0.0,23.3735,0.0,-21.8201,-44.5807,26.5836,-52.5921,-26.733,-21.661],"force":[-93.1034,-91.4876,0.0,58.0,-18.2866,-38.3473,-21.4052,0.0,-51.5322,-20.741,-3.5419,0.0,43.3745,0.0,-12.8068,-47.7544,52.0438,-92.0948,-12.4875,-0.1857],"direction":[null,null,null,null,-90.8171,-72.4236,-39.0877,0.0,-49.8345,-40.0669,-46.2568,0.0,9.0823,0.0,-1.8911,-41.3881,2.2844,-49.9083,-49.9701,-43.775],"intensity":[null,null,null,null,75.0,60.0,50.0,42.8571,62.5,66.6667,10.0,27.2727,58.3333,46.1538,14.2857,80.0,81.25,94.1176,94.4444,15.7895],"confirmation":[52.4598,51.9427,1.6,41.2267,62.7899,86.653,6.5312,5.9518,84.569,79.0383,53.5863,30.9405,76.0886,2.4536,49.2286,82.2638,53.9639,88.7568,77.5137,52.333],"persistence":[null,null,66.6667,25.0,40.0,50.0,57.1429,50.0,50.0,50.0,62.5,75.0,50.0,37.5,37.5,50.0,25.0,25.0,25.0,37.5],"assessmentRisk":[null,null,null,null,18.5935,19.4893,2.216,2.0875,0.5452,16.022,10.1897,22.9505,20.1879,38.5559,36.2431,15.0894,16.4397,18.7437,33.7998,33.6733],"volumeParticipation":true,"latest":{"consensus":-24.0,"control":-21.7,"force":-0.2,"direction":-43.8,"confirmation":52.3,"persistence":37.5,"assessmentRisk":33.7,"intensity":15.8,"evidenceDepth":77},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-24.0","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-21.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-0.2","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-43.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"52/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"27.6","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"24.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","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":[4.49,4.41,3.0,3.14,3.1,2.72,2.98,3.13,2.82,2.7,2.74,2.91,3.15,3.12,3.04,2.71,3.13,2.22,2.19,2.22],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,3.8471,3.6422,3.5218,3.4506,3.3359,3.2203,3.133,3.0924,3.1029,3.106,3.094,3.0242,3.0434,2.8937,2.7658,2.6665],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,3.6002,3.5646,3.5258,3.4653,3.4405,3.3501,3.2642,3.1868],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,4.4877,4.4195,4.3545,4.3063,4.2615,4.2178,4.1793,4.1479,4.154,4.1523,4.14],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,2.0103,1.986,2.0022,2.046,2.0828,2.1088,2.0907,2.1215,2.0138,1.9214,1.852],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-08-01","2025-08-08","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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,-1.7817,-31.9728,4.6667,-1.2739,-12.2581,9.5588,5.0336,-9.9042,-4.2553,1.4815,6.2044,8.2474,-0.9524,-2.5641,-10.8553,15.4982,-29.0735,-1.3514,1.3699],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-1.7817,-33.1849,-30.0668,-30.9577,-39.4209,-33.6303,-30.2895,-37.1938,-39.8664,-38.9755,-35.1893,-29.8441,-30.5122,-32.294,-39.6437,-30.2895,-50.5568,-51.2249,-50.5568],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-01","2025-08-08","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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[12.9176,10.6553,13.3333,13.6943,31.129,20.0368,8.9933,10.8626,19.5035,12.4407,8.3942,12.7148,10.7937,9.7756,11.0197,17.8967,17.5719,67.7928,9.1324,16.6667],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-5.6723,-3.5011,3.0928,6.8027,-1.2739,-11.1111,7.971,5.3872,-10.4762,-6.25,-1.083,7.7778,7.5085,-0.9524,-3.4921,-10.8553,13.4058,-29.5238,0.9217,2.7778],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-01","2025-08-08","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":"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":[0.0,-1.7817,-33.1849,-30.0668,-30.9577,-39.4209,-33.6303,-30.2895,-37.1938,-39.8664,-38.9755,-35.1893,-29.8441,-30.5122,-32.294,-39.6437,-30.2895,-50.5568,-51.2249,-50.5568],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,15.0735,3.6765,0.0,1.4815,7.7778,16.6667,15.5556,12.5926,0.3704,15.9259,0.0,0.0,1.3699],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-01","2025-08-08","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,80.1915,109.1787,86.9019,87.3231,132.7556,71.8469,75.8129,85.9108,81.8076,97.7146,307.3477,145.4878,173.8496],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,80.5874,71.1449,65.0,72.0947,83.2116,89.0902,83.0004,76.1683,69.7405,77.4072,65.0,65.0,74.1551],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-01","2025-08-08","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,19.1579,6.1053,3.9208,5.5562,14.0562,23.6948,22.49,19.2771,6.0241,22.8916,8.7097,7.7419,8.7097],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-38.0198,-44.1584,-46.5347,-45.7426,-42.3762,-37.6238,-38.2178,-39.802,-46.3366,-38.0198,-56.0396,-56.6337,-56.0396],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,17.0093,5.4206,3.6827,5.2187,13.6719,23.0469,21.875,18.75,5.8594,22.2656,13.8462,12.3077,13.8462],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-01","2025-08-08","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/c509bcc3-9272-4afd-b557-ce3daf38364d/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/c509bcc3-9272-4afd-b557-ce3daf38364d/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/c509bcc3-9272-4afd-b557-ce3daf38364d/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/c509bcc3-9272-4afd-b557-ce3daf38364d/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/c509bcc3-9272-4afd-b557-ce3daf38364d/technical-pack/data.json"},"source_fingerprint":"94e6811a859e9c629042f2bf065d6c5b742af3f7946f79abea1f824423d7b16f","content_hash":"7412f302dbb9b203b46d66c555899a8a4cd9575dfd7598c71e3b03c05579f8ad","citation":"Sharemaestro, CMRC Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/c509bcc3-9272-4afd-b557-ce3daf38364d/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."}