{"schema_version":"1.0","name":"HIMU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c5374c40-620a-4fa4-9cf2-db29757cf8b0","symbol":"HIMU","name":"iShares High Yield Muni Active ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Activity pressure and cumulative balance, Directional strength and control, Range pressure and compression."},{"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":80,"displayedObservations":80,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.1031,0.382451,0.751106,1.110593,1.356732,1.403395,1.296003,1.240427,1.290047,1.305762,1.390857,1.36195,1.326152,1.309817,1.149367,0.892325,0.545943,0.193206,0.071059,0.058764,0.17991,0.193408,0.165986,0.180681,0.146888,0.340208,0.467305,0.353364,0.23325,-0.042281,-0.30474,-0.330254,-0.3632,-0.317454,-0.254375,-0.311832,-0.240703,-0.319722,-0.40492,-0.293281,-0.178649,0.114538,0.488201,0.764918,0.99075,1.090234,0.985646,0.643911,0.23876,-0.032716,-0.229925,-0.280097],"opens":[45.506249,45.600548,46.436991,47.273433,47.388805,47.37919,47.112418,47.252289,47.594732,47.652609,47.680033,47.776943,47.583122,47.757561,47.752442,47.664787,47.723224,47.549399,47.647258,47.715759,48.077835,47.950619,47.931047,48.092116,48.062636,48.327958,48.445879,48.603858,48.090784,47.873715,47.331041,47.113971,47.72832,48.085316,48.402645,48.291296,48.239495,48.38826,47.882459,48.130401,48.528417,48.867011,48.857052,49.125935,49.32369,49.389143,49.179994,49.040561,48.632222,48.53,48.62,48.59],"highs":[45.782753,46.388727,47.273433,47.552247,47.456105,47.47888,47.257112,47.642963,47.758718,47.856339,47.776943,47.888294,47.815707,47.873854,47.830357,47.674526,47.723224,47.73533,47.705973,48.068049,48.204953,48.056306,48.13518,48.229691,48.396745,48.386919,48.612934,48.603858,48.268387,47.970015,47.498776,47.896901,48.27373,48.457186,48.511628,48.291296,48.467601,48.546942,48.031224,48.576695,48.886928,48.913119,49.145852,49.504363,49.531974,49.687928,49.349305,49.110277,48.841371,48.69,48.78,48.6051],"lows":[45.420082,45.494791,46.23759,47.10999,46.869633,47.013848,46.97737,47.091485,47.517562,47.334282,47.486211,47.505593,47.583122,47.631674,47.518695,47.421399,47.479738,47.422184,47.480899,47.707636,47.940833,47.754902,47.911476,47.964368,48.003675,48.208072,48.352525,48.012442,47.350774,47.094238,46.867301,47.064637,47.72832,48.055566,48.224246,47.99503,48.011389,47.694024,47.604765,47.902294,48.384017,48.667838,48.7973,49.006531,49.26418,49.095338,48.911087,48.233842,48.223882,48.29,48.475,48.15],"closes":[45.669011,46.331233,47.225362,47.263819,46.936933,47.151003,47.122064,47.614024,47.710487,47.614024,47.699415,47.631577,47.689724,47.815707,47.586872,47.528435,47.588543,47.588543,47.676615,48.004441,48.116978,47.852761,48.038691,48.082289,48.308305,48.367265,48.59328,48.120385,47.745446,47.163305,46.99557,47.877068,48.12994,48.412561,48.437353,48.209742,48.368424,47.872541,47.991553,48.507272,48.757466,48.757466,49.076142,49.484446,49.419022,49.199913,49.000723,48.452951,48.353356,48.67,48.56,48.23],"hoverRows":[[{"label":"Open","value":"45.5","className":"is-ohlc","compact":true},{"label":"High","value":"45.8","className":"is-ohlc","compact":true},{"label":"Low","value":"45.4","className":"is-ohlc","compact":true},{"label":"Close","value":"45.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.10","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"45.6","className":"is-ohlc","compact":true},{"label":"High","value":"46.4","className":"is-ohlc","compact":true},{"label":"Low","value":"45.5","className":"is-ohlc","compact":true},{"label":"Close","value":"46.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.38","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"46.4","className":"is-ohlc","compact":true},{"label":"High","value":"47.3","className":"is-ohlc","compact":true},{"label":"Low","value":"46.2","className":"is-ohlc","compact":true},{"label":"Close","value":"47.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.75","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"47.3","className":"is-ohlc","compact":true},{"label":"High","value":"47.6","className":"is-ohlc","compact":true},{"label":"Low","value":"47.1","className":"is-ohlc","compact":true},{"label":"Close","value":"47.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.11","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"47.4","className":"is-ohlc","compact":true},{"label":"High","value":"47.5","className":"is-ohlc","compact":true},{"label":"Low","value":"46.9","className":"is-ohlc","compact":true},{"label":"Close","value":"46.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.36","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.4","className":"is-ohlc","compact":true},{"label":"High","value":"47.5","className":"is-ohlc","compact":true},{"label":"Low","value":"47.0","className":"is-ohlc","compact":true},{"label":"Close","value":"47.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.40","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.1","className":"is-ohlc","compact":true},{"label":"High","value":"47.3","className":"is-ohlc","compact":true},{"label":"Low","value":"47.0","className":"is-ohlc","compact":true},{"label":"Close","value":"47.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.30","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.3","className":"is-ohlc","compact":true},{"label":"High","value":"47.6","className":"is-ohlc","compact":true},{"label":"Low","value":"47.1","className":"is-ohlc","compact":true},{"label":"Close","value":"47.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.24","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.6","className":"is-ohlc","compact":true},{"label":"High","value":"47.8","className":"is-ohlc","compact":true},{"label":"Low","value":"47.5","className":"is-ohlc","compact":true},{"label":"Close","value":"47.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.29","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.7","className":"is-ohlc","compact":true},{"label":"High","value":"47.9","className":"is-ohlc","compact":true},{"label":"Low","value":"47.3","className":"is-ohlc","compact":true},{"label":"Close","value":"47.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.31","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.7","className":"is-ohlc","compact":true},{"label":"High","value":"47.8","className":"is-ohlc","compact":true},{"label":"Low","value":"47.5","className":"is-ohlc","compact":true},{"label":"Close","value":"47.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.39","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.8","className":"is-ohlc","compact":true},{"label":"High","value":"47.9","className":"is-ohlc","compact":true},{"label":"Low","value":"47.5","className":"is-ohlc","compact":true},{"label":"Close","value":"47.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.36","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.6","className":"is-ohlc","compact":true},{"label":"High","value":"47.8","className":"is-ohlc","compact":true},{"label":"Low","value":"47.6","className":"is-ohlc","compact":true},{"label":"Close","value":"47.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.33","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.8","className":"is-ohlc","compact":true},{"label":"High","value":"47.9","className":"is-ohlc","compact":true},{"label":"Low","value":"47.6","className":"is-ohlc","compact":true},{"label":"Close","value":"47.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.31","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.8","className":"is-ohlc","compact":true},{"label":"High","value":"47.8","className":"is-ohlc","compact":true},{"label":"Low","value":"47.5","className":"is-ohlc","compact":true},{"label":"Close","value":"47.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.15","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.7","className":"is-ohlc","compact":true},{"label":"High","value":"47.7","className":"is-ohlc","compact":true},{"label":"Low","value":"47.4","className":"is-ohlc","compact":true},{"label":"Close","value":"47.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.89","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.7","className":"is-ohlc","compact":true},{"label":"High","value":"47.7","className":"is-ohlc","compact":true},{"label":"Low","value":"47.5","className":"is-ohlc","compact":true},{"label":"Close","value":"47.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.55","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.5","className":"is-ohlc","compact":true},{"label":"High","value":"47.7","className":"is-ohlc","compact":true},{"label":"Low","value":"47.4","className":"is-ohlc","compact":true},{"label":"Close","value":"47.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.19","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.6","className":"is-ohlc","compact":true},{"label":"High","value":"47.7","className":"is-ohlc","compact":true},{"label":"Low","value":"47.5","className":"is-ohlc","compact":true},{"label":"Close","value":"47.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.07","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.7","className":"is-ohlc","compact":true},{"label":"High","value":"48.1","className":"is-ohlc","compact":true},{"label":"Low","value":"47.7","className":"is-ohlc","compact":true},{"label":"Close","value":"48.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.06","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.1","className":"is-ohlc","compact":true},{"label":"High","value":"48.2","className":"is-ohlc","compact":true},{"label":"Low","value":"47.9","className":"is-ohlc","compact":true},{"label":"Close","value":"48.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.18","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.0","className":"is-ohlc","compact":true},{"label":"High","value":"48.1","className":"is-ohlc","compact":true},{"label":"Low","value":"47.8","className":"is-ohlc","compact":true},{"label":"Close","value":"47.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.19","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.9","className":"is-ohlc","compact":true},{"label":"High","value":"48.1","className":"is-ohlc","compact":true},{"label":"Low","value":"47.9","className":"is-ohlc","compact":true},{"label":"Close","value":"48.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.17","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.1","className":"is-ohlc","compact":true},{"label":"High","value":"48.2","className":"is-ohlc","compact":true},{"label":"Low","value":"48.0","className":"is-ohlc","compact":true},{"label":"Close","value":"48.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.18","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.1","className":"is-ohlc","compact":true},{"label":"High","value":"48.4","className":"is-ohlc","compact":true},{"label":"Low","value":"48.0","className":"is-ohlc","compact":true},{"label":"Close","value":"48.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.3","className":"is-ohlc","compact":true},{"label":"High","value":"48.4","className":"is-ohlc","compact":true},{"label":"Low","value":"48.2","className":"is-ohlc","compact":true},{"label":"Close","value":"48.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.4","className":"is-ohlc","compact":true},{"label":"High","value":"48.6","className":"is-ohlc","compact":true},{"label":"Low","value":"48.4","className":"is-ohlc","compact":true},{"label":"Close","value":"48.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.47","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.6","className":"is-ohlc","compact":true},{"label":"High","value":"48.6","className":"is-ohlc","compact":true},{"label":"Low","value":"48.0","className":"is-ohlc","compact":true},{"label":"Close","value":"48.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.35","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.1","className":"is-ohlc","compact":true},{"label":"High","value":"48.3","className":"is-ohlc","compact":true},{"label":"Low","value":"47.4","className":"is-ohlc","compact":true},{"label":"Close","value":"47.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.23","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.9","className":"is-ohlc","compact":true},{"label":"High","value":"48.0","className":"is-ohlc","compact":true},{"label":"Low","value":"47.1","className":"is-ohlc","compact":true},{"label":"Close","value":"47.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.3","className":"is-ohlc","compact":true},{"label":"High","value":"47.5","className":"is-ohlc","compact":true},{"label":"Low","value":"46.9","className":"is-ohlc","compact":true},{"label":"Close","value":"47.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.30","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.1","className":"is-ohlc","compact":true},{"label":"High","value":"47.9","className":"is-ohlc","compact":true},{"label":"Low","value":"47.1","className":"is-ohlc","compact":true},{"label":"Close","value":"47.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.33","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.7","className":"is-ohlc","compact":true},{"label":"High","value":"48.3","className":"is-ohlc","compact":true},{"label":"Low","value":"47.7","className":"is-ohlc","compact":true},{"label":"Close","value":"48.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.36","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.1","className":"is-ohlc","compact":true},{"label":"High","value":"48.5","className":"is-ohlc","compact":true},{"label":"Low","value":"48.1","className":"is-ohlc","compact":true},{"label":"Close","value":"48.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.4","className":"is-ohlc","compact":true},{"label":"High","value":"48.5","className":"is-ohlc","compact":true},{"label":"Low","value":"48.2","className":"is-ohlc","compact":true},{"label":"Close","value":"48.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.25","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.3","className":"is-ohlc","compact":true},{"label":"High","value":"48.3","className":"is-ohlc","compact":true},{"label":"Low","value":"48.0","className":"is-ohlc","compact":true},{"label":"Close","value":"48.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.31","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.2","className":"is-ohlc","compact":true},{"label":"High","value":"48.5","className":"is-ohlc","compact":true},{"label":"Low","value":"48.0","className":"is-ohlc","compact":true},{"label":"Close","value":"48.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.24","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.4","className":"is-ohlc","compact":true},{"label":"High","value":"48.5","className":"is-ohlc","compact":true},{"label":"Low","value":"47.7","className":"is-ohlc","compact":true},{"label":"Close","value":"47.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"47.9","className":"is-ohlc","compact":true},{"label":"High","value":"48.0","className":"is-ohlc","compact":true},{"label":"Low","value":"47.6","className":"is-ohlc","compact":true},{"label":"Close","value":"48.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.40","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.1","className":"is-ohlc","compact":true},{"label":"High","value":"48.6","className":"is-ohlc","compact":true},{"label":"Low","value":"47.9","className":"is-ohlc","compact":true},{"label":"Close","value":"48.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.29","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.5","className":"is-ohlc","compact":true},{"label":"High","value":"48.9","className":"is-ohlc","compact":true},{"label":"Low","value":"48.4","className":"is-ohlc","compact":true},{"label":"Close","value":"48.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.18","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.9","className":"is-ohlc","compact":true},{"label":"High","value":"48.9","className":"is-ohlc","compact":true},{"label":"Low","value":"48.7","className":"is-ohlc","compact":true},{"label":"Close","value":"48.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.11","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.9","className":"is-ohlc","compact":true},{"label":"High","value":"49.1","className":"is-ohlc","compact":true},{"label":"Low","value":"48.8","className":"is-ohlc","compact":true},{"label":"Close","value":"49.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.49","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"49.1","className":"is-ohlc","compact":true},{"label":"High","value":"49.5","className":"is-ohlc","compact":true},{"label":"Low","value":"49.0","className":"is-ohlc","compact":true},{"label":"Close","value":"49.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.76","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"49.3","className":"is-ohlc","compact":true},{"label":"High","value":"49.5","className":"is-ohlc","compact":true},{"label":"Low","value":"49.3","className":"is-ohlc","compact":true},{"label":"Close","value":"49.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.99","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"49.4","className":"is-ohlc","compact":true},{"label":"High","value":"49.7","className":"is-ohlc","compact":true},{"label":"Low","value":"49.1","className":"is-ohlc","compact":true},{"label":"Close","value":"49.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.09","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"49.2","className":"is-ohlc","compact":true},{"label":"High","value":"49.3","className":"is-ohlc","compact":true},{"label":"Low","value":"48.9","className":"is-ohlc","compact":true},{"label":"Close","value":"49.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.99","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"49.0","className":"is-ohlc","compact":true},{"label":"High","value":"49.1","className":"is-ohlc","compact":true},{"label":"Low","value":"48.2","className":"is-ohlc","compact":true},{"label":"Close","value":"48.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.64","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.6","className":"is-ohlc","compact":true},{"label":"High","value":"48.8","className":"is-ohlc","compact":true},{"label":"Low","value":"48.2","className":"is-ohlc","compact":true},{"label":"Close","value":"48.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.24","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.5","className":"is-ohlc","compact":true},{"label":"High","value":"48.7","className":"is-ohlc","compact":true},{"label":"Low","value":"48.3","className":"is-ohlc","compact":true},{"label":"Close","value":"48.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.6","className":"is-ohlc","compact":true},{"label":"High","value":"48.8","className":"is-ohlc","compact":true},{"label":"Low","value":"48.5","className":"is-ohlc","compact":true},{"label":"Close","value":"48.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"48.6","className":"is-ohlc","compact":true},{"label":"High","value":"48.6","className":"is-ohlc","compact":true},{"label":"Low","value":"48.1","className":"is-ohlc","compact":true},{"label":"Close","value":"48.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.28","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[45.440085,49.713372],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.280097,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics 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":"5 Sep 2025","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":52,"relationship":{"sameWeekCorrelation":0.43,"forwardCorrelation":-0.29,"directionalAgreement":40.4,"sample":47,"correlationSample":51,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":2.8,"averageReturn":2.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":4.4,"averageReturn":4.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":6.4,"averageReturn":6.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.5,"sample":1},{"week":2,"averageReturn":3.4,"sample":1},{"week":3,"averageReturn":3.5,"sample":1},{"week":4,"averageReturn":2.8,"sample":1},{"week":5,"averageReturn":3.2,"sample":1},{"week":6,"averageReturn":3.2,"sample":1},{"week":7,"averageReturn":4.3,"sample":1},{"week":8,"averageReturn":4.5,"sample":1},{"week":9,"averageReturn":4.3,"sample":1},{"week":10,"averageReturn":4.4,"sample":1},{"week":11,"averageReturn":4.3,"sample":1},{"week":12,"averageReturn":4.4,"sample":1},{"week":13,"averageReturn":4.7,"sample":1},{"week":14,"averageReturn":4.2,"sample":1},{"week":15,"averageReturn":4.1,"sample":1},{"week":16,"averageReturn":4.2,"sample":1},{"week":17,"averageReturn":4.2,"sample":1},{"week":18,"averageReturn":4.4,"sample":1},{"week":19,"averageReturn":5.1,"sample":1},{"week":20,"averageReturn":5.4,"sample":1},{"week":21,"averageReturn":4.8,"sample":1},{"week":22,"averageReturn":5.2,"sample":1},{"week":23,"averageReturn":5.3,"sample":1},{"week":24,"averageReturn":5.8,"sample":1},{"week":25,"averageReturn":5.9,"sample":1},{"week":26,"averageReturn":6.4,"sample":1}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-2.1,"averageReturn":-2.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":1},{"week":2,"averageReturn":-0.6,"sample":1},{"week":3,"averageReturn":-1.0,"sample":1},{"week":4,"averageReturn":-2.1,"sample":1},{"week":5,"averageReturn":-2.3,"sample":1},{"week":6,"averageReturn":-1.6,"sample":1},{"week":7,"averageReturn":-1.9,"sample":1},{"week":8,"averageReturn":-2.5,"sample":1},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":5,"completedEpisodes":4,"activeEpisodes":1,"medianExpectedMove":1.5,"averageExpectedMove":1.4,"averageWeeksToLargestMove":10.2,"horizons":[{"weeks":4,"sample":5,"expectedCount":4,"expectedPercent":80.0,"averageReturn":0.6,"medianReturn":0.8,"confidenceLow":37.6,"confidenceHigh":96.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":3,"expectedPercent":75.0,"averageReturn":0.5,"medianReturn":1.0,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":1.7,"medianReturn":1.6,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":5},{"week":2,"averageReturn":0.4,"sample":5},{"week":3,"averageReturn":0.6,"sample":5},{"week":4,"averageReturn":0.6,"sample":5},{"week":5,"averageReturn":0.5,"sample":5},{"week":6,"averageReturn":0.6,"sample":5},{"week":7,"averageReturn":0.5,"sample":5},{"week":8,"averageReturn":0.6,"sample":5},{"week":9,"averageReturn":0.6,"sample":5},{"week":10,"averageReturn":0.2,"sample":5},{"week":11,"averageReturn":0.3,"sample":4},{"week":12,"averageReturn":0.5,"sample":4},{"week":13,"averageReturn":1.1,"sample":4},{"week":14,"averageReturn":0.9,"sample":4},{"week":15,"averageReturn":1.1,"sample":4},{"week":16,"averageReturn":0.9,"sample":4},{"week":17,"averageReturn":0.7,"sample":4},{"week":18,"averageReturn":1.4,"sample":4},{"week":19,"averageReturn":1.4,"sample":4},{"week":20,"averageReturn":1.5,"sample":4},{"week":21,"averageReturn":1.6,"sample":4},{"week":22,"averageReturn":1.4,"sample":4},{"week":23,"averageReturn":1.2,"sample":4},{"week":24,"averageReturn":1.3,"sample":4},{"week":25,"averageReturn":1.4,"sample":4},{"week":26,"averageReturn":1.7,"sample":4}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":0.3,"averageExpectedMove":0.3,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":2.2,"medianReturn":2.2,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":2.5,"medianReturn":2.5,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":3},{"week":2,"averageReturn":0.6,"sample":3},{"week":3,"averageReturn":1.9,"sample":2},{"week":4,"averageReturn":2.2,"sample":2},{"week":5,"averageReturn":2.6,"sample":2},{"week":6,"averageReturn":2.8,"sample":2},{"week":7,"averageReturn":2.9,"sample":2},{"week":8,"averageReturn":2.1,"sample":2},{"week":9,"averageReturn":2.1,"sample":2},{"week":10,"averageReturn":2.0,"sample":2},{"week":11,"averageReturn":2.2,"sample":2},{"week":12,"averageReturn":2.5,"sample":2},{"week":13,"averageReturn":2.7,"sample":2},{"week":14,"averageReturn":2.8,"sample":2},{"week":15,"averageReturn":4.8,"sample":1},{"week":16,"averageReturn":4.3,"sample":1},{"week":17,"averageReturn":3.9,"sample":1},{"week":18,"averageReturn":2.7,"sample":1},{"week":19,"averageReturn":2.5,"sample":1},{"week":20,"averageReturn":3.2,"sample":1},{"week":21,"averageReturn":3.0,"sample":1},{"week":22,"averageReturn":2.3,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":0.6,"averageExpectedMove":0.6,"averageWeeksToLargestMove":8.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.3,"medianReturn":1.3,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.1,"medianReturn":1.1,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":2},{"week":2,"averageReturn":0.6,"sample":2},{"week":3,"averageReturn":0.7,"sample":2},{"week":4,"averageReturn":1.3,"sample":2},{"week":5,"averageReturn":0.7,"sample":2},{"week":6,"averageReturn":0.6,"sample":2},{"week":7,"averageReturn":0.9,"sample":2},{"week":8,"averageReturn":0.6,"sample":2},{"week":9,"averageReturn":0.5,"sample":2},{"week":10,"averageReturn":1.2,"sample":2},{"week":11,"averageReturn":1.5,"sample":2},{"week":12,"averageReturn":1.1,"sample":2},{"week":13,"averageReturn":2.2,"sample":1},{"week":14,"averageReturn":1.8,"sample":1},{"week":15,"averageReturn":0.7,"sample":1},{"week":16,"averageReturn":0.5,"sample":1},{"week":17,"averageReturn":1.1,"sample":1},{"week":18,"averageReturn":0.9,"sample":1},{"week":19,"averageReturn":0.2,"sample":1},{"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":5,"completedEpisodes":4,"activeEpisodes":1,"medianExpectedMove":1.8,"averageExpectedMove":1.8,"averageWeeksToLargestMove":10.8,"horizons":[{"weeks":4,"sample":5,"expectedCount":3,"expectedPercent":60.0,"averageReturn":0.2,"medianReturn":0.2,"confidenceLow":23.1,"confidenceHigh":88.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":1.7,"medianReturn":1.7,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":1.7,"medianReturn":2.1,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.2,"sample":5},{"week":2,"averageReturn":-0.4,"sample":5},{"week":3,"averageReturn":0.1,"sample":5},{"week":4,"averageReturn":0.2,"sample":5},{"week":5,"averageReturn":0.3,"sample":5},{"week":6,"averageReturn":0.9,"sample":4},{"week":7,"averageReturn":0.9,"sample":4},{"week":8,"averageReturn":1.0,"sample":4},{"week":9,"averageReturn":0.6,"sample":4},{"week":10,"averageReturn":0.9,"sample":4},{"week":11,"averageReturn":1.3,"sample":4},{"week":12,"averageReturn":1.7,"sample":4},{"week":13,"averageReturn":1.6,"sample":4},{"week":14,"averageReturn":1.8,"sample":4},{"week":15,"averageReturn":1.3,"sample":4},{"week":16,"averageReturn":1.1,"sample":4},{"week":17,"averageReturn":1.1,"sample":4},{"week":18,"averageReturn":1.2,"sample":4},{"week":19,"averageReturn":1.6,"sample":4},{"week":20,"averageReturn":1.8,"sample":4},{"week":21,"averageReturn":1.7,"sample":4},{"week":22,"averageReturn":1.6,"sample":4},{"week":23,"averageReturn":0.7,"sample":4},{"week":24,"averageReturn":0.7,"sample":3},{"week":25,"averageReturn":1.3,"sample":3},{"week":26,"averageReturn":1.7,"sample":3}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":0.6,"averageExpectedMove":0.6,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-0.2,"medianReturn":-0.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":0.8,"medianReturn":0.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.1,"medianReturn":1.1,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":1},{"week":2,"averageReturn":-0.6,"sample":1},{"week":3,"averageReturn":-0.2,"sample":1},{"week":4,"averageReturn":-0.2,"sample":1},{"week":5,"averageReturn":0.8,"sample":1},{"week":6,"averageReturn":1.0,"sample":1},{"week":7,"averageReturn":0.8,"sample":1},{"week":8,"averageReturn":1.0,"sample":1},{"week":9,"averageReturn":0.9,"sample":1},{"week":10,"averageReturn":1.0,"sample":1},{"week":11,"averageReturn":1.3,"sample":1},{"week":12,"averageReturn":0.8,"sample":1},{"week":13,"averageReturn":0.6,"sample":1},{"week":14,"averageReturn":0.8,"sample":1},{"week":15,"averageReturn":0.8,"sample":1},{"week":16,"averageReturn":1.0,"sample":1},{"week":17,"averageReturn":1.6,"sample":1},{"week":18,"averageReturn":1.9,"sample":1},{"week":19,"averageReturn":1.3,"sample":1},{"week":20,"averageReturn":1.7,"sample":1},{"week":21,"averageReturn":1.8,"sample":1},{"week":22,"averageReturn":2.3,"sample":1},{"week":23,"averageReturn":2.4,"sample":1},{"week":24,"averageReturn":2.9,"sample":1},{"week":25,"averageReturn":1.9,"sample":1},{"week":26,"averageReturn":1.1,"sample":1}]},"currentApplication":{"status":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":50.0,"averageReturn":1.1,"sample":2},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 50.0% of comparable cases moved lower after 12 weeks, with an average move of 1.1% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 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 0.6% across 2 completed cases, with the largest move arriving after 8.5 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":"2025-09-05","price":46.331233}],"reversal_warnings":[{"date":"2025-09-12","price":47.225362}],"reversal_dangers":[{"date":"2025-09-19","price":47.263819}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[46.6543,47.061,47.4209,47.1377,46.5848,46.6691,46.3037,46.5673,43.6386,45.2112,45.5973,45.7556,45.661,45.8501,45.6137,45.5759,45.4822,45.805,46.0139,45.9759,46.1729,45.7628,44.7139,44.9904,45.6307,45.5637,45.5062,45.5541,45.669,46.3312,47.2254,47.2638,46.9369,47.151,47.1221,47.614,47.7105,47.614,47.6994,47.6316,47.6897,47.8157,47.5869,47.5284,47.5885,47.5885,47.6766,48.0044,48.117,47.8528,48.0387,48.0823,48.3083,48.3673,48.5933,48.1204,47.7454,47.1633,46.9956,47.8771,48.1299,48.4126,48.4374,48.2097,48.3684,47.8725,47.9916,48.5073,48.7575,48.7575,49.0761,49.4844,49.419,49.1999,49.0007,48.453,48.3534,48.67,48.56,48.23],"consensus":[-32.5581,70.4626,40.0001,-10.6197,-24.7144,0.0,-36.0491,0.0,-78.7228,0.0,0.0,0.0,0.0,15.1688,-10.2464,-8.1179,-17.9548,9.8277,25.8422,0.0,22.9933,-26.6211,-65.9237,-12.0766,20.3198,0.0,0.0,10.7411,11.9663,52.5631,69.8654,34.7046,0.0,31.9683,19.712,56.9622,46.5032,25.9947,38.9731,12.5365,22.6881,35.8638,0.0,0.0,0.0,0.0,26.1004,52.3844,39.7211,0.0,37.7722,19.4486,45.6069,43.4007,57.7806,-23.5494,-45.3276,-68.9436,-57.2231,35.2256,36.019,51.9613,34.2202,0.0,32.622,-41.056,0.0,51.6642,43.3262,24.0692,54.6718,66.973,34.9999,0.0,0.0,-47.4492,-35.1343,14.5821,-23.4225,-46.001],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[14.8413,53.1878,71.9136,25.5884,0.0,21.0631,24.167,65.4926,47.9716,22.6443,38.8932,11.0493,25.9343,40.7572,0.0,0.0,0.0,0.0,30.9343,55.2184,39.2279,0.0,35.4124,20.6651,51.2696,46.4248,62.7183,-28.8036,-32.5304,-62.2842,-52.6461,43.6931,37.9907,54.0595,33.7781,0.0,32.7803,-36.553,0.0,49.1305,46.655,16.5927,58.1516,72.6469,33.4335,0.0,0.0,-41.5002,-30.4778,25.8655,-18.4038,-47.2019],"force":[15.8968,64.394,79.4105,12.1598,0.0,19.8106,3.3201,51.8297,27.7857,1.633,21.7007,12.7867,7.0872,23.1581,0.0,0.0,0.0,0.0,27.9479,59.9851,30.6094,0.0,42.7556,7.5572,46.5997,32.8905,56.4532,-61.882,-77.1806,-93.4394,-57.8979,81.7107,45.0969,58.8431,19.8447,0.0,38.2724,-66.7092,0.0,82.1293,39.7526,3.7178,48.7122,66.7603,6.2162,0.0,0.0,-72.0057,-34.2547,43.4835,-29.5438,-58.3562],"direction":[5.873,43.3987,60.7069,61.2266,0.0,53.1155,31.072,50.8792,58.1947,49.5577,51.4018,32.324,30.1217,39.3468,0.0,0.0,0.0,0.0,19.2564,43.7165,46.7932,0.0,36.9095,26.5522,38.4262,47.4518,53.0857,-9.8359,-37.2009,-59.0574,-61.9721,7.6551,27.2815,44.6476,44.9937,0.0,28.4052,-27.8786,0.0,32.7991,42.0745,47.1505,54.9517,60.6405,57.3498,0.0,0.0,-36.7077,-41.0843,18.957,-24.7857,-35.8033],"intensity":[39.2857,82.7586,90.0,87.0968,34.375,18.1818,20.5882,62.8571,52.7778,8.1081,7.8947,7.6923,2.5,12.1951,30.9524,16.2791,2.2727,2.2222,8.6957,51.0638,37.5,44.898,24.0,9.8039,36.5385,30.7692,38.4615,73.0769,84.6154,78.8462,69.2308,92.3077,86.5385,55.7692,23.0769,46.1538,23.0769,76.9231,76.9231,78.8462,71.1538,51.9231,51.9231,59.6154,44.2308,32.6923,57.6923,94.2308,50.0,53.8462,25.0,61.5385],"confirmation":[49.2385,85.1712,90.6166,78.5573,10.2641,78.0255,51.5796,85.9415,82.2882,53.2091,79.9462,28.6571,52.0686,79.0146,6.2741,2.8793,47.6162,24.6307,76.3348,84.9515,80.4406,7.368,80.2749,51.1759,82.5382,81.5218,86.3741,33.389,83.6706,90.91,86.4017,59.5263,79.7727,84.8054,78.5191,4.7924,78.6088,81.9884,28.3091,85.4996,81.7048,52.5292,85.2603,89.3384,55.6799,8.2548,28.7984,84.0228,79.2871,32.086,75.7582,83.0786],"persistence":[0.0,25.0,50.0,75.0,62.5,75.0,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,87.5,75.0,62.5,50.0,50.0,50.0,50.0,37.5,50.0,62.5,75.0,87.5,87.5,62.5,37.5,25.0,0.0,0.0,0.0,0.0,0.0,12.5,37.5,37.5,50.0,50.0,50.0,50.0,50.0,62.5,62.5,75.0,75.0,50.0,25.0,25.0,0.0,25.0],"assessmentRisk":[1.0854,21.0871,14.9944,32.5726,45.9555,30.6565,20.6913,10.2492,25.6942,31.5247,27.8837,3.5307,14.5836,9.987,14.6582,24.4898,27.7532,46.458,12.2051,23.3508,30.1111,48.3969,30.2103,13.6672,18.9291,28.1452,20.9909,20.9424,26.5496,15.509,21.3872,46.1031,20.7771,23.8849,32.8497,31.7269,11.7906,23.4233,42.6291,4.8379,15.9141,37.0275,22.5182,16.2665,31.8501,42.4245,9.9141,26.1191,32.32,53.6865,33.7477,8.1246],"volumeParticipation":true,"latest":{"consensus":-46.0,"control":-47.2,"force":-58.4,"direction":-35.8,"confirmation":83.1,"persistence":25.0,"assessmentRisk":8.1,"intensity":61.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-46.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-47.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-58.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-35.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"83/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"47.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"15.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"48%","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 is rotating through its trend references.","series":[{"label":"Close","values":[46.6543,47.061,47.4209,47.1377,46.5848,46.6691,46.3037,46.5673,43.6386,45.2112,45.5973,45.7556,45.661,45.8501,45.6137,45.5759,45.4822,45.805,46.0139,45.9759,46.1729,45.7628,44.7139,44.9904,45.6307,45.5637,45.5062,45.5541,45.669,46.3312,47.2254,47.2638,46.9369,47.151,47.1221,47.614,47.7105,47.614,47.6994,47.6316,47.6897,47.8157,47.5869,47.5284,47.5885,47.5885,47.6766,48.0044,48.117,47.8528,48.0387,48.0823,48.3083,48.3673,48.5933,48.1204,47.7454,47.1633,46.9956,47.8771,48.1299,48.4126,48.4374,48.2097,48.3684,47.8725,47.9916,48.5073,48.7575,48.7575,49.0761,49.4844,49.419,49.1999,49.0007,48.453,48.3534,48.67,48.56,48.23],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,46.8474,46.815,46.722,46.6939,46.1384,45.9698,45.9021,45.8754,45.8364,45.8389,45.798,45.7576,45.7075,45.7252,45.7777,45.8138,45.879,45.8579,45.6499,45.53,45.5483,45.5511,45.543,45.545,45.5675,45.7064,45.9826,46.2155,46.3467,46.4929,46.6073,46.7904,46.9577,47.077,47.1902,47.2704,47.3467,47.4319,47.4601,47.4725,47.4936,47.5109,47.541,47.6253,47.7147,47.7398,47.7941,47.8465,47.9305,48.0099,48.116,48.1168,48.0493,47.8882,47.7259,47.7534,47.8218,47.9292,48.0216,48.0558,48.1127,48.069,48.0549,48.1372,48.2499,48.3422,48.4757,48.6591,48.7973,48.8705,48.8941,48.8139,48.7302,48.7192,48.6903,48.6066],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,46.2371,46.2085,46.1644,46.1208,46.0735,46.0536,46.0507,46.0451,46.0546,46.033,45.9353,45.8653,45.8479,45.8269,45.8031,45.7847,45.7761,45.8172,45.9215,46.021,46.0888,46.1675,46.2382,46.3401,46.4416,46.5285,46.6152,46.6905,46.7645,46.8424,46.8975,46.9443,46.992,47.0362,47.0836,47.1518,47.2233,47.2699,47.3269,47.3828,47.4514,47.5192,47.5988,47.6374,47.6454,47.6097,47.5642,47.5874,47.6276,47.6857,47.7414,47.7761,47.82,47.8239,47.8363,47.886,47.9505,48.0103,48.0893,48.1926,48.2835,48.3513,48.3994,48.4034,48.3997,48.4197,48.4301,48.4153],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,48.4428,48.3209,48.2107,48.1125,48.0263,47.9466,47.8738,47.8078,47.7483,47.7016,47.6567,47.609,47.4713,47.2654,47.0628,46.953,46.811,46.727,46.5806,46.2595,46.3611,46.7182,46.9978,47.155,47.3347,47.491,47.7312,47.9542,48.1327,48.3059,48.4492,48.5861,48.7229,48.6931,48.6443,48.652,48.6183,48.5371,48.4381,48.2735,48.1523,48.2043,48.2564,48.2951,48.3592,48.4523,48.4775,48.4775,48.524,48.5865,48.5939,48.623,48.6895,48.7534,48.7742,48.812,48.8062,48.8064,48.8583,48.9463,49.0311,49.1702,49.389,49.5528,49.6533,49.7005,49.7122,49.7091,49.6498,49.4985,49.4745],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,44.2069,44.1965,44.2229,44.2356,44.2755,44.2836,44.2889,44.2845,44.3171,44.3619,44.4012,44.4008,44.4086,44.3439,44.3317,44.3461,44.3776,44.3818,44.427,44.9511,44.9615,44.7671,44.6384,44.6088,44.5592,44.5537,44.5173,44.5171,44.5196,44.5149,44.5372,44.5519,44.6205,44.9376,45.2401,45.4282,45.6644,45.9626,46.3067,46.7161,46.9894,47.0188,47.0485,47.1469,47.2045,47.2585,47.2839,47.2875,47.1958,47.0629,47.0802,47.095,47.0882,47.1094,47.1567,47.1969,47.2311,47.2624,47.2608,47.2368,47.2425,47.2071,47.1286,47.0759,47.0586,47.0522,47.0737,47.1376,47.3476,47.6552,47.7146],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-7.0554,-5.244,-5.9626,-4.8063,-3.5445,-2.5437,-1.6872,0.4659,-0.5182,-3.1706,-6.3495,-6.4068,-7.3512,-8.7897,-9.5929,-9.7838,-9.7783,-6.7159,-6.9443,-6.8809,-3.6174,-5.5715,-7.027,-5.7929,-6.1461,-7.1122,-9.4416,-9.7812,-8.9397],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"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":[null,null,null,null,null,null,null,null,null,null,null,null,-0.3204,-0.302,-0.303,-0.3033,-0.3076,-0.2817,-0.2415,-0.2103,-0.1678,-0.1652,-0.2451,-0.2827,-0.2579,-0.2409,-0.2294,-0.214,-0.1903,-0.1167,0.0135,0.1185,0.1734,0.2314,0.272,0.3399,0.3969,0.4294,0.4567,0.4675,0.4753,0.4861,0.4707,0.4486,0.431,0.4123,0.3999,0.4119,0.4255,0.4102,0.4084,0.4059,0.4173,0.4261,0.4462,0.4192,0.3633,0.269,0.1786,0.1761,0.1923,0.2253,0.2506,0.2494,0.2583,0.2227,0.2019,0.2243,0.2593,0.2838,0.3252,0.3864,0.4248,0.4326,0.4178,0.3578,0.2988,0.2744,0.2433,0.1899],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.311,-0.3051,-0.2924,-0.276,-0.2544,-0.2365,-0.2382,-0.2471,-0.2493,-0.2476,-0.244,-0.238,-0.2285,-0.2061,-0.1622,-0.106,-0.0502,0.0062,0.0593,0.1154,0.1717,0.2233,0.27,0.3095,0.3426,0.3713,0.3912,0.4027,0.4083,0.4091,0.4073,0.4082,0.4116,0.4114,0.4108,0.4098,0.4113,0.4143,0.4207,0.4204,0.409,0.381,0.3405,0.3076,0.2845,0.2727,0.2683,0.2645,0.2633,0.2552,0.2445,0.2405,0.2442,0.2521,0.2668,0.2907,0.3175,0.3405,0.356,0.3563,0.3448,0.3307,0.3133,0.2886],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0034,0.0234,0.0509,0.0657,0.0866,0.0713,-0.0068,-0.0356,-0.0086,0.0067,0.0145,0.024,0.0381,0.0894,0.1757,0.2246,0.2235,0.2253,0.2127,0.2244,0.2252,0.2061,0.1868,0.1581,0.1327,0.1147,0.0795,0.0459,0.0226,0.0031,-0.0074,0.0037,0.0138,-0.0011,-0.0023,-0.0039,0.006,0.0119,0.0256,-0.0012,-0.0456,-0.112,-0.1619,-0.1315,-0.0923,-0.0474,-0.0177,-0.0151,-0.005,-0.0324,-0.0426,-0.0161,0.0151,0.0317,0.0584,0.0957,0.1073,0.092,0.0618,0.0015,-0.0461,-0.0564,-0.0699,-0.0987],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","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,110.6624,105.6542,63.9445,53.7833,78.1097,65.2412,59.7876,47.055,54.2885,80.2701,60.6427,39.5595,69.873,38.7498,77.0971,131.3126,159.7829,94.8279,179.2548,63.4013,112.062,76.6477,72.9036,100.0253,433.3264,112.7511,113.0377,76.7028,59.251,97.8953,74.4245,82.2938,65.3248,80.6298,69.895,77.3563,98.7491,100.5174,92.4859,154.4582,88.3747,109.0986,104.5148,128.3305,132.0383,95.843,184.4256,106.6236,83.8804,794.0089,145.3106,127.8947,194.3176,50.4723,68.0151,59.971,52.6827,92.4126,58.6245,68.0784,142.1072,46.8756,52.3806,39.4852,54.9425,55.8762,61.3839,51.6139,59.0816,76.6107,108.5503,115.371,110.9278],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,131.4053,122.256,127.5801,131.8603,135.0,130.4378,134.4932,131.4177,127.9744,122.9452,126.6587,129.0025,124.9274,127.165,122.6053,116.4373,124.0948,128.6642,119.5161,116.3625,121.7465,125.2395,128.5019,133.0058,135.0,131.1701,135.0,132.3178,134.3879,135.0,132.5718,135.0,132.8476,135.0,135.0,132.6377,129.6741,132.7236,132.7236,135.0,135.0,135.0,132.2815,135.0,135.0,135.0,135.0,135.0,133.4821,110.7702,106.3897,102.3708,109.0093,110.7404,113.1108,115.223,113.3641,116.6966,114.5664,117.0293,122.4422,124.2223,124.2223,125.7018,127.7551,125.6535,123.3741,121.4572,119.2424,117.1606,120.0281,117.0399,114.3879],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,42.1822,41.9712,41.5966,39.5653,37.5229,36.0554,34.2002,32.5159,30.8712,30.0176,29.4135,28.3958,27.4509,26.7899,26.1762,25.7302,24.9523,23.9193,23.0879,22.1168,21.2151,21.3695,21.8346,21.5432,21.4778,21.6614,22.2433,22.7836,23.8185,23.3382,22.4195,22.1387,22.3355,21.3651,20.1184,19.3555,18.7639,17.6143,16.9568,15.9394,15.2041,14.9639,15.3204,15.699,16.4677,17.7529,18.9881,19.5987,19.6069,18.469,17.4336,16.4722,15.3469,15.0719],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,6.5268,6.1028,5.5633,5.3131,5.3383,5.7026,7.6331,7.8876,7.5659,6.8398,6.5037,10.6248,10.6727,10.4175,9.7419,9.9525,15.0499,22.0217,23.8093,22.4144,21.4111,20.775,23.6939,24.3547,22.9032,22.1128,22.4385,21.7738,21.8457,20.9139,20.1617,20.1559,19.2007,18.5213,23.1193,24.3601,22.8992,23.1404,23.718,25.0093,24.1942,27.2377,24.343,20.6721,17.898,16.2089,19.7512,23.5139,24.7778,24.5323,22.9322,23.9937,21.1211,19.8419,25.549,28.0729,27.4574,29.3049,32.4156,31.5207,28.7473,26.8648,23.5442,21.5254,20.3105,20.7179,19.3413],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,16.2988,18.5232,18.6638,17.8245,17.1698,16.6177,15.9977,15.3294,15.5875,23.1922,22.6457,20.8538,20.0874,19.607,22.3189,21.5062,19.6107,17.6675,16.8976,18.3087,17.3001,17.1735,16.1544,15.7153,16.871,16.2888,15.5291,15.0691,14.5847,15.5088,16.3334,15.7468,15.8715,15.3099,14.3584,13.7379,15.9936,15.2265,14.5219,13.5235,13.0827,12.4467,17.2351,25.5099,26.0175,26.9536,23.5391,21.744,20.504,19.6409,21.7398,20.2712,22.2991,22.2162,20.1391,18.7325,18.0697,17.0414,15.8002,15.1606,16.3336,18.0173,25.3416,23.307,21.9916,21.0175,24.3661],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.1238,2.1201,2.1614,2.1058,2.0157,1.9251,1.8584,1.7932,1.7515,1.8412,1.787,1.7767,1.7152,1.6338,1.6206,1.5578,1.5636,1.5811,1.5338,1.5234,1.4903,1.4271,1.3942,1.3281,1.3141,1.2616,1.2305,1.176,1.1253,1.0968,1.0577,1.0175,0.9918,0.953,0.9371,0.9073,0.9012,0.8756,0.8517,0.8453,0.8104,0.7873,0.826,0.9103,0.9884,1.017,1.0615,1.0614,1.0391,1.0068,1.0048,0.9973,1.063,1.0481,1.0622,1.0549,1.0155,0.9934,0.9866,0.9561,0.9778,0.9755,1.0453,1.0638,1.0401,1.0129,1.0144],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,9.1438,8.9161,8.6286,8.3964,8.1272,7.9432,7.7796,7.6517,7.4538,7.2552,7.0727,6.9737,6.6667,6.3781,5.9766,5.7108,5.3371,5.148,4.7328,2.8689,3.0653,4.2654,5.1495,5.5496,6.0407,6.3825,6.968,7.4339,7.7992,8.1684,8.4142,8.6629,8.79,8.0219,7.2518,6.8534,6.2662,5.4486,4.4992,3.279,2.4445,2.4899,2.5349,2.4061,2.4167,2.4948,2.4928,2.4852,2.7751,3.1858,3.1643,3.1927,3.3438,3.43,3.3723,3.3644,3.28,3.2142,3.3239,3.5547,3.7155,4.0739,4.684,5.1267,5.3659,5.4744,5.4521,5.3104,4.7469,3.7946,3.6216],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/c5374c40-620a-4fa4-9cf2-db29757cf8b0/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/c5374c40-620a-4fa4-9cf2-db29757cf8b0/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/c5374c40-620a-4fa4-9cf2-db29757cf8b0/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/c5374c40-620a-4fa4-9cf2-db29757cf8b0/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/c5374c40-620a-4fa4-9cf2-db29757cf8b0/technical-pack/data.json"},"source_fingerprint":"87b25888998540f711651ff87dd785eddfde42444e16a9b11525928d7e1e3f05","content_hash":"1198deb4aa6cc802ef5c5e9b74fcab58ea1719970e46d2a74564967ddd4ed2b3","citation":"Sharemaestro, HIMU Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/c5374c40-620a-4fa4-9cf2-db29757cf8b0/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."}