{"schema_version":"1.0","name":"SUZB3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"c964b203-7d1a-4ab6-825b-06e5eca2a9ab","symbol":"SUZB3","name":"Suzano S.A.","exchange":"BUE","country":"AR","asset_type":"equity","currency":"ARS","sector":"Basic Materials","industry":"Paper & Paper Products"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, 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":"2026-08-14","observations":77,"displayedObservations":77,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.769229,1.063595,1.044286,1.052992,1.091471,0.978953,0.812113,0.734705,0.558305,0.258255,0.05893,-0.273348,-0.400958,-0.348487,-0.399954,-0.391466,-0.468193,-0.417632,-0.237471,0.193955,0.424536,0.568083,0.821671,0.904003,1.120547,1.268481,0.972281,0.548171,0.058632,-0.360429,-0.59814,-0.780672,-0.93789,-1.117059,-1.199752,-1.277634,-1.211834,-1.223019,-1.249405,-1.236249,-1.30561,-1.290549,-1.263725,-1.200499,-0.927042,-0.533154,-0.061503,0.265442,0.399545],"opens":[13050.0,13830.0,14140.0,13190.0,13690.0,14280.0,12770.0,14050.0,13350.0,13750.0,13510.0,13570.0,13250.0,13800.0,13550.0,13620.0,14010.0,14470.0,14710.0,14380.0,14890.0,13770.0,14550.0,16140.0,15670.0,16590.0,15540.0,14540.0,14080.0,14360.0,13890.0,14300.0,14100.0,13960.0,12930.0,13210.0,12200.0,12300.0,12190.0,12130.0,12660.0,12310.0,12270.0,12520.0,12710.0,12810.0,13480.0,13300.0,13000.0],"highs":[13125.0,13830.0,15010.0,13500.0,14750.0,14380.0,13350.0,14530.0,13670.0,14000.0,13610.0,13570.0,13640.0,14140.0,13710.0,13630.0,14010.0,14470.0,14710.0,15230.0,15030.0,14500.0,16500.0,16140.0,17060.0,16590.0,15710.0,14540.0,14080.0,14400.0,13990.0,14320.0,14170.0,13960.0,13140.0,13210.0,12710.0,12440.0,12250.0,12410.0,12880.0,12310.0,12270.0,12520.0,13070.0,13290.0,13510.0,13450.0,13000.0],"lows":[12875.0,13440.0,13920.0,13170.0,13690.0,13430.0,12560.0,14050.0,13230.0,13240.0,12850.0,13240.0,13250.0,13800.0,13550.0,13570.0,14010.0,14150.0,14700.0,14380.0,14310.0,13770.0,14550.0,15690.0,15670.0,15570.0,14660.0,14540.0,14080.0,14360.0,13890.0,13770.0,13560.0,13170.0,12750.0,12350.0,12200.0,12270.0,12100.0,12130.0,12510.0,12310.0,12270.0,12520.0,12710.0,12800.0,13160.0,12860.0,12370.0],"closes":[13125.0,13770.0,15010.0,13500.0,14440.0,13560.0,13350.0,14360.0,13570.0,13240.0,13610.0,13240.0,13640.0,14140.0,13710.0,13570.0,14010.0,14150.0,14700.0,14890.0,14320.0,14500.0,16180.0,15690.0,16620.0,15570.0,14660.0,14540.0,14080.0,14400.0,13990.0,13980.0,13560.0,13330.0,13140.0,12350.0,12360.0,12440.0,12250.0,12410.0,12510.0,12310.0,12270.0,12520.0,12890.0,13290.0,13200.0,12860.0,12950.0],"pressureRange":[-1.488395,1.488395],"priceRange":[12250.0,16620.0],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"latest":0.399545,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":49,"relationship":{"sameWeekCorrelation":0.3,"forwardCorrelation":-0.23,"directionalAgreement":61.4,"sample":44,"correlationSample":48,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":8.0,"medianWeeksInZone":8,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":0.5,"averageReturn":0.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":4.1,"averageReturn":4.1,"confidenceLow":20.7,"confidenceHigh":100.0,"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":1},{"week":2,"averageReturn":0.7,"sample":1},{"week":3,"averageReturn":-0.8,"sample":1},{"week":4,"averageReturn":0.5,"sample":1},{"week":5,"averageReturn":1.3,"sample":1},{"week":6,"averageReturn":-0.3,"sample":1},{"week":7,"averageReturn":-0.6,"sample":1},{"week":8,"averageReturn":1.4,"sample":1},{"week":9,"averageReturn":4.4,"sample":1},{"week":10,"averageReturn":7.6,"sample":1},{"week":11,"averageReturn":6.9,"sample":1},{"week":12,"averageReturn":4.1,"sample":1},{"week":13,"averageReturn":4.9,"sample":1},{"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}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-15.3,"averageReturn":-15.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-25.6,"averageReturn":-25.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.3,"sample":1},{"week":2,"averageReturn":-11.8,"sample":1},{"week":3,"averageReturn":-12.5,"sample":1},{"week":4,"averageReturn":-15.3,"sample":1},{"week":5,"averageReturn":-13.4,"sample":1},{"week":6,"averageReturn":-15.8,"sample":1},{"week":7,"averageReturn":-15.9,"sample":1},{"week":8,"averageReturn":-18.4,"sample":1},{"week":9,"averageReturn":-19.8,"sample":1},{"week":10,"averageReturn":-20.9,"sample":1},{"week":11,"averageReturn":-25.7,"sample":1},{"week":12,"averageReturn":-25.6,"sample":1},{"week":13,"averageReturn":-25.2,"sample":1},{"week":14,"averageReturn":-26.3,"sample":1},{"week":15,"averageReturn":-25.3,"sample":1},{"week":16,"averageReturn":-24.7,"sample":1},{"week":17,"averageReturn":-25.9,"sample":1},{"week":18,"averageReturn":-26.2,"sample":1},{"week":19,"averageReturn":-24.7,"sample":1},{"week":20,"averageReturn":-22.4,"sample":1},{"week":21,"averageReturn":-20.0,"sample":1},{"week":22,"averageReturn":-20.6,"sample":1},{"week":23,"averageReturn":-22.6,"sample":1},{"week":24,"averageReturn":-22.1,"sample":1},{"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":7.7,"averageExpectedMove":8.7,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":2,"expectedPercent":50.0,"averageReturn":-1.9,"medianReturn":-2.6,"confidenceLow":15.0,"confidenceHigh":85.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":2,"expectedPercent":50.0,"averageReturn":3.4,"medianReturn":0.4,"confidenceLow":15.0,"confidenceHigh":85.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":4,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-7.6,"medianReturn":-8.2,"confidenceLow":0.0,"confidenceHigh":49.0,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.5,"sample":5},{"week":2,"averageReturn":-4.4,"sample":4},{"week":3,"averageReturn":1.7,"sample":4},{"week":4,"averageReturn":-1.9,"sample":4},{"week":5,"averageReturn":-0.5,"sample":4},{"week":6,"averageReturn":0.1,"sample":4},{"week":7,"averageReturn":-2.6,"sample":4},{"week":8,"averageReturn":-1.3,"sample":4},{"week":9,"averageReturn":-0.1,"sample":4},{"week":10,"averageReturn":-1.1,"sample":4},{"week":11,"averageReturn":-0.8,"sample":4},{"week":12,"averageReturn":3.4,"sample":4},{"week":13,"averageReturn":1.0,"sample":4},{"week":14,"averageReturn":3.6,"sample":4},{"week":15,"averageReturn":4.6,"sample":4},{"week":16,"averageReturn":-0.2,"sample":4},{"week":17,"averageReturn":1.5,"sample":4},{"week":18,"averageReturn":1.9,"sample":4},{"week":19,"averageReturn":-0.3,"sample":4},{"week":20,"averageReturn":0.6,"sample":4},{"week":21,"averageReturn":-1.8,"sample":4},{"week":22,"averageReturn":-4.0,"sample":4},{"week":23,"averageReturn":-5.4,"sample":4},{"week":24,"averageReturn":-6.1,"sample":4},{"week":25,"averageReturn":-7.1,"sample":4},{"week":26,"averageReturn":-7.6,"sample":4}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":8.7,"averageExpectedMove":8.7,"averageWeeksToLargestMove":6.5,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":1.0,"medianReturn":2.5,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":2.0,"medianReturn":2.0,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-6.0,"medianReturn":-6.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":3},{"week":2,"averageReturn":1.9,"sample":3},{"week":3,"averageReturn":0.8,"sample":3},{"week":4,"averageReturn":1.0,"sample":3},{"week":5,"averageReturn":1.4,"sample":3},{"week":6,"averageReturn":-1.0,"sample":3},{"week":7,"averageReturn":0.7,"sample":3},{"week":8,"averageReturn":-0.6,"sample":2},{"week":9,"averageReturn":-3.4,"sample":2},{"week":10,"averageReturn":-2.2,"sample":2},{"week":11,"averageReturn":4.5,"sample":2},{"week":12,"averageReturn":2.0,"sample":2},{"week":13,"averageReturn":5.4,"sample":2},{"week":14,"averageReturn":2.3,"sample":2},{"week":15,"averageReturn":0.1,"sample":2},{"week":16,"averageReturn":1.1,"sample":2},{"week":17,"averageReturn":-1.0,"sample":2},{"week":18,"averageReturn":-1.0,"sample":2},{"week":19,"averageReturn":-2.2,"sample":2},{"week":20,"averageReturn":5.6,"sample":1},{"week":21,"averageReturn":2.4,"sample":1},{"week":22,"averageReturn":0.7,"sample":1},{"week":23,"averageReturn":-0.8,"sample":1},{"week":24,"averageReturn":-6.7,"sample":1},{"week":25,"averageReturn":-6.6,"sample":1},{"week":26,"averageReturn":-6.0,"sample":1}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":0.5,"averageExpectedMove":0.5,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":0,"expectedPercent":0.0,"averageReturn":3.7,"medianReturn":2.7,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":21.8,"medianReturn":21.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-10.2,"medianReturn":-10.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.2,"sample":3},{"week":2,"averageReturn":1.6,"sample":3},{"week":3,"averageReturn":2.2,"sample":3},{"week":4,"averageReturn":3.7,"sample":3},{"week":5,"averageReturn":4.1,"sample":3},{"week":6,"averageReturn":6.8,"sample":3},{"week":7,"averageReturn":7.8,"sample":2},{"week":8,"averageReturn":4.3,"sample":2},{"week":9,"averageReturn":5.3,"sample":2},{"week":10,"averageReturn":18.6,"sample":1},{"week":11,"averageReturn":15.0,"sample":1},{"week":12,"averageReturn":21.8,"sample":1},{"week":13,"averageReturn":14.1,"sample":1},{"week":14,"averageReturn":7.5,"sample":1},{"week":15,"averageReturn":6.6,"sample":1},{"week":16,"averageReturn":3.2,"sample":1},{"week":17,"averageReturn":5.6,"sample":1},{"week":18,"averageReturn":2.6,"sample":1},{"week":19,"averageReturn":2.5,"sample":1},{"week":20,"averageReturn":-0.6,"sample":1},{"week":21,"averageReturn":-2.3,"sample":1},{"week":22,"averageReturn":-3.7,"sample":1},{"week":23,"averageReturn":-9.5,"sample":1},{"week":24,"averageReturn":-9.4,"sample":1},{"week":25,"averageReturn":-8.8,"sample":1},{"week":26,"averageReturn":-10.2,"sample":1}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":5.9,"averageExpectedMove":5.5,"averageWeeksToLargestMove":4.7,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-2.1,"medianReturn":-2.4,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-2.2,"medianReturn":4.4,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-0.0,"medianReturn":-0.0,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.6,"sample":3},{"week":2,"averageReturn":0.7,"sample":3},{"week":3,"averageReturn":-1.4,"sample":3},{"week":4,"averageReturn":-2.1,"sample":3},{"week":5,"averageReturn":-0.0,"sample":3},{"week":6,"averageReturn":-2.9,"sample":3},{"week":7,"averageReturn":-2.8,"sample":3},{"week":8,"averageReturn":-0.9,"sample":3},{"week":9,"averageReturn":-3.5,"sample":3},{"week":10,"averageReturn":-2.4,"sample":3},{"week":11,"averageReturn":-0.7,"sample":3},{"week":12,"averageReturn":-2.2,"sample":3},{"week":13,"averageReturn":-0.0,"sample":3},{"week":14,"averageReturn":4.8,"sample":3},{"week":15,"averageReturn":1.7,"sample":3},{"week":16,"averageReturn":4.4,"sample":3},{"week":17,"averageReturn":6.5,"sample":3},{"week":18,"averageReturn":3.9,"sample":3},{"week":19,"averageReturn":6.8,"sample":3},{"week":20,"averageReturn":2.9,"sample":3},{"week":21,"averageReturn":0.7,"sample":3},{"week":22,"averageReturn":-0.4,"sample":3},{"week":23,"averageReturn":3.4,"sample":2},{"week":24,"averageReturn":3.1,"sample":2},{"week":25,"averageReturn":0.7,"sample":2},{"week":26,"averageReturn":-0.0,"sample":2}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":66.7,"averageReturn":-2.2,"sample":3},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 66.7% of comparable cases moved higher after 12 weeks, with an average move of -2.2% across 3 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 8.0 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 5.5% across 3 completed cases, with the largest move arriving after 4.7 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[],"price_pressure_gaps":[]}},"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[12350.0,12200.0,12125.0,11750.0,11575.0,12575.0,12175.0,12125.0,11700.0,11100.0,10350.0,10750.0,10550.0,11150.0,11100.0,10875.0,11725.0,11600.0,11375.0,11800.0,11325.0,11600.0,12225.0,12500.0,13600.0,13450.0,13075.0,13075.0,13125.0,13770.0,15010.0,13500.0,14440.0,13560.0,13350.0,14360.0,13570.0,13240.0,13610.0,13240.0,13640.0,14140.0,13710.0,13570.0,14010.0,14150.0,14700.0,14890.0,14320.0,14500.0,16180.0,15690.0,16620.0,15570.0,14660.0,14540.0,14080.0,14400.0,13990.0,13980.0,13560.0,13330.0,13140.0,12350.0,12360.0,12440.0,12250.0,12410.0,12510.0,12310.0,12270.0,12520.0,12890.0,13290.0,13200.0,12860.0,12950.0],"consensus":[47.3684,-86.6667,-25.0,-58.0,-63.421,51.6529,-16.3432,-10.2007,-41.8235,-51.8541,-65.2516,-23.8207,-64.9431,25.0987,0.0,-24.4982,57.2839,19.8485,0.0,51.659,-33.9215,11.3033,65.4816,50.2031,71.4264,36.2624,26.5408,16.4164,29.3079,53.1681,76.612,8.7018,58.2096,-27.5072,0.0,48.3156,-18.7026,-27.2115,29.1486,-35.7833,34.8568,46.5039,8.4498,-12.7747,35.135,0.0,34.5948,48.2567,-20.3525,39.3198,73.4625,0.0,70.863,-13.8483,-46.9899,-21.5977,-37.9513,0.0,-32.1112,-30.4748,-53.202,-50.5014,-25.0921,-70.2655,-40.2554,-21.466,-29.7376,0.0,-27.9719,-31.7498,-24.3871,0.0,30.2015,52.9491,0.0,-23.0421,10.894],"supportDates":["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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[28.5108,32.7507,1.862,47.4915,62.6003,88.393,15.9033,61.7251,-26.7193,0.0,53.5224,-2.1606,-32.4902,25.7998,-38.1081,37.6086,55.7318,15.1579,-26.5956,28.4611,0.0,21.5732,43.0265,-24.915,39.2106,70.5291,0.0,67.2189,-25.6756,-43.5405,-16.5802,-35.5069,0.0,-11.7699,-28.4212,-61.3223,-50.764,-10.9403,-79.7185,-36.7831,-4.2339,-15.2087,0.0,-38.857,-34.4642,-28.3178,0.0,21.5227,54.3239,0.0,-33.7365,11.5027],"force":[2.9012,27.3226,10.5469,8.9704,35.9091,63.3515,40.6775,50.7164,-81.092,0.0,42.093,-56.329,-34.2934,60.526,-42.5647,69.4471,43.8389,0.0572,-16.7838,59.722,0.0,34.1761,50.5245,-73.5465,55.0583,94.7811,0.0,86.324,-75.2953,-78.7799,-14.0272,-26.8922,0.0,-45.8644,-16.3428,-43.7541,-39.239,-1.243,-58.1314,-9.43,-9.0924,-5.2477,0.0,-7.3984,-12.649,-1.8989,0.0,66.882,65.6166,0.0,-52.3786,15.5018],"direction":[68.9506,57.9177,52.3094,23.0536,54.7164,72.6197,35.7424,59.5442,-9.8672,0.0,46.8096,-10.7319,-16.1204,10.5634,-28.2827,7.0044,37.8612,6.7782,-5.8842,25.2,0.0,49.7757,52.6141,-22.8576,28.2029,61.5875,0.0,63.9842,-43.5593,-28.225,-32.7396,-48.6443,0.0,-45.5347,-42.9162,-50.67,-58.2459,-58.3006,-68.1293,-66.2418,-62.9872,-63.8349,0.0,-30.2272,-42.2911,-35.9578,0.0,13.9199,42.3298,0.0,-10.1347,6.9069],"intensity":[100.0,92.3077,66.6667,32.1429,72.4138,100.0,100.0,96.875,78.7879,82.3529,97.1429,72.2222,21.6216,31.5789,33.3333,45.0,48.7805,45.2381,2.3256,47.7273,48.8889,54.3478,51.0638,56.25,51.0204,100.0,88.2353,78.8462,84.6154,75.0,88.4615,36.5385,11.5385,38.4615,13.4615,30.7692,23.0769,67.3077,65.3846,42.3077,3.8462,3.8462,3.8462,42.3077,57.6923,1.9231,9.6154,55.7692,30.7692,23.0769,19.2308,48.0769],"confirmation":[56.0387,35.2524,6.9033,76.4816,84.3441,91.9322,32.5145,86.3451,35.219,27.5504,83.192,52.717,76.8431,78.3349,79.6219,57.4997,82.6594,25.0126,50.5881,80.0942,25.2318,79.256,83.5909,35.6074,81.0637,92.2024,36.366,91.2029,38.0832,84.0582,74.757,79.8446,31.2918,79.0047,77.3525,84.613,83.8132,52.8516,89.9711,79.9952,8.1401,54.3244,7.3713,53.4915,77.5365,52.3919,4.535,78.9146,85.3088,7.5016,32.9333,48.9506],"persistence":[62.5,75.0,75.0,100.0,100.0,100.0,100.0,100.0,75.0,62.5,62.5,37.5,12.5,12.5,12.5,12.5,12.5,25.0,0.0,25.0,37.5,37.5,62.5,37.5,37.5,37.5,50.0,50.0,37.5,12.5,12.5,12.5,25.0,50.0,62.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,87.5,87.5,87.5,87.5,75.0,50.0,25.0,12.5,25.0,0.0],"assessmentRisk":[31.8374,34.1034,33.8594,53.5059,4.6306,11.6404,23.0278,18.3787,0.2069,46.4722,15.7305,29.8047,5.9003,1.447,26.7022,13.0061,17.2441,2.0599,28.2158,10.2554,2.8494,30.9967,25.4588,40.6224,16.8785,12.8039,44.8097,14.5257,52.7044,24.9644,35.2556,30.9272,46.4833,19.9989,17.3858,4.2917,20.0826,29.1997,14.7137,29.0085,38.2336,34.6847,13.2087,37.4099,5.6381,16.1464,22.504,27.9362,23.3734,47.6384,51.714,8.3486],"volumeParticipation":true,"latest":{"consensus":10.9,"control":11.5,"force":15.5,"direction":6.9,"confirmation":49.0,"persistence":0.0,"assessmentRisk":8.3,"intensity":48.1,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+10.9","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+11.5","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+15.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+6.9","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"49/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"46.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"14.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"17%","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":[12350.0,12200.0,12125.0,11750.0,11575.0,12575.0,12175.0,12125.0,11700.0,11100.0,10350.0,10750.0,10550.0,11150.0,11100.0,10875.0,11725.0,11600.0,11375.0,11800.0,11325.0,11600.0,12225.0,12500.0,13600.0,13450.0,13075.0,13075.0,13125.0,13770.0,15010.0,13500.0,14440.0,13560.0,13350.0,14360.0,13570.0,13240.0,13610.0,13240.0,13640.0,14140.0,13710.0,13570.0,14010.0,14150.0,14700.0,14890.0,14320.0,14500.0,16180.0,15690.0,16620.0,15570.0,14660.0,14540.0,14080.0,14400.0,13990.0,13980.0,13560.0,13330.0,13140.0,12350.0,12360.0,12440.0,12250.0,12410.0,12510.0,12310.0,12270.0,12520.0,12890.0,13290.0,13200.0,12860.0,12950.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,12077.5118,12167.9642,12169.2434,12161.1992,12077.3448,11899.6457,11617.892,11460.0934,11294.6219,11268.327,11237.7221,11171.7726,11272.3594,11331.9304,11339.7613,11423.441,11405.5427,11440.8985,11583.4624,11750.1056,12086.4501,12334.3682,12469.0286,12579.2052,12678.4406,12876.9059,13264.7412,13307.5156,13513.4218,13521.8906,13490.6377,13648.7036,13634.3939,13562.6859,13571.2885,13511.0542,13534.4989,13644.59,13656.4827,13640.7586,13707.8934,13788.2764,13954.0443,14124.2181,14159.8148,14221.6667,14577.7273,14779.9587,15114.5116,15197.3277,15099.6318,14997.8805,14830.9932,14752.6308,14613.9706,14498.7032,14328.0299,14146.5699,13963.5572,13670.1832,13431.9681,13251.6102,13069.4993,12949.5903,12869.6648,12767.9076,12677.3789,12648.7646,12692.6256,12801.2391,12873.7411,12871.2427,12885.5622],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,11795.4998,11747.685,11699.7083,11638.6188,11645.0174,11641.6828,11621.9285,11635.119,11612.1472,11611.2474,11656.7106,11719.1765,11858.4967,11976.3858,12057.7647,12133.1154,12206.5884,12322.3966,12521.4784,12593.9615,12730.705,12792.1343,12833.4577,12946.5349,12992.7175,13011.0347,13055.4025,13069.0764,13111.367,13187.5621,13226.2612,13251.7233,13307.892,13370.2703,13468.7688,13574.0452,13629.3011,13693.7973,13877.9605,14012.1856,14205.3571,14306.4417,14332.6312,14347.9919,14328.1406,14333.4636,14308.0218,14283.7239,14230.1147,14163.4396,14087.6292,13958.9159,13840.4777,13736.7386,13626.6098,13536.4906,13460.4543,13375.2354,13293.3661,13236.0798,13210.4442,13216.3372,13215.1271,13188.8214,13171.1309],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,12789.0991,13036.4125,13037.186,13044.1623,12981.4513,12924.7947,12881.001,12855.4543,12822.0314,12781.3346,12768.5549,12663.1128,12589.2232,12606.7317,12725.228,13130.7235,13325.8202,13470.0119,13609.2634,13774.6088,14053.0171,14542.0025,14649.5144,14869.3585,14944.0985,14963.5058,15067.8415,15103.9753,15083.4972,15040.4689,14994.6147,14860.6885,14765.9485,14689.04,14619.894,14652.431,14703.0536,14828.8754,14970.2508,14988.3217,15049.2686,15411.3946,15673.4317,16123.9152,16279.926,16292.9415,16302.46,16294.1855,16266.7893,16254.3202,16208.7929,16214.1705,16251.1049,16292.6261,16425.1757,16533.4382,16601.2234,16626.8742,16587.3852,16574.3832,16541.28,16196.885,15896.2111,15239.8012,14821.1228,14600.1044,14363.438,14214.4379],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,11145.9009,10604.4966,10425.314,10236.607,10229.263,10218.5386,10175.249,10223.9575,10264.0797,10287.0864,10326.4451,10329.3872,10343.2768,10335.7683,10292.272,10089.2765,9981.6798,9927.4881,9883.2366,9860.3912,9848.9829,9825.9975,9993.4856,10162.6415,10328.9015,10534.4942,10778.6585,10927.0247,11111.5028,11378.0311,11567.8853,11933.3115,12282.0515,12507.46,12683.606,12692.069,12711.4464,12748.1246,12788.2492,12889.6783,12901.7314,12656.6054,12613.5683,12381.0848,12426.074,12544.0585,12552.54,12611.8145,12755.2107,12805.6798,12925.2071,12911.8295,12793.8951,12695.3739,12440.8243,12167.5618,11928.7766,11658.1258,11449.6148,11281.6168,11095.72,11049.115,11032.7889,11316.1988,11506.8772,11581.8956,11650.562,11686.5621],"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[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,-0.7725,13.8598,7.0294,0.1283,-3.7536,-9.1107,-13.3036,-15.6231,-12.2063,-13.2632,-14.3785,-13.685,-16.8775,-20.674,-28.0112,-27.0356,-31.735,-29.4925,-26.4934,-27.9683,-27.8836,-23.4407,-22.646,-22.9039,-19.5203,-14.642],"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],"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-394.9636,-385.6928,-378.0227,-385.654,-319.4318,-273.8796,-253.0181,-199.8871,-193.8741,-165.0163,-90.6689,-9.4489,142.042,247.1469,296.7631,332.2542,360.2628,429.5544,577.8648,567.0212,627.0495,596.735,549.4317,586.6792,546.156,481.8582,455.5069,400.1546,384.1361,407.0945,386.1405,354.155,360.159,371.9266,420.7824,469.4212,456.7089,455.9035,584.094,638.7836,748.54,742.2404,656.2536,571.8338,462.4811,397.0625,308.5772,234.9368,141.0597,47.5542,-41.4038,-173.6482,-274.482,-343.973,-409.6543,-443.6821,-457.3086,-478.7275,-493.2441,-479.0534,-432.9604,-360.0048,-305.9227,-287.1869,-262.0555],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-375.25,-354.9759,-334.5843,-307.6449,-284.8907,-260.9158,-226.8665,-183.3829,-118.2979,-45.209,23.1854,84.9992,140.0519,197.9524,273.9349,332.5522,391.4516,432.5083,455.893,482.0502,494.8714,492.2687,484.9164,467.964,451.1984,442.3776,431.1302,415.7352,404.6199,398.0813,402.6215,415.9814,424.1269,430.4823,461.2046,496.7204,547.0843,586.1155,600.1431,594.4813,568.0812,533.8775,488.8174,438.0413,378.645,312.4268,241.6607,158.5989,71.9827,-11.2084,-90.8976,-161.4545,-220.6253,-272.2458,-316.4454,-348.967,-365.7657,-364.6135,-352.8753,-339.7376,-324.2012],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,55.8181,81.0963,81.5662,107.7578,91.0166,95.8995,136.1976,173.9341,260.34,292.3559,273.5776,247.255,220.2109,231.602,303.9299,234.4691,235.5979,164.2267,93.5387,104.629,51.2846,-10.4105,-29.4095,-67.8094,-67.0623,-35.2832,-44.9897,-61.5801,-44.461,-26.1547,18.1609,53.4398,32.582,25.4212,122.8894,142.0632,201.4556,156.1248,56.1105,-22.6475,-105.6002,-136.815,-180.2403,-203.1045,-237.5853,-264.8726,-283.0645,-332.2472,-346.4647,-332.7646,-318.7567,-282.2276,-236.6833,-206.4818,-176.7987,-130.0864,-67.1947,4.6087,46.9527,52.5508,62.1457],"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],"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,0.1393,0.3447,192.4753,47.727,103.6323,123.9884,168.4425,0.0293,6.9476,45.5524,32.6213,33.1725,253.2652,1.8583,17.4811,231.098,1.5376,17.6132,0.0881,161.0959,0.8994,1.2138,2.6,3.0994,172.0786,4.8286,160.5113,133.4056,2.8646,529.8673,0.5405,124.1577,2.0305,215.96,0.237,0.721,2.5239,11.2077,26.7136,4.0298,1143.391,185.9305,288.0046,89.4467,347.8594,123.1203,262.2182,51.6796,0.0187,0.5575,49.1711,116.673,42.0438,5.2529,25.0046,4.0914,3.2921,352.2729,3.1202,3.0367,0.6902,9.6176,0.026,0.2451,0.069,51.9577,8.9846,462.8808,12.113,3.4979],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,65.0,65.0,65.0,69.2928,65.0,72.3173,72.3161,72.0509,73.7328,72.5743,71.4384,80.8717,80.8098,81.307,88.478,88.5256,89.0109,89.0085,84.7492,84.7492,84.7813,84.8396,84.9062,81.2535,81.3439,78.7153,76.3745,76.4244,65.0,65.0,67.7939,67.7576,72.0785,72.0831,72.0714,72.0304,72.2108,72.6464,72.7037,110.6827,103.877,116.1827,120.1803,102.1171,108.9239,92.63,89.3946,89.3934,89.3618,92.2201,85.1909,82.6042,82.2916,80.7845,80.5375,80.3384,106.1546,106.3829,106.1604,106.1979,106.6897,106.6885,106.678,106.6803,108.3103,108.5199,95.4438,95.0995,95.1991],"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],"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-1.2146,-1.8219,-4.8583,-6.2753,0.0,-3.1809,-3.5785,-6.9583,-11.7296,-17.6938,-14.5129,-16.1034,-11.332,-11.7296,-13.5189,-6.7594,-7.7535,-9.5427,-6.163,-9.9404,-7.7535,-2.7833,-0.5964,0.0,-1.1029,-3.8603,-3.8603,-3.4926,0.0,0.0,-10.06,-3.7975,-9.6602,-11.0593,-4.3304,-9.5936,-11.7921,-9.3271,-11.7921,-9.1272,-5.7961,-8.6609,-9.5936,-6.6622,-5.7295,-2.0653,-0.7995,-4.5969,-3.3977,0.0,-3.0284,0.0,-6.3177,-11.793,-12.515,-15.2828,-13.3574,-15.8243,-15.8845,-18.4116,-19.7954,-20.9386,-25.6919,-25.6318,-25.1504,-26.2936,-25.3309,-24.7292,-25.9326,-26.1733,-24.6691,-22.4428,-20.0361,-20.5776,-22.6233,-22.0818],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,4.7516,1.0799,0.0,0.0,3.8647,1.9324,7.7295,7.2464,5.0725,13.285,12.0773,9.9034,14.0097,9.4203,12.0773,18.1159,20.7729,31.401,29.9517,26.3285,26.3285,26.8116,33.0435,45.0242,30.4348,39.5169,31.0145,28.9855,38.744,28.6256,25.4976,25.1494,21.7471,25.4253,24.8565,21.0596,19.8234,23.7086,24.9448,26.7241,21.7996,14.56,10.8987,23.7476,20.0,27.1128,18.6286,10.7251,9.8187,6.3444,8.7613,5.6647,5.5891,2.4169,0.6798,0.0,0.0,0.081,0.7287,0.0,1.3061,2.1224,0.4898,0.1633,2.2041,5.2245,8.4898,7.7551,4.9796,5.7143],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"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,4.4421,4.1756,4.1546,4.1569,4.1017,4.2608,4.4344,4.7161,4.5833,4.4474,4.4817,4.639,4.4354,4.8103,4.6989,4.4827,4.3332,4.2814,5.3938,5.3008,5.7736,5.9806,5.7498,6.2447,6.3532,6.1379,6.0583,5.6701,5.3315,5.4133,5.1522,4.8583,4.6988,4.4721,4.5074,4.7112,4.68,4.7774,4.7978,4.8032,5.2425,5.6818,5.3785,5.3908,5.0533,5.0902,5.011,5.1186,5.2583,5.2686,5.7026,5.5857,5.251,5.1498,4.8815,4.7649,4.6125,4.3203,4.0742,3.9794,3.8473,3.7862,3.9364,3.9773],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,13.7305,20.5738,22.2642,24.1191,23.7148,23.3869,23.4709,22.8038,22.1601,21.6248,21.1484,20.2999,19.5875,19.797,21.1401,26.1968,28.6958,30.2812,31.721,33.1222,35.1773,38.7065,37.7878,37.6056,36.5227,34.7401,33.1897,32.0921,30.3264,27.7263,25.8013,21.851,18.3666,16.0431,14.1834,14.3383,14.5296,15.0905,15.7213,15.0559,15.3664,19.6294,21.6344,26.2609,26.8505,26.0005,25.9915,25.4782,24.1994,23.7346,22.5413,22.6762,23.8059,24.8189,27.6058,30.4232,32.7546,35.1335,36.6499,38.0009,39.4078,37.7873,36.1203,29.5496,25.1766,23.0556,20.857,19.5195],"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","2025-06-27","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","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]}]},"canonical_url":"https://sharemaestro.com/terminal/c964b203-7d1a-4ab6-825b-06e5eca2a9ab/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/c964b203-7d1a-4ab6-825b-06e5eca2a9ab/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/c964b203-7d1a-4ab6-825b-06e5eca2a9ab/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/c964b203-7d1a-4ab6-825b-06e5eca2a9ab/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/c964b203-7d1a-4ab6-825b-06e5eca2a9ab/technical-pack/data.json"},"source_fingerprint":"f3e304f36e8a4f0e3d653f1778023efbed8076297eeef78c151d6a28811475c4","content_hash":"d28e3aab12ebf1b41ad3d08033dcb876f5477eb80a9cea4794b41a2bc668a636","citation":"Sharemaestro, SUZB3 Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/c964b203-7d1a-4ab6-825b-06e5eca2a9ab/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."}