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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.9,"sample":25},{"week":2,"averageReturn":0.7,"sample":25},{"week":3,"averageReturn":0.7,"sample":25},{"week":4,"averageReturn":1.1,"sample":25},{"week":5,"averageReturn":2.6,"sample":25},{"week":6,"averageReturn":2.7,"sample":25},{"week":7,"averageReturn":3.0,"sample":25},{"week":8,"averageReturn":4.2,"sample":25},{"week":9,"averageReturn":4.4,"sample":25},{"week":10,"averageReturn":3.9,"sample":25},{"week":11,"averageReturn":3.8,"sample":25},{"week":12,"averageReturn":4.0,"sample":25},{"week":13,"averageReturn":3.4,"sample":25},{"week":14,"averageReturn":4.2,"sample":25},{"week":15,"averageReturn":3.8,"sample":25},{"week":16,"averageReturn":4.2,"sample":25},{"week":17,"averageReturn":4.3,"sample":25},{"week":18,"averageReturn":5.9,"sample":25},{"week":19,"averageReturn":5.5,"sample":25},{"week":20,"averageReturn":6.7,"sample":25},{"week":21,"averageReturn":6.9,"sample":25},{"week":22,"averageReturn":9.0,"sample":24},{"week":23,"averageReturn":8.6,"sample":24},{"week":24,"averageReturn":9.9,"sample":23},{"week":25,"averageReturn":11.3,"sample":23},{"week":26,"averageReturn":11.6,"sample":23}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":9.8,"averageExpectedMove":9.8,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-5.6,"medianReturn":-0.2,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-5.7,"medianReturn":-5.7,"confidenceLow":34.2,"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":-2.4,"sample":3},{"week":2,"averageReturn":-1.9,"sample":3},{"week":3,"averageReturn":-1.1,"sample":3},{"week":4,"averageReturn":-5.6,"sample":3},{"week":5,"averageReturn":-2.9,"sample":3},{"week":6,"averageReturn":-1.9,"sample":3},{"week":7,"averageReturn":4.8,"sample":2},{"week":8,"averageReturn":4.5,"sample":2},{"week":9,"averageReturn":3.0,"sample":2},{"week":10,"averageReturn":-5.1,"sample":2},{"week":11,"averageReturn":-1.2,"sample":2},{"week":12,"averageReturn":-5.7,"sample":2},{"week":13,"averageReturn":-3.4,"sample":2},{"week":14,"averageReturn":-4.3,"sample":2},{"week":15,"averageReturn":-5.0,"sample":2},{"week":16,"averageReturn":-14.7,"sample":2},{"week":17,"averageReturn":-11.5,"sample":2},{"week":18,"averageReturn":-21.5,"sample":2},{"week":19,"averageReturn":-16.6,"sample":1},{"week":20,"averageReturn":-20.8,"sample":1},{"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":"Downside evidence leads price","tone":"negative","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"The downside remains supported. Further price weakness would confirm that price is catching up with the weaker underlying position.","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":28.6,"averageReturn":4.2,"sample":14},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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, 28.6% of comparable cases moved lower after 12 weeks, with an average move of 4.2% across 14 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, 50.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 33.0 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 2.7% across 14 completed cases, with the largest move arriving after 3.6 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":"2024-12-13","price":105.44516}],"distribution_rollovers":[{"date":"2026-04-03","price":201.253052},{"date":"2026-06-19","price":191.399994},{"date":"2026-07-10","price":205.0}],"price_pressure_gaps":[{"date":"2026-03-27","price":213.0},{"date":"2026-04-10","price":211.597839},{"date":"2026-07-03","price":209.0}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[101.2645,101.2645,98.9419,98.4774,99.871,99.4065,101.2645,98.9419,98.9419,99.4065,100.8,103.5871,103.1226,101.729,102.6581,102.6581,105.4452,104.9806,108.2323,110.0903,116.5936,118.4516,118.4516,117.5226,118.4516,123.0968,125.8839,129.1355,128.2065,129.6,129.1355,126.3484,126.3484,124.4903,125.8839,124.9548,132.8516,132.8516,132.3871,139.8194,142.0,140.5,139.5,146.0,139.5,142.5,140.0,141.0,146.0,154.0,153.5,155.5,162.5,153.5,153.0,151.0,152.0,155.5,161.0,158.5,166.0,170.0,175.0,173.0,170.5,171.0,176.5,172.0,173.0,185.0,177.0,183.0,194.0,204.0,209.0,218.0,220.0,216.0,224.0,222.0,216.0,223.0,214.0,213.0,201.2531,211.5978,212.0681,212.5383,216.3,221.0022,221.9426,232.2874,222.8831,211.5,214.5,191.4,205.0,209.0,205.0,197.4,198.2,164.8,177.6,168.6],"consensus":[40.1771,14.7695,-30.7477,-25.36,14.4467,-8.155,31.1485,-27.7039,0.0,0.0,27.4876,52.3976,16.265,0.0,21.6502,19.5043,58.2961,18.5243,72.1875,54.1969,75.8117,71.4407,53.6559,33.7754,55.555,76.8756,62.3981,67.6686,41.2007,64.9162,39.0817,-11.617,10.2643,-9.7352,16.1273,-12.0458,71.0097,21.5357,19.7923,79.0548,50.4026,28.6761,16.2046,67.1524,-17.916,42.8835,0.0,10.0153,55.3237,76.5791,37.2816,47.3521,70.0523,-19.0312,14.5906,0.0,0.0,37.1794,59.0205,0.0,66.2395,56.5239,50.8376,29.4634,14.9393,27.0908,46.7157,-9.2529,22.8656,71.7665,-12.0803,51.6875,74.5796,76.8187,61.247,72.3146,57.6385,18.6811,68.7806,35.6268,0.0,51.6221,-21.5886,0.0,-31.3343,25.5159,0.0,0.0,34.1651,34.1453,13.9645,63.6785,-15.4782,-45.6428,-14.0314,-53.2535,0.0,0.0,-38.1338,-44.999,-22.1558,-80.8944,0.0,-72.2983],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[65.5999,-20.6637,18.227,0.0,0.0,44.0637,66.4292,0.0,64.2492,53.1409,45.8353,25.2999,9.7178,33.356,50.6717,-13.8523,22.7087,73.6762,-21.8241,53.7319,80.3235,81.1619,58.3266,76.4741,62.1672,6.0993,70.097,42.738,0.0,46.68,-20.8782,0.0,-23.3065,42.3929,0.0,0.0,36.1206,33.0519,4.7179,67.8569,-21.782,-48.9557,-10.6073,-49.2734,0.0,0.0,-42.8963,-55.1102,-17.8578,-77.6655,0.0,-71.1924],"force":[83.6997,-80.2027,0.7434,0.0,0.0,37.5021,59.3526,0.0,85.651,59.7347,44.7489,2.9848,14.6942,10.2676,50.9674,-43.2236,15.6997,89.6861,-47.3146,51.1401,84.6168,85.44,57.6701,69.0872,33.2043,23.4374,72.1968,2.8637,0.0,66.9691,-55.8217,0.0,-31.7632,49.9883,0.0,0.0,37.4853,36.5916,0.4582,75.0995,-62.6789,-59.2268,-8.5392,-45.4817,0.0,0.0,-33.2431,-56.6303,-1.268,-99.5747,0.0,-81.8548],"direction":[65.3925,-26.5284,20.3256,0.0,0.0,29.0811,50.3161,0.0,54.6486,58.0969,60.9036,57.3989,42.0736,31.9472,39.1576,-20.2683,28.1635,56.7842,-24.2228,49.742,60.8456,65.6969,67.1395,69.8663,69.9157,63.1448,64.836,50.902,0.0,46.3079,-2.0517,0.0,-40.2025,11.2523,0.0,0.0,29.5588,33.6474,34.1795,50.7454,-25.4408,-32.1537,-21.8675,-63.3533,0.0,0.0,-36.1843,-25.1353,-41.9876,-71.2416,0.0,-66.7362],"intensity":[98.0769,98.0769,96.1538,55.7692,19.2308,55.7692,73.0769,96.1538,82.6923,98.0769,84.6154,61.5385,30.7692,30.7692,98.0769,51.9231,71.1538,100.0,80.7692,57.6923,98.0769,98.0769,98.0769,90.3846,75.0,36.5385,92.3077,98.0769,48.0769,100.0,98.0769,38.4615,96.1538,84.6154,73.0769,15.3846,23.0769,80.7692,53.8462,84.6154,76.9231,96.1538,15.3846,100.0,90.3846,40.3846,23.0769,51.9231,11.5385,100.0,96.1538,84.6154],"confirmation":[90.9005,36.2554,49.5249,25.7032,25.2955,79.8023,86.7838,8.209,89.8185,86.2371,84.1587,54.4729,29.7585,76.0609,83.0183,30.9167,75.101,91.4823,32.6252,84.4922,92.0838,92.7785,87.5345,90.9789,85.6306,9.886,90.0938,55.6271,8.4636,85.0621,53.7335,24.9945,78.1624,33.7209,0.7435,24.0191,79.0042,79.0177,26.8646,88.6615,34.3895,82.9692,72.3748,84.8649,32.4277,28.5882,79.9812,82.6001,51.8521,94.5047,38.5202,99.4436],"persistence":[87.5,62.5,75.0,62.5,50.0,50.0,50.0,37.5,37.5,62.5,62.5,75.0,87.5,87.5,87.5,75.0,75.0,75.0,50.0,50.0,50.0,50.0,50.0,75.0,75.0,75.0,100.0,100.0,87.5,87.5,62.5,50.0,25.0,25.0,12.5,0.0,12.5,12.5,37.5,50.0,50.0,25.0,12.5,0.0,12.5,25.0,50.0,75.0,75.0,75.0,62.5,62.5],"assessmentRisk":[14.9459,4.4707,12.3708,32.1296,51.0967,3.2438,17.9182,44.5895,16.6269,21.5447,24.4094,35.1159,30.1802,2.0491,2.6891,8.3516,18.3943,13.9069,10.724,22.5438,12.6444,11.4264,19.3744,13.8416,21.1643,38.743,14.859,10.1528,24.8232,13.7472,34.0136,43.5068,32.5961,58.6411,13.0476,5.7778,32.0883,27.8988,38.8615,17.9239,44.3755,19.7587,31.4638,23.3588,46.9799,15.5248,19.5082,50.5501,19.7219,9.461,49.3667,12.5704],"volumeParticipation":true,"latest":{"consensus":-72.3,"control":-71.2,"force":-81.9,"direction":-66.7,"confirmation":99.4,"persistence":62.5,"assessmentRisk":12.6,"intensity":84.6,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-72.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-71.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-81.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-66.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"99/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"37.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"7.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"24.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"16%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend 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