{"schema_version":"1.0","name":"BLOX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d0c0c2d3-18c3-451f-b183-3a18156ad56a","symbol":"BLOX","name":"NICHOLAS CRYPTO INCOME ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Drawdown and recovery pressure, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control."},{"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":62,"displayedObservations":62,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.751759,-0.971512,-0.85047,-0.696806,-0.616028,-0.652801,-0.897061,-1.172309,-1.388834,-1.59569,-1.69178,-1.733111,-1.825759,-1.804821,-1.650021,-1.203869,-0.690998,-0.130707,0.4142,0.668123,0.86659,0.982188,0.924432,0.893205,0.806091,0.753099,0.615785,0.335188,0.016502,-0.363264,-0.567,-0.73792,-0.806167,-0.697268],"opens":[15.146955,16.100494,16.205645,16.669114,16.314558,15.06853,12.443896,13.331719,13.155005,13.068649,12.699713,13.865723,13.039607,11.971341,11.976713,13.322459,14.59696,15.14556,15.087159,16.426517,16.160646,16.372284,16.848111,15.550242,16.673464,16.855021,15.561483,14.0621,13.68392,12.975529,13.798724,12.992057,12.83922,13.016845],"highs":[15.810855,16.82459,17.688176,17.066409,16.940703,15.227188,14.279591,13.933566,14.415827,14.357488,13.847443,14.16735,13.628967,12.314612,13.820758,15.380156,15.520937,15.285798,17.092474,17.330309,16.550487,17.32788,17.633972,16.359119,16.855435,17.247889,15.590229,14.741241,13.981188,14.531047,13.818186,13.668115,13.441213,14.39],"lows":[14.766166,15.930118,16.118826,15.865887,15.375157,12.046064,12.443896,13.020646,13.011821,12.572625,12.486387,12.652839,11.665098,11.071171,11.96737,13.256645,14.447631,14.03689,15.087159,16.093226,14.961785,16.372284,14.680794,14.744928,16.175177,14.602621,13.606715,13.419863,12.144632,12.965868,12.02766,12.642142,12.543159,12.281542],"closes":[15.802336,16.274277,17.662351,16.618934,15.708067,13.626507,13.598354,13.54876,13.447189,12.717868,13.271608,13.030398,11.702218,11.8971,13.660926,15.238373,15.117374,15.011486,16.588402,16.160646,16.36263,17.250073,15.116914,16.011668,16.692629,15.432645,13.798359,14.060854,12.531096,13.565177,13.099835,12.878695,12.91748,13.65],"hoverRows":[[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.8","className":"is-ohlc","compact":true},{"label":"Low","value":"14.8","className":"is-ohlc","compact":true},{"label":"Close","value":"15.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.75","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.1","className":"is-ohlc","compact":true},{"label":"High","value":"16.8","className":"is-ohlc","compact":true},{"label":"Low","value":"15.9","className":"is-ohlc","compact":true},{"label":"Close","value":"16.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.97","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.2","className":"is-ohlc","compact":true},{"label":"High","value":"17.7","className":"is-ohlc","compact":true},{"label":"Low","value":"16.1","className":"is-ohlc","compact":true},{"label":"Close","value":"17.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.85","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.7","className":"is-ohlc","compact":true},{"label":"High","value":"17.1","className":"is-ohlc","compact":true},{"label":"Low","value":"15.9","className":"is-ohlc","compact":true},{"label":"Close","value":"16.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.70","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.3","className":"is-ohlc","compact":true},{"label":"High","value":"16.9","className":"is-ohlc","compact":true},{"label":"Low","value":"15.4","className":"is-ohlc","compact":true},{"label":"Close","value":"15.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.62","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"12.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.65","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.4","className":"is-ohlc","compact":true},{"label":"High","value":"14.3","className":"is-ohlc","compact":true},{"label":"Low","value":"12.4","className":"is-ohlc","compact":true},{"label":"Close","value":"13.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.90","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.3","className":"is-ohlc","compact":true},{"label":"High","value":"13.9","className":"is-ohlc","compact":true},{"label":"Low","value":"13.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.17","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.2","className":"is-ohlc","compact":true},{"label":"High","value":"14.4","className":"is-ohlc","compact":true},{"label":"Low","value":"13.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.39","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.1","className":"is-ohlc","compact":true},{"label":"High","value":"14.4","className":"is-ohlc","compact":true},{"label":"Low","value":"12.6","className":"is-ohlc","compact":true},{"label":"Close","value":"12.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.60","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.7","className":"is-ohlc","compact":true},{"label":"High","value":"13.8","className":"is-ohlc","compact":true},{"label":"Low","value":"12.5","className":"is-ohlc","compact":true},{"label":"Close","value":"13.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.69","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.9","className":"is-ohlc","compact":true},{"label":"High","value":"14.2","className":"is-ohlc","compact":true},{"label":"Low","value":"12.7","className":"is-ohlc","compact":true},{"label":"Close","value":"13.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.73","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.0","className":"is-ohlc","compact":true},{"label":"High","value":"13.6","className":"is-ohlc","compact":true},{"label":"Low","value":"11.7","className":"is-ohlc","compact":true},{"label":"Close","value":"11.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.83","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.0","className":"is-ohlc","compact":true},{"label":"High","value":"12.3","className":"is-ohlc","compact":true},{"label":"Low","value":"11.1","className":"is-ohlc","compact":true},{"label":"Close","value":"11.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.80","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.0","className":"is-ohlc","compact":true},{"label":"High","value":"13.8","className":"is-ohlc","compact":true},{"label":"Low","value":"12.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.65","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.3","className":"is-ohlc","compact":true},{"label":"High","value":"15.4","className":"is-ohlc","compact":true},{"label":"Low","value":"13.3","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.20","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.6","className":"is-ohlc","compact":true},{"label":"High","value":"15.5","className":"is-ohlc","compact":true},{"label":"Low","value":"14.4","className":"is-ohlc","compact":true},{"label":"Close","value":"15.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.69","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"14.0","className":"is-ohlc","compact":true},{"label":"Close","value":"15.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.13","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"17.1","className":"is-ohlc","compact":true},{"label":"Low","value":"15.1","className":"is-ohlc","compact":true},{"label":"Close","value":"16.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.41","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"16.4","className":"is-ohlc","compact":true},{"label":"High","value":"17.3","className":"is-ohlc","compact":true},{"label":"Low","value":"16.1","className":"is-ohlc","compact":true},{"label":"Close","value":"16.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.67","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.2","className":"is-ohlc","compact":true},{"label":"High","value":"16.6","className":"is-ohlc","compact":true},{"label":"Low","value":"15.0","className":"is-ohlc","compact":true},{"label":"Close","value":"16.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.87","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.4","className":"is-ohlc","compact":true},{"label":"High","value":"17.3","className":"is-ohlc","compact":true},{"label":"Low","value":"16.4","className":"is-ohlc","compact":true},{"label":"Close","value":"17.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.98","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.8","className":"is-ohlc","compact":true},{"label":"High","value":"17.6","className":"is-ohlc","compact":true},{"label":"Low","value":"14.7","className":"is-ohlc","compact":true},{"label":"Close","value":"15.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.92","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.6","className":"is-ohlc","compact":true},{"label":"High","value":"16.4","className":"is-ohlc","compact":true},{"label":"Low","value":"14.7","className":"is-ohlc","compact":true},{"label":"Close","value":"16.0","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":"16.7","className":"is-ohlc","compact":true},{"label":"High","value":"16.9","className":"is-ohlc","compact":true},{"label":"Low","value":"16.2","className":"is-ohlc","compact":true},{"label":"Close","value":"16.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.81","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.9","className":"is-ohlc","compact":true},{"label":"High","value":"17.2","className":"is-ohlc","compact":true},{"label":"Low","value":"14.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.75","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.6","className":"is-ohlc","compact":true},{"label":"High","value":"15.6","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"13.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.62","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.1","className":"is-ohlc","compact":true},{"label":"High","value":"14.7","className":"is-ohlc","compact":true},{"label":"Low","value":"13.4","className":"is-ohlc","compact":true},{"label":"Close","value":"14.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.7","className":"is-ohlc","compact":true},{"label":"High","value":"14.0","className":"is-ohlc","compact":true},{"label":"Low","value":"12.1","className":"is-ohlc","compact":true},{"label":"Close","value":"12.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.02","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.0","className":"is-ohlc","compact":true},{"label":"High","value":"14.5","className":"is-ohlc","compact":true},{"label":"Low","value":"13.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.6","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":"13.8","className":"is-ohlc","compact":true},{"label":"High","value":"13.8","className":"is-ohlc","compact":true},{"label":"Low","value":"12.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.57","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.0","className":"is-ohlc","compact":true},{"label":"High","value":"13.7","className":"is-ohlc","compact":true},{"label":"Low","value":"12.6","className":"is-ohlc","compact":true},{"label":"Close","value":"12.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.74","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.8","className":"is-ohlc","compact":true},{"label":"High","value":"13.4","className":"is-ohlc","compact":true},{"label":"Low","value":"12.5","className":"is-ohlc","compact":true},{"label":"Close","value":"12.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.81","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.0","className":"is-ohlc","compact":true},{"label":"High","value":"14.4","className":"is-ohlc","compact":true},{"label":"Low","value":"12.3","className":"is-ohlc","compact":true},{"label":"Close","value":"13.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.70","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[11.34461,18.019959],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.697268,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":34,"relationship":{"sameWeekCorrelation":0.31,"forwardCorrelation":-0.48,"directionalAgreement":62.1,"sample":29,"correlationSample":33,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.5,"medianWeeksInZone":1.5,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":16.1,"averageReturn":16.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":42.6,"averageReturn":42.6,"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":5.0,"sample":2},{"week":2,"averageReturn":10.6,"sample":2},{"week":3,"averageReturn":16.5,"sample":2},{"week":4,"averageReturn":16.1,"sample":2},{"week":5,"averageReturn":18.6,"sample":2},{"week":6,"averageReturn":41.8,"sample":1},{"week":7,"averageReturn":38.1,"sample":1},{"week":8,"averageReturn":39.8,"sample":1},{"week":9,"averageReturn":47.4,"sample":1},{"week":10,"averageReturn":29.2,"sample":1},{"week":11,"averageReturn":36.8,"sample":1},{"week":12,"averageReturn":42.6,"sample":1},{"week":13,"averageReturn":31.9,"sample":1},{"week":14,"averageReturn":17.9,"sample":1},{"week":15,"averageReturn":20.2,"sample":1},{"week":16,"averageReturn":7.1,"sample":1},{"week":17,"averageReturn":15.9,"sample":1},{"week":18,"averageReturn":11.9,"sample":1},{"week":19,"averageReturn":10.1,"sample":1},{"week":20,"averageReturn":10.4,"sample":1},{"week":21,"averageReturn":16.6,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1.0,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-16.8,"averageReturn":-16.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-21.8,"averageReturn":-21.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-29.1,"averageReturn":-29.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-9.1,"sample":2},{"week":2,"averageReturn":-9.1,"sample":2},{"week":3,"averageReturn":-13.0,"sample":2},{"week":4,"averageReturn":-16.8,"sample":2},{"week":5,"averageReturn":-21.7,"sample":2},{"week":6,"averageReturn":-21.2,"sample":2},{"week":7,"averageReturn":-27.7,"sample":2},{"week":8,"averageReturn":-23.1,"sample":2},{"week":9,"averageReturn":-25.1,"sample":2},{"week":10,"averageReturn":-29.5,"sample":2},{"week":11,"averageReturn":-28.9,"sample":2},{"week":12,"averageReturn":-21.8,"sample":2},{"week":13,"averageReturn":-13.7,"sample":1},{"week":14,"averageReturn":-14.4,"sample":1},{"week":15,"averageReturn":-15.0,"sample":1},{"week":16,"averageReturn":-6.1,"sample":1},{"week":17,"averageReturn":-8.5,"sample":1},{"week":18,"averageReturn":-7.4,"sample":1},{"week":19,"averageReturn":-2.3,"sample":1},{"week":20,"averageReturn":-14.4,"sample":1},{"week":21,"averageReturn":-9.3,"sample":1},{"week":22,"averageReturn":-5.5,"sample":1},{"week":23,"averageReturn":-12.6,"sample":1},{"week":24,"averageReturn":-21.9,"sample":1},{"week":25,"averageReturn":-20.4,"sample":1},{"week":26,"averageReturn":-29.1,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":4.0,"averageExpectedMove":4.0,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-16.9,"medianReturn":-16.9,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-21.0,"medianReturn":-21.0,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-5.1,"sample":2},{"week":2,"averageReturn":-9.3,"sample":2},{"week":3,"averageReturn":-5.9,"sample":2},{"week":4,"averageReturn":-16.9,"sample":2},{"week":5,"averageReturn":-11.1,"sample":2},{"week":6,"averageReturn":-10.4,"sample":2},{"week":7,"averageReturn":-14.9,"sample":2},{"week":8,"averageReturn":-19.7,"sample":2},{"week":9,"averageReturn":-16.7,"sample":2},{"week":10,"averageReturn":-24.5,"sample":1},{"week":11,"averageReturn":-18.2,"sample":1},{"week":12,"averageReturn":-21.0,"sample":1},{"week":13,"averageReturn":-22.4,"sample":1},{"week":14,"averageReturn":-22.1,"sample":1},{"week":15,"averageReturn":-17.7,"sample":1},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":25.5,"averageExpectedMove":25.5,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-6.9,"medianReturn":-6.9,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-3.8,"medianReturn":-3.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-16.6,"medianReturn":-16.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-8.3,"sample":2},{"week":2,"averageReturn":-9.2,"sample":2},{"week":3,"averageReturn":-9.3,"sample":2},{"week":4,"averageReturn":-6.9,"sample":2},{"week":5,"averageReturn":-19.0,"sample":1},{"week":6,"averageReturn":-15.5,"sample":1},{"week":7,"averageReturn":-17.0,"sample":1},{"week":8,"averageReturn":-25.5,"sample":1},{"week":9,"averageReturn":-24.3,"sample":1},{"week":10,"averageReturn":-13.0,"sample":1},{"week":11,"averageReturn":-3.0,"sample":1},{"week":12,"averageReturn":-3.8,"sample":1},{"week":13,"averageReturn":-4.4,"sample":1},{"week":14,"averageReturn":5.6,"sample":1},{"week":15,"averageReturn":2.9,"sample":1},{"week":16,"averageReturn":4.2,"sample":1},{"week":17,"averageReturn":9.8,"sample":1},{"week":18,"averageReturn":-3.8,"sample":1},{"week":19,"averageReturn":1.9,"sample":1},{"week":20,"averageReturn":6.3,"sample":1},{"week":21,"averageReturn":-1.8,"sample":1},{"week":22,"averageReturn":-12.2,"sample":1},{"week":23,"averageReturn":-10.5,"sample":1},{"week":24,"averageReturn":-20.2,"sample":1},{"week":25,"averageReturn":-13.6,"sample":1},{"week":26,"averageReturn":-16.6,"sample":1}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":1.0,"averageExpectedMove":1.0,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":21.4,"medianReturn":21.4,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.0,"medianReturn":1.0,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":8.6,"sample":2},{"week":2,"averageReturn":10.7,"sample":1},{"week":3,"averageReturn":9.9,"sample":1},{"week":4,"averageReturn":21.4,"sample":1},{"week":5,"averageReturn":18.3,"sample":1},{"week":6,"averageReturn":19.8,"sample":1},{"week":7,"averageReturn":26.3,"sample":1},{"week":8,"averageReturn":10.7,"sample":1},{"week":9,"averageReturn":17.2,"sample":1},{"week":10,"averageReturn":22.2,"sample":1},{"week":11,"averageReturn":13.0,"sample":1},{"week":12,"averageReturn":1.0,"sample":1},{"week":13,"averageReturn":2.9,"sample":1},{"week":14,"averageReturn":-8.3,"sample":1},{"week":15,"averageReturn":-0.7,"sample":1},{"week":16,"averageReturn":-4.1,"sample":1},{"week":17,"averageReturn":-5.7,"sample":1},{"week":18,"averageReturn":-5.4,"sample":1},{"week":19,"averageReturn":-0.1,"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":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-10.4,"medianReturn":-10.4,"confidenceLow":0.0,"confidenceHigh":65.8,"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":-2.3,"sample":2},{"week":2,"averageReturn":0.8,"sample":2},{"week":3,"averageReturn":-8.4,"sample":2},{"week":4,"averageReturn":-10.4,"sample":2},{"week":5,"averageReturn":-11.1,"sample":2},{"week":6,"averageReturn":-16.8,"sample":2},{"week":7,"averageReturn":-13.3,"sample":2},{"week":8,"averageReturn":-12.4,"sample":2},{"week":9,"averageReturn":-14.8,"sample":1},{"week":10,"averageReturn":-14.5,"sample":1},{"week":11,"averageReturn":-9.7,"sample":1},{"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}]}},"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":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":100.0,"averageReturn":-3.8,"sample":1},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 100.0% of comparable cases moved lower after 12 weeks, with an average move of -3.8% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 1.0% across 1 completed cases, with the largest move arriving after 12.0 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":"2026-05-08","price":16.588402}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[13.6336,14.5463,15.4314,15.8606,16.8826,16.8337,15.5096,16.3562,16.5904,16.67,16.0784,15.9117,17.6153,18.4861,17.4852,20.1081,20.2667,19.4693,20.5446,20.1673,18.2032,15.6292,13.9344,16.3791,16.2569,15.819,15.4183,15.3247,15.8023,16.2743,17.6624,16.6189,15.7081,13.6265,13.5984,13.5488,13.4472,12.7179,13.2716,13.0304,11.7022,11.8971,13.6609,15.2384,15.1174,15.0115,16.5884,16.1606,16.3626,17.2501,15.1169,16.0117,16.6926,15.4326,13.7984,14.0609,12.5311,13.5652,13.0998,12.8787,12.9175,13.65],"consensus":[-39.2811,12.2021,83.7224,33.1122,75.7897,34.6495,-13.2529,58.8977,20.7213,29.1809,0.0,0.0,74.9015,74.5974,0.0,81.882,30.7683,0.0,67.0704,0.0,-43.2649,-64.291,-69.6317,10.6382,-16.7331,-30.128,-14.499,-31.7351,0.0,0.0,49.7886,0.0,-31.4192,-59.0553,-25.0991,-29.1092,-32.4188,-45.5507,-9.3766,-31.4809,-59.2998,-20.6792,28.9747,52.2133,26.6061,23.5517,59.4676,0.0,34.6641,56.8819,-40.4279,27.4797,32.1798,-32.5016,-55.3161,-18.3484,-61.0878,-8.4989,-28.2754,-31.6944,-13.9608,-11.2695],"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":[0.0,0.0,70.314,68.5223,0.0,76.0708,15.7581,0.0,62.3283,0.0,-35.9428,-55.3219,-66.1744,25.9788,-5.5805,-37.0371,-20.2092,-33.9448,0.0,0.0,51.2861,0.0,-33.5413,-50.6187,-14.7566,-21.7305,-28.4531,-48.9991,-6.1357,-34.6244,-62.6709,-17.0542,34.4107,51.7633,22.8719,18.27,56.9877,0.0,33.6436,59.9225,-35.7788,29.5717,37.0848,-26.7865,-54.3329,-13.6612,-58.673,-2.2973,-25.5867,-32.4063,-19.587,-12.2634],"force":[0.0,0.0,94.8195,83.8887,0.0,94.965,8.959,0.0,83.8069,0.0,-87.7418,-93.4673,-84.822,58.2587,-5.9032,-28.3391,-4.8095,-18.3772,0.0,0.0,68.4706,0.0,-45.7195,-78.9697,-0.1203,-7.3037,-13.8073,-39.0904,-17.4472,-22.5065,-62.8578,-4.6159,59.4852,70.1865,13.1674,11.9115,70.8293,0.0,24.4512,54.2731,-87.0931,41.5684,27.7699,-66.1763,-82.5626,-0.479,-75.0724,-22.14,-25.7673,-20.9237,-2.5497,-36.2644],"direction":[0.0,0.0,65.9171,74.9038,0.0,79.1784,63.5009,0.0,60.5354,0.0,-19.8637,-53.7012,-62.7326,40.9086,-37.2144,-23.5097,-14.8941,-38.7512,0.0,0.0,34.7329,0.0,-18.7794,-54.4724,-54.7612,-53.1173,-50.2449,-46.2241,-32.2403,-34.2986,-52.9055,-42.8898,0.9688,39.8895,40.4728,37.9022,54.1864,0.0,43.1253,55.2704,-12.409,15.0255,29.7242,-14.9798,-36.9779,-36.4691,-53.8585,-37.4714,-33.1396,-38.5742,-19.3239,-7.72],"intensity":[10.0,9.0909,100.0,76.9231,50.0,100.0,93.75,47.0588,55.5556,52.6316,95.0,95.2381,100.0,86.9565,25.0,8.0,61.5385,22.2222,3.5714,58.6207,63.3333,41.9355,28.125,100.0,29.4118,11.4286,5.5556,21.6216,13.1579,2.5641,67.5,63.4146,83.3333,74.4186,59.0909,4.4444,84.7826,42.5532,56.25,71.4286,86.0,58.8235,71.1538,75.0,78.8462,26.9231,71.1538,40.3846,28.8462,19.2308,1.9231,34.6154],"confirmation":[30.8482,25.4307,92.6454,92.2469,36.5458,94.6895,77.4099,12.1132,90.0449,8.8215,83.3118,89.599,90.7978,36.0156,27.8611,77.4812,49.5907,77.7145,29.6535,24.9095,84.4789,27.4808,78.4576,87.6332,52.7614,54.0962,77.8672,82.3268,5.9545,77.7525,87.033,52.2197,55.4522,85.2629,76.1613,75.2623,87.4137,6.9477,78.7968,86.0764,82.43,77.191,78.0884,79.5139,86.5465,50.7317,88.0111,6.6036,77.0127,77.8031,49.7558,59.3331],"persistence":[62.5,50.0,50.0,50.0,62.5,62.5,62.5,50.0,62.5,62.5,37.5,12.5,0.0,0.0,25.0,37.5,62.5,75.0,62.5,50.0,25.0,37.5,37.5,37.5,37.5,37.5,50.0,62.5,87.5,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,37.5,62.5,87.5,62.5,62.5,62.5,37.5,12.5,0.0,25.0,50.0,50.0,75.0,100.0,75.0],"assessmentRisk":[33.5982,25.5588,5.7721,11.8423,46.8986,9.0283,34.0125,36.0699,16.1167,0.0482,25.5845,17.4925,15.1744,54.4747,33.6835,21.2907,45.2595,14.8559,19.5078,15.249,21.7631,40.8065,12.1309,18.6609,37.3591,35.119,33.4364,17.5853,13.8557,11.7896,18.4083,26.3903,3.7512,22.471,36.5799,38.0442,20.1339,34.7737,26.8249,20.8435,23.5131,20.4648,1.5148,30.2922,12.2409,37.8985,19.4079,42.1177,13.1078,25.018,24.8767,1.638],"volumeParticipation":true,"latest":{"consensus":-11.3,"control":-12.3,"force":-36.3,"direction":-7.7,"confirmation":59.3,"persistence":75.0,"assessmentRisk":1.6,"intensity":34.6,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-11.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-12.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-36.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-7.7","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"59/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"46.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"12.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"20.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"39%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[13.6336,14.5463,15.4314,15.8606,16.8826,16.8337,15.5096,16.3562,16.5904,16.67,16.0784,15.9117,17.6153,18.4861,17.4852,20.1081,20.2667,19.4693,20.5446,20.1673,18.2032,15.6292,13.9344,16.3791,16.2569,15.819,15.4183,15.3247,15.8023,16.2743,17.6624,16.6189,15.7081,13.6265,13.5984,13.5488,13.4472,12.7179,13.2716,13.0304,11.7022,11.8971,13.6609,15.2384,15.1174,15.0115,16.5884,16.1606,16.3626,17.2501,15.1169,16.0117,16.6926,15.4326,13.7984,14.0609,12.5311,13.5652,13.0998,12.8787,12.9175,13.65],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,14.8653,15.2232,15.2753,15.4718,15.6752,15.8561,15.8965,15.8993,16.2113,16.6249,16.7813,17.3862,17.9099,18.1934,18.6209,18.9021,18.775,18.203,17.4269,17.2364,17.0583,16.833,16.5758,16.3483,16.249,16.2536,16.5098,16.5296,16.3802,15.8796,15.4648,15.1164,14.8129,14.432,14.221,14.0045,13.5859,13.2789,13.3483,13.692,13.9511,14.1439,14.5884,14.8742,15.1449,15.5276,15.453,15.5545,15.7615,15.7017,15.3556,15.1202,14.6495,14.4523,14.2064,13.965,13.7745,13.7519],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,15.246,15.486,15.6341,15.9655,16.2841,16.52,16.8181,17.0662,17.1505,17.0378,16.8079,16.7761,16.7377,16.6696,16.5769,16.4842,16.4337,16.4219,16.5137,16.5215,16.4613,16.2513,16.0548,15.8692,15.6897,15.4696,15.3068,15.1382,14.8837,14.6624,14.5882,14.6364,14.672,14.6972,14.8373,14.9353,15.041,15.2047,15.1982,15.2584,15.3647,15.3697,15.2533,15.165,14.9699,14.8658,14.735,14.5975,14.4731,14.4121],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,17.8721,17.8047,17.7268,18.0181,18.507,18.6086,19.4403,20.0799,20.3723,20.8462,21.1456,21.0285,20.9349,21.0951,21.0833,21.082,21.0903,21.0951,21.1259,21.1318,21.1283,21.1723,21.1673,21.1381,21.1628,21.2235,20.8498,20.3438,19.9768,19.1458,18.2405,17.9147,17.9433,17.9426,17.7995,17.6589,17.5694,17.7408,17.8453,17.9248,18.0976,17.6901,17.589,17.7446,17.8329,17.8317,17.8315,17.8769,17.8431,17.8498,17.8578,17.7393,17.5968],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,13.7908,13.9031,13.9907,13.9696,13.8367,13.9102,13.5597,13.3631,13.3761,13.2885,13.2991,13.8732,14.0751,13.7652,13.8288,13.7676,13.6578,13.6439,13.5099,13.4252,13.3891,13.5035,13.5793,13.4177,12.9071,12.4577,12.1754,11.9995,11.6914,11.7951,11.9867,11.6623,11.2606,11.2339,11.2629,11.2896,11.2983,11.2439,11.223,11.1995,11.1243,11.2773,11.3177,11.2605,11.3529,11.374,11.4254,11.2885,11.4069,11.3831,11.3599,11.5999,11.9177],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,-9.051,-5.9922,-10.7736,-21.5052,-20.6311,-27.5425,-20.5516,-23.6204,-26.8875,-26.3721,-20.5572],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"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":[0.0,0.0,0.0,0.0,0.0,-0.2895,-8.1326,-3.1182,-1.7309,-1.2593,-4.7638,-5.7509,0.0,0.0,-5.4142,0.0,0.0,-3.9347,0.0,-1.8366,-11.3969,-23.9256,-32.1749,-20.2756,-20.8706,-23.0017,-24.952,-25.408,-23.083,-20.7858,-14.0294,-19.1082,-23.5418,-33.6737,-33.8107,-34.0521,-34.5465,-38.0964,-35.4011,-36.5752,-43.0401,-42.0915,-33.5062,-25.828,-26.417,-26.9324,-19.2568,-21.3389,-20.3558,-16.0362,-26.4192,-22.064,-18.7495,-24.8824,-32.8372,-31.5595,-39.0055,-33.9722,-36.2372,-37.3136,-37.1248,-33.5593],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,19.9694,21.6874,22.2714,17.9317,16.7094,29.2052,35.5918,28.2506,47.4893,48.6524,42.8033,50.6911,47.9234,33.5169,14.6373,2.2064,20.1375,19.241,16.0296,10.6493,9.9769,13.405,16.7918,26.7533,19.2653,12.7285,0.0,0.0,0.0,0.0,0.0,4.354,2.4574,0.0,1.6653,16.7379,30.2178,29.1838,28.279,41.7543,38.099,39.825,47.4086,29.1799,36.8259,42.645,31.8779,17.9123,20.1555,7.0831,15.9197,11.9432,10.0535,10.3849,16.6446],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,5.6257,6.2836,6.1683,6.3447,6.8143,6.724,7.0069,8.6784,11.278,13.033,11.4696,11.3705,11.54,11.6903,11.2978,10.6459,10.0475,9.2313,9.8822,10.4203,13.0737,13.1292,12.7174,12.6439,13.4165,12.6709,12.8139,14.4478,13.9426,12.2809,11.2186,11.0078,10.8879,10.0451,10.1213,9.9759,9.1864,11.1294,10.477,9.6928,10.9597,12.409,11.9787,13.5733,12.696,13.1843,13.0218,12.5519,12.1332],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,25.7795,24.6103,23.5588,25.3131,28.8789,28.8961,35.6402,40.1687,41.4613,44.2818,45.5597,41.0024,39.1876,42.0526,41.559,41.977,42.7795,42.8985,43.9771,44.6021,44.8424,44.2316,43.6761,44.6832,48.4636,52.0514,52.5319,51.5985,52.3264,47.5148,41.3788,42.279,45.766,45.9875,44.9837,44.0048,43.4472,44.8301,45.5636,46.1836,47.7265,44.2758,43.3901,44.7095,44.4052,44.2224,43.7919,45.1798,44.0082,44.2432,44.4786,41.8512,38.4831],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,125.4024,133.3805,133.3076,129.5247,288.8873,254.8671,204.5446,264.7498,251.8995,378.1477,267.0208,275.9831,229.2264,260.9888,213.2956,190.6356,79.8664,185.3843,100.2108,107.5336,58.4223,68.6976,82.6155,84.5245,103.5299,126.2944,217.7505,84.881,37.5148,63.7934,83.3605,51.0926,71.1253,78.891,79.9123,64.7992,84.1002,87.8354,82.1969,103.9926,106.6361,94.7446,86.9665,167.1025,109.2926,69.3468,133.4578,146.4822,88.2927,126.7106,83.3614,127.6635,90.9986,96.6366,121.1115],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,93.3703,113.0498,133.4744,113.0256,65.0,111.4394,135.0,94.958,135.0,135.0,116.5425,135.0,117.4997,94.6086,73.7866,65.0,71.6829,65.0,65.0,65.0,65.0,68.4423,72.7084,77.2125,71.5718,65.0,65.0,65.0,65.0,65.0,65.0,66.5369,65.0,65.0,67.0169,68.5804,70.6266,68.5816,66.685,69.0752,66.5664,68.8211,70.8883,66.7584,69.4534,71.0976,68.185,65.0,66.9883,65.0,66.8506,65.0,65.0,67.0551,69.6808],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,29.301,28.6726,28.3101,27.1706,25.4944,24.101,23.1242,23.8581,24.5395,25.1722,25.3373,25.7064,26.0925,26.1352,26.7029,27.5186,26.8614,25.0863,23.3416,22.0046,21.2903,20.7655,19.4526,18.7203,17.8226,16.9891,15.8688,15.7789,16.2089,16.7017,17.7605,18.2892,19.2166,20.0777,20.9258,20.8403],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,30.1663,26.514,31.2745,35.4744,31.9269,28.472,29.8962,24.8325,20.6658,18.6253,19.5218,18.8046,19.7853,18.6072,18.5197,17.6983,21.3362,23.6526,21.8046,20.3149,17.3321,16.0592,15.4515,16.5661,15.3283,14.4422,14.875,13.6408,12.9104,18.2656,23.1605,22.6978,21.4589,27.2892,26.8536,24.9867,27.4037,23.9678,22.3205,23.6801,21.0347,19.2942,18.213,16.7474,17.6387,16.3326,15.6189,15.0009,17.7288],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,13.4626,14.4493,11.8853,10.6454,14.9444,16.3465,14.8385,22.9429,27.8472,31.5245,28.2983,26.7054,25.1098,29.0396,28.0726,28.631,27.3525,25.472,24.5819,25.044,34.7148,32.1653,30.948,29.1226,28.7851,27.4873,25.7064,27.7466,28.8184,26.4582,24.1107,22.9999,23.5396,21.4398,20.2815,23.8226,22.7861,27.1106,25.2473,24.3068,28.2325,30.051,29.1594,32.1683,29.5,31.1957,29.8325,29.0883,26.4432],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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/d0c0c2d3-18c3-451f-b183-3a18156ad56a/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d0c0c2d3-18c3-451f-b183-3a18156ad56a/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d0c0c2d3-18c3-451f-b183-3a18156ad56a/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d0c0c2d3-18c3-451f-b183-3a18156ad56a/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d0c0c2d3-18c3-451f-b183-3a18156ad56a/technical-pack/data.json"},"source_fingerprint":"407af013573bcca5d24af9c271e9f38f4275ec1eeec709706038716fa5746e4d","content_hash":"ecad65394465c02c0666fee7ef0dcc38ca85531515a412f05786f6e47c8c5379","citation":"Sharemaestro, BLOX Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d0c0c2d3-18c3-451f-b183-3a18156ad56a/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."}