{"schema_version":"1.0","name":"ADR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"d406466d-a21f-47aa-9ca4-24d6d9581206","symbol":"ADR","name":"Adcorp Holdings Limited","exchange":"JNB","country":"ZA","asset_type":"equity","currency":"ZAC","sector":"Industrials","industry":"Staffing & Employment Services"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Strength versus the research benchmark, Activity pressure and cumulative balance, 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":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure retains strong Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","take":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":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"],"values":[1.020974,0.982284,1.023457,0.999539,0.886241,1.029456,1.028548,1.120692,1.047607,0.905664,0.706213,0.420094,0.309966,0.054574,-0.037444,-0.064484,-0.26375,-0.333542,-0.532898,-0.70132,-0.790034,-0.946907,-1.131371,-1.272532,-1.222847,-1.334945,-1.180519,-1.123644,-1.20023,-0.986511,-0.94205,-0.997168,-0.981157,-1.120025,-1.180977,-1.101583,-0.905459,-0.857232,-1.006171,-0.377084,0.107906,0.702493,1.376686,1.297688,1.150816,1.178229,1.171771,1.109147,1.045637,0.800619,0.74245,0.537751,0.256028,0.143965,-0.258536,-0.447795,-0.515437,-0.609855,-0.507172,-0.534592,-0.555537,-0.380398,-0.128841,0.117294,0.35453,0.30242,-0.130985,-0.427983,-0.713976,-0.957743,-0.945341,-0.843989,-0.777824,-0.709295,-0.728441,-0.843989,-0.900522,-0.891561,-0.800663,-0.549412,-0.453934,-0.598641,-0.763655,-1.137402,-1.344915,-1.419577,-1.420636,-0.910976,-0.532302,-0.180148,0.250763,0.272036,0.496704,0.080754,-0.431958,-0.989047,-1.650211,-1.614958,-1.211041,-0.701,-0.184368,0.399861,0.600325,0.634674],"opens":[444.369702,484.313019,454.355546,476.324371,443.371112,487.308765,529.24929,549.221003,549.220949,546.225239,509.277612,485.311638,499.291772,482.315862,454.355508,499.291809,465.33994,496.296026,479.320099,479.320099,492.301692,465.339935,461.478605,457.483134,439.503434,449.492132,441.50115,449.492126,458.481995,458.481964,445.496641,430.513581,399.548573,380.570014,427.516984,411.535035,414.531655,404.542908,404.542908,407.539533,550.378204,664.249552,649.266479,609.311619,672.240479,674.238217,715.191895,701.207704,667.246154,659.255147,621.298077,668.244995,637.756813,629.759854,669.744635,651.751496,649.752258,668.744995,669.744629,639.75607,624.761742,654.750305,741.717194,710.729004,739.717949,713.727845,688.737366,614.765591,619.763672,629.759888,629.759888,624.76178,629.759883,678.741158,650.0,616.0,640.0,640.0,653.0,650.0,633.0,635.0,585.0,528.0,579.0,570.0,545.0,580.0,640.0,635.0,571.0,644.0,641.0,6.39,6.02,6.3,6.4,6.5,613.782678,612.852734,609.132809,604.482965,581.233592,609.132794],"highs":[491.303131,484.313019,488.307343,478.321543,486.310209,603.144522,554.213867,549.221003,554.213867,546.225239,518.264859,522.259232,508.279058,489.305969,499.291809,519.263481,478.321526,498.293193,479.320099,493.300293,494.298859,486.310209,465.474091,464.475202,464.47522,463.476349,462.477479,462.477492,459.480866,459.480835,459.480835,434.509067,423.521488,448.493269,427.516984,424.520361,423.521484,423.521484,423.52149,549.379343,674.238226,673.239396,649.266479,649.266479,674.238263,724.181788,746.156982,719.187439,737.167169,669.243896,669.243867,669.243867,637.756836,669.744607,669.744635,651.751496,669.744635,669.744629,669.744629,654.750353,656.749543,748.71448,741.717194,738.718316,714.727463,714.727464,694.735094,629.759888,629.759888,629.759888,629.759888,629.759888,649.752258,678.741158,650.0,658.0,658.0,655.0,653.0,653.0,653.0,622.0,624.0,600.0,578.0,579.0,585.0,710.0,640.0,689.0,669.0,644.0,645.0,6.39,6.5,6.6,6.4,6.5,613.782678,641.681901,613.782678,636.102043,632.382179,658.0],"lows":[444.369702,442.372528,430.389551,440.375366,430.38952,469.334261,509.277618,505.283253,488.307386,455.35413,459.348419,485.311638,479.320099,459.348419,454.355508,466.338514,464.341356,464.341379,479.320099,479.320099,464.341352,426.518106,439.503418,429.514704,439.503434,435.507932,440.502307,439.503435,439.503413,445.496643,445.496641,424.520355,359.593716,380.570014,401.546326,410.536163,401.546326,404.542908,379.571146,380.570005,549.379332,606.315005,624.294692,607.313876,608.312744,674.238217,714.193115,629.288994,653.261953,610.310425,621.298077,604.769413,609.767456,614.765572,624.76176,629.759888,624.76178,624.761781,624.76178,624.76178,624.761742,645.753784,694.735107,679.740825,627.760601,629.759839,570.782349,580.778563,607.768273,595.772846,600.77094,588.775513,596.772461,600.770934,601.0,600.0,601.0,628.0,630.0,633.0,601.0,575.0,514.0,528.0,540.0,549.0,545.0,575.0,600.0,576.0,582.0,586.0,609.0,6.2,6.02,6.11,6.01,6.5,613.782678,604.48294,603.552982,581.233592,581.233592,603.552952],"closes":[484.313019,448.364044,483.314484,443.371094,465.339935,539.235168,549.220947,533.243591,489.305969,499.291809,484.313019,499.291809,481.317291,459.348419,499.291809,467.337097,466.338531,479.320099,479.320099,493.300293,465.339935,462.477478,439.503418,439.503418,463.476349,440.502319,462.477478,440.502319,449.492126,458.481995,459.480835,424.520355,409.537292,427.516968,422.522614,424.520355,423.521484,404.542908,409.537292,549.379272,664.249512,649.266479,626.292358,649.266479,608.312744,715.191895,714.193115,661.25293,669.243896,612.308228,668.244995,637.756836,609.767456,658.748779,625.761414,629.759888,624.76178,669.744629,629.759888,624.76178,625.761414,740.717529,719.725586,694.735107,699.733154,688.737366,570.782349,619.763672,629.759888,629.759888,629.759888,629.759888,649.752258,650.0,620.0,600.0,635.0,652.0,650.0,640.0,601.0,585.0,564.0,541.0,560.0,549.0,565.0,649.0,635.0,595.0,644.0,640.0,645.0,6.39,6.5,6.59,6.25,6.5,613.782678,641.681901,604.482956,585.883455,604.482956,626.0],"pressureRange":[-1.881241,1.881241],"priceRange":[6.25,740.717529],"zones":{"accumulationBoundary":0.101327,"distributionBoundary":0.898673},"latest":0.634674,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","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 and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Recovery follow-through","detail":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","annotations":[{"label":"Current tape relationship","value":"Recovery follow-through","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":"31 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.36,"forwardCorrelation":-0.21,"directionalAgreement":45.9,"sample":246,"correlationSample":257,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":5.0,"medianWeeksInZone":5,"averageWeeksToHigher":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":1.7,"averageReturn":1.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.7,"sample":1},{"week":2,"averageReturn":3.1,"sample":1},{"week":3,"averageReturn":-2.2,"sample":1},{"week":4,"averageReturn":1.7,"sample":1},{"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}]},"distribution":{"label":"Distribution","episodes":5,"completedEpisodes":5,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":5,"expectedCount":4,"expectedPercent":80.0,"medianReturn":-7.0,"averageReturn":-5.2,"confidenceLow":37.6,"confidenceHigh":96.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":5,"expectedCount":4,"expectedPercent":80.0,"medianReturn":-6.4,"averageReturn":-4.7,"confidenceLow":37.6,"confidenceHigh":96.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":5,"expectedCount":5,"expectedPercent":100.0,"medianReturn":-11.9,"averageReturn":-11.2,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.4,"sample":5},{"week":2,"averageReturn":-5.9,"sample":5},{"week":3,"averageReturn":-4.9,"sample":5},{"week":4,"averageReturn":-5.2,"sample":5},{"week":5,"averageReturn":-5.9,"sample":5},{"week":6,"averageReturn":-7.3,"sample":5},{"week":7,"averageReturn":-6.2,"sample":5},{"week":8,"averageReturn":-6.5,"sample":5},{"week":9,"averageReturn":-9.7,"sample":5},{"week":10,"averageReturn":-9.3,"sample":5},{"week":11,"averageReturn":-5.3,"sample":5},{"week":12,"averageReturn":-4.7,"sample":5},{"week":13,"averageReturn":-3.9,"sample":5},{"week":14,"averageReturn":-5.1,"sample":5},{"week":15,"averageReturn":-4.6,"sample":5},{"week":16,"averageReturn":-4.3,"sample":5},{"week":17,"averageReturn":-4.7,"sample":5},{"week":18,"averageReturn":-9.5,"sample":5},{"week":19,"averageReturn":-7.9,"sample":5},{"week":20,"averageReturn":-7.8,"sample":5},{"week":21,"averageReturn":-11.7,"sample":5},{"week":22,"averageReturn":-10.7,"sample":5},{"week":23,"averageReturn":-11.0,"sample":5},{"week":24,"averageReturn":-12.1,"sample":5},{"week":25,"averageReturn":-12.9,"sample":5},{"week":26,"averageReturn":-11.2,"sample":5}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":19,"completedEpisodes":18,"activeEpisodes":1,"medianExpectedMove":3.0,"averageExpectedMove":7.4,"averageWeeksToLargestMove":4.4,"horizons":[{"weeks":4,"sample":17,"expectedCount":6,"expectedPercent":35.3,"averageReturn":-1.9,"medianReturn":-4.2,"confidenceLow":17.3,"confidenceHigh":58.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":6,"expectedPercent":35.3,"averageReturn":-2.7,"medianReturn":-7.0,"confidenceLow":17.3,"confidenceHigh":58.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":17,"expectedCount":7,"expectedPercent":41.2,"averageReturn":-1.0,"medianReturn":-6.6,"confidenceLow":21.6,"confidenceHigh":64.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.4,"sample":18},{"week":2,"averageReturn":-1.6,"sample":18},{"week":3,"averageReturn":-2.6,"sample":17},{"week":4,"averageReturn":-1.9,"sample":17},{"week":5,"averageReturn":-2.0,"sample":17},{"week":6,"averageReturn":-2.8,"sample":17},{"week":7,"averageReturn":-3.9,"sample":17},{"week":8,"averageReturn":-2.2,"sample":17},{"week":9,"averageReturn":-4.1,"sample":17},{"week":10,"averageReturn":-3.1,"sample":17},{"week":11,"averageReturn":-3.8,"sample":17},{"week":12,"averageReturn":-2.7,"sample":17},{"week":13,"averageReturn":-5.5,"sample":17},{"week":14,"averageReturn":-5.6,"sample":17},{"week":15,"averageReturn":-4.7,"sample":17},{"week":16,"averageReturn":-4.3,"sample":17},{"week":17,"averageReturn":-3.1,"sample":17},{"week":18,"averageReturn":-3.0,"sample":17},{"week":19,"averageReturn":-3.4,"sample":17},{"week":20,"averageReturn":-2.5,"sample":17},{"week":21,"averageReturn":-1.9,"sample":17},{"week":22,"averageReturn":-1.7,"sample":17},{"week":23,"averageReturn":1.3,"sample":17},{"week":24,"averageReturn":2.4,"sample":17},{"week":25,"averageReturn":2.2,"sample":17},{"week":26,"averageReturn":-1.0,"sample":17}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":26,"completedEpisodes":26,"activeEpisodes":0,"medianExpectedMove":10.0,"averageExpectedMove":10.9,"averageWeeksToLargestMove":7.3,"horizons":[{"weeks":4,"sample":26,"expectedCount":13,"expectedPercent":50.0,"averageReturn":3.7,"medianReturn":0.2,"confidenceLow":32.1,"confidenceHigh":67.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":26,"expectedCount":13,"expectedPercent":50.0,"averageReturn":7.6,"medianReturn":-0.4,"confidenceLow":32.1,"confidenceHigh":67.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":24,"expectedCount":9,"expectedPercent":37.5,"averageReturn":13.2,"medianReturn":7.7,"confidenceLow":21.2,"confidenceHigh":57.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.7,"sample":26},{"week":2,"averageReturn":2.3,"sample":26},{"week":3,"averageReturn":2.6,"sample":26},{"week":4,"averageReturn":3.7,"sample":26},{"week":5,"averageReturn":1.6,"sample":26},{"week":6,"averageReturn":3.1,"sample":26},{"week":7,"averageReturn":2.3,"sample":26},{"week":8,"averageReturn":2.8,"sample":26},{"week":9,"averageReturn":3.2,"sample":26},{"week":10,"averageReturn":4.7,"sample":26},{"week":11,"averageReturn":5.9,"sample":26},{"week":12,"averageReturn":7.6,"sample":26},{"week":13,"averageReturn":9.5,"sample":25},{"week":14,"averageReturn":8.9,"sample":25},{"week":15,"averageReturn":9.5,"sample":25},{"week":16,"averageReturn":7.5,"sample":25},{"week":17,"averageReturn":8.0,"sample":25},{"week":18,"averageReturn":9.0,"sample":25},{"week":19,"averageReturn":8.5,"sample":24},{"week":20,"averageReturn":8.9,"sample":24},{"week":21,"averageReturn":9.3,"sample":24},{"week":22,"averageReturn":10.6,"sample":24},{"week":23,"averageReturn":8.9,"sample":24},{"week":24,"averageReturn":12.5,"sample":24},{"week":25,"averageReturn":15.4,"sample":24},{"week":26,"averageReturn":13.2,"sample":24}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":27,"completedEpisodes":26,"activeEpisodes":1,"medianExpectedMove":10.6,"averageExpectedMove":11.2,"averageWeeksToLargestMove":6.9,"horizons":[{"weeks":4,"sample":26,"expectedCount":15,"expectedPercent":57.7,"averageReturn":0.8,"medianReturn":-1.5,"confidenceLow":38.9,"confidenceHigh":74.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":25,"expectedCount":14,"expectedPercent":56.0,"averageReturn":3.3,"medianReturn":-4.3,"confidenceLow":37.1,"confidenceHigh":73.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":23,"expectedCount":11,"expectedPercent":47.8,"averageReturn":9.6,"medianReturn":0.7,"confidenceLow":29.2,"confidenceHigh":67.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.7,"sample":26},{"week":2,"averageReturn":0.4,"sample":26},{"week":3,"averageReturn":0.1,"sample":26},{"week":4,"averageReturn":0.8,"sample":26},{"week":5,"averageReturn":2.2,"sample":26},{"week":6,"averageReturn":0.9,"sample":26},{"week":7,"averageReturn":2.3,"sample":25},{"week":8,"averageReturn":0.2,"sample":25},{"week":9,"averageReturn":0.7,"sample":25},{"week":10,"averageReturn":0.5,"sample":25},{"week":11,"averageReturn":3.0,"sample":25},{"week":12,"averageReturn":3.3,"sample":25},{"week":13,"averageReturn":3.7,"sample":25},{"week":14,"averageReturn":4.3,"sample":25},{"week":15,"averageReturn":4.1,"sample":25},{"week":16,"averageReturn":4.4,"sample":24},{"week":17,"averageReturn":3.4,"sample":24},{"week":18,"averageReturn":3.7,"sample":24},{"week":19,"averageReturn":4.0,"sample":24},{"week":20,"averageReturn":3.8,"sample":24},{"week":21,"averageReturn":4.9,"sample":24},{"week":22,"averageReturn":5.8,"sample":24},{"week":23,"averageReturn":5.5,"sample":23},{"week":24,"averageReturn":6.1,"sample":23},{"week":25,"averageReturn":7.0,"sample":23},{"week":26,"averageReturn":9.6,"sample":23}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":7.1,"averageExpectedMove":10.2,"averageWeeksToLargestMove":4.9,"horizons":[{"weeks":4,"sample":15,"expectedCount":8,"expectedPercent":53.3,"averageReturn":1.4,"medianReturn":0.5,"confidenceLow":30.1,"confidenceHigh":75.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":15,"expectedCount":8,"expectedPercent":53.3,"averageReturn":-1.7,"medianReturn":0.2,"confidenceLow":30.1,"confidenceHigh":75.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":7,"expectedPercent":46.7,"averageReturn":3.7,"medianReturn":-1.3,"confidenceLow":24.8,"confidenceHigh":69.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.6,"sample":17},{"week":2,"averageReturn":1.8,"sample":15},{"week":3,"averageReturn":1.2,"sample":15},{"week":4,"averageReturn":1.4,"sample":15},{"week":5,"averageReturn":0.5,"sample":15},{"week":6,"averageReturn":1.2,"sample":15},{"week":7,"averageReturn":-0.1,"sample":15},{"week":8,"averageReturn":-1.1,"sample":15},{"week":9,"averageReturn":-1.7,"sample":15},{"week":10,"averageReturn":-0.1,"sample":15},{"week":11,"averageReturn":-1.6,"sample":15},{"week":12,"averageReturn":-1.7,"sample":15},{"week":13,"averageReturn":-0.7,"sample":15},{"week":14,"averageReturn":0.5,"sample":15},{"week":15,"averageReturn":1.1,"sample":15},{"week":16,"averageReturn":1.9,"sample":15},{"week":17,"averageReturn":0.8,"sample":15},{"week":18,"averageReturn":0.5,"sample":15},{"week":19,"averageReturn":4.9,"sample":15},{"week":20,"averageReturn":5.6,"sample":15},{"week":21,"averageReturn":6.7,"sample":15},{"week":22,"averageReturn":3.8,"sample":15},{"week":23,"averageReturn":5.7,"sample":15},{"week":24,"averageReturn":5.9,"sample":15},{"week":25,"averageReturn":5.0,"sample":15},{"week":26,"averageReturn":3.7,"sample":15}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":18.9,"averageExpectedMove":18.9,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.8,"medianReturn":1.8,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-9.1,"medianReturn":-9.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-15.8,"medianReturn":-15.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.4,"sample":2},{"week":2,"averageReturn":-6.5,"sample":2},{"week":3,"averageReturn":-6.1,"sample":2},{"week":4,"averageReturn":1.8,"sample":2},{"week":5,"averageReturn":-7.7,"sample":2},{"week":6,"averageReturn":-6.3,"sample":2},{"week":7,"averageReturn":-5.3,"sample":2},{"week":8,"averageReturn":-6.1,"sample":2},{"week":9,"averageReturn":-14.9,"sample":2},{"week":10,"averageReturn":-11.2,"sample":2},{"week":11,"averageReturn":-9.1,"sample":2},{"week":12,"averageReturn":-9.1,"sample":2},{"week":13,"averageReturn":-11.1,"sample":2},{"week":14,"averageReturn":-12.5,"sample":2},{"week":15,"averageReturn":-8.6,"sample":2},{"week":16,"averageReturn":-7.5,"sample":2},{"week":17,"averageReturn":-9.8,"sample":2},{"week":18,"averageReturn":-12.0,"sample":2},{"week":19,"averageReturn":-12.0,"sample":2},{"week":20,"averageReturn":-11.8,"sample":2},{"week":21,"averageReturn":-13.4,"sample":2},{"week":22,"averageReturn":-15.7,"sample":2},{"week":23,"averageReturn":-17.3,"sample":2},{"week":24,"averageReturn":-19.3,"sample":2},{"week":25,"averageReturn":-19.8,"sample":2},{"week":26,"averageReturn":-15.8,"sample":2}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":35.3,"averageReturn":-2.7,"sample":17},"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 structure is upward","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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 35.3% of comparable cases moved higher after 12 weeks, with an average move of -2.7% across 17 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, 80.0% of completed 12-week outcomes were lower across 5 cases. Distinct visits lasted 2.0 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 11.2% across 25 completed cases, with the largest move arriving after 6.9 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":"2026-07-31","price":585.883455}],"distribution_rollovers":[{"date":"2025-07-18","price":661.25293},{"date":"2025-08-01","price":612.308228},{"date":"2025-08-15","price":637.756836},{"date":"2025-11-28","price":570.782349}],"price_pressure_gaps":[{"date":"2025-09-26","price":669.744629},{"date":"2025-10-24","price":740.717529}]}},"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":[484.313,448.364,483.3145,443.3711,465.3399,539.2352,549.2209,533.2436,489.306,499.2918,484.313,499.2918,481.3173,459.3484,499.2918,467.3371,466.3385,479.3201,479.3201,493.3003,465.3399,462.4775,439.5034,439.5034,463.4763,440.5023,462.4775,440.5023,449.4921,458.482,459.4808,424.5204,409.5373,427.517,422.5226,424.5204,423.5215,404.5429,409.5373,549.3793,664.2495,649.2665,626.2924,649.2665,608.3127,715.1919,714.1931,661.2529,669.2439,612.3082,668.245,637.7568,609.7675,658.7488,625.7614,629.7599,624.7618,669.7446,629.7599,624.7618,625.7614,740.7175,719.7256,694.7351,699.7332,688.7374,570.7823,619.7637,629.7599,629.7599,629.7599,629.7599,649.7523,650.0,620.0,600.0,635.0,652.0,650.0,640.0,601.0,585.0,564.0,541.0,560.0,549.0,565.0,649.0,635.0,595.0,644.0,640.0,645.0,6.39,6.5,6.59,6.25,6.5,613.7827,641.6819,604.483,585.8835,604.483,626.0],"consensus":[45.007,-25.2593,38.182,-23.8133,16.8086,53.7614,44.2565,23.1354,-18.7427,0.0,-20.1414,0.0,-24.5017,-41.54,40.4861,-41.1346,-17.9212,0.0,0.0,28.1025,-31.3,-12.1509,-47.7485,-30.1669,20.2681,-35.6004,26.3101,-32.8871,0.0,16.5164,12.3675,-49.0769,-34.2332,0.0,-19.9158,0.0,0.0,-50.4833,-9.0437,71.4562,85.0029,36.7459,18.356,65.3521,-20.4204,76.8869,28.0434,0.0,26.2349,-39.4042,46.2994,-10.3028,-32.7142,47.3278,-29.9779,-12.3471,-11.9863,36.5941,-32.3941,-18.1446,-10.5455,65.2774,14.1593,0.0,20.399,0.0,-68.7908,0.0,0.0,0.0,9.2408,0.0,22.0095,0.0,-33.7943,-40.2784,15.6067,22.1591,15.2423,0.0,-50.7128,-46.8598,-42.8872,-43.2027,-17.8806,-41.9306,0.0,53.1658,22.3924,-17.6235,40.1021,13.1843,25.0316,-51.0018,-34.4957,-35.4529,-44.0507,-36.6241,51.8387,57.7601,18.7989,18.9383,33.8475,29.9562],"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":[-36.5896,42.4511,-31.1721,-17.4057,-19.7277,46.1997,-32.0779,-23.2412,-14.4344,69.2133,14.2217,0.0,11.5462,0.0,-62.4912,0.0,0.0,0.0,8.326,0.0,25.9476,0.0,-28.924,-36.5484,13.2831,29.4087,16.6697,0.0,-47.7884,-43.7193,-29.5523,-37.8885,-15.0769,-47.2237,0.0,42.7056,19.3369,-26.9081,40.2653,18.8693,30.1505,-39.6985,-17.1065,-17.5185,-33.2144,-37.5939,56.9507,65.3047,6.7968,6.7908,35.3473,33.8563],"force":[-40.3076,78.0975,-49.0045,-16.3089,-17.8099,40.4586,-73.5533,-20.9642,-8.9709,77.8428,34.443,0.0,13.3929,0.0,-98.146,0.0,0.0,0.0,19.7782,0.0,35.6968,0.0,-62.7166,-56.8673,52.5165,30.7833,11.8594,0.0,-78.2317,-54.2295,-54.6037,-36.3857,-8.8755,-34.1482,0.0,84.3465,9.2245,-40.5016,44.9794,3.5695,22.8951,-35.0343,-1.2657,-0.7662,-7.9149,-0.1151,40.8781,41.5793,22.5405,21.2432,21.1647,8.1393],"direction":[-22.8612,30.9228,-15.0228,-3.7361,-1.0208,22.8559,-3.3561,-10.306,-7.2257,51.804,48.8038,0.0,35.521,0.0,-55.0223,0.0,0.0,0.0,2.7594,0.0,7.7322,0.0,-18.7017,-32.6921,8.1018,7.7136,16.0273,0.0,-34.3985,-45.1849,-49.758,-54.1453,-40.1963,-41.4403,0.0,42.8483,35.2901,-9.3291,36.4318,13.555,20.7077,-75.325,-79.9128,-81.8202,-82.2465,-61.7581,53.8255,60.6954,62.0436,61.522,41.1925,41.0824],"intensity":[57.6923,82.6923,63.4615,19.2308,21.1538,80.7692,75.0,15.3846,3.8462,96.1538,82.6923,53.8462,82.6923,15.3846,96.1538,86.5385,53.8462,17.3077,5.7692,19.2308,30.7692,57.6923,57.6923,30.7692,65.3846,51.9231,5.7692,17.3077,65.3846,55.7692,82.6923,38.4615,32.6923,15.3846,23.0769,96.1538,86.5385,73.0769,73.0769,40.3846,32.6923,100.0,1.9231,1.9231,5.7692,7.6923,98.0769,51.9231,65.3846,38.4615,32.6923,50.0],"confirmation":[78.6409,84.1569,78.1546,49.3281,49.4462,79.6815,56.9586,73.8145,48.6006,89.2117,33.0633,6.2266,74.4491,24.7088,91.0037,30.7144,28.5759,26.9174,48.6255,26.0001,52.7335,0.942,79.7698,81.4515,30.5495,52.5766,72.7527,27.3514,85.1113,83.2676,82.2842,81.6981,29.5092,81.1,4.4048,86.1227,74.8108,30.8521,80.9788,49.1727,75.867,84.0062,55.8171,56.0112,58.4934,55.9432,84.1764,85.8751,9.7473,9.5526,78.4218,84.8617],"persistence":[12.5,12.5,12.5,25.0,50.0,25.0,50.0,50.0,50.0,50.0,25.0,12.5,12.5,0.0,0.0,12.5,25.0,12.5,12.5,12.5,12.5,12.5,12.5,0.0,12.5,25.0,25.0,25.0,0.0,12.5,12.5,12.5,37.5,62.5,75.0,62.5,37.5,37.5,12.5,12.5,37.5,37.5,25.0,0.0,25.0,25.0,25.0,25.0,25.0,0.0,25.0,50.0],"assessmentRisk":[23.6055,14.532,20.9838,2.3456,21.7308,6.5937,21.6184,2.3048,6.7327,12.8571,41.323,43.2158,37.1377,40.6441,15.3462,43.9703,42.3382,37.5401,36.7909,8.0216,8.3403,18.3193,4.0076,13.1938,26.1026,8.5046,24.8501,50.589,21.7078,26.4667,28.538,28.3923,38.873,26.2256,3.4584,23.323,38.053,53.8584,29.0267,19.6021,1.8943,24.3837,32.6856,32.2028,27.9073,18.3436,23.3658,20.5481,39.8433,39.6487,18.8188,18.1749],"volumeParticipation":true,"latest":{"consensus":30.0,"control":33.9,"force":8.1,"direction":41.1,"confirmation":84.9,"persistence":50.0,"assessmentRisk":18.2,"intensity":50.0,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+30.0","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+33.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+8.1","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+41.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"85/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"57.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"14.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"31.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"88%","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 upward.","series":[{"label":"Close","values":[484.313,448.364,483.3145,443.3711,465.3399,539.2352,549.2209,533.2436,489.306,499.2918,484.313,499.2918,481.3173,459.3484,499.2918,467.3371,466.3385,479.3201,479.3201,493.3003,465.3399,462.4775,439.5034,439.5034,463.4763,440.5023,462.4775,440.5023,449.4921,458.482,459.4808,424.5204,409.5373,427.517,422.5226,424.5204,423.5215,404.5429,409.5373,549.3793,664.2495,649.2665,626.2924,649.2665,608.3127,715.1919,714.1931,661.2529,669.2439,612.3082,668.245,637.7568,609.7675,658.7488,625.7614,629.7599,624.7618,669.7446,629.7599,624.7618,625.7614,740.7175,719.7256,694.7351,699.7332,688.7374,570.7823,619.7637,629.7599,629.7599,629.7599,629.7599,649.7523,650.0,620.0,600.0,635.0,652.0,650.0,640.0,601.0,585.0,564.0,541.0,560.0,549.0,565.0,649.0,635.0,595.0,644.0,640.0,645.0,6.39,6.5,6.59,6.25,6.5,613.7827,641.6819,604.483,585.8835,604.483,626.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[445.0232,445.6306,452.4822,450.8257,453.4646,469.0593,483.6341,492.654,492.0453,493.3628,491.7174,493.0946,490.9533,485.2069,487.7678,484.0531,480.8323,480.5574,480.3324,482.6902,479.5356,476.4341,469.7195,464.2256,464.0894,459.8008,460.2875,456.6902,455.3815,455.9452,456.588,450.7575,443.263,440.4,437.1496,434.8534,432.793,427.6566,424.3622,447.0926,486.5757,516.1558,536.1806,556.7417,566.1183,593.2226,615.2172,623.5873,631.8885,628.3285,635.586,635.9807,631.2147,636.2209,634.3192,633.4902,631.9032,638.7835,637.1428,634.8917,633.2317,652.7745,664.9475,670.3634,675.7034,678.0732,658.5658,651.5108,647.5561,644.3204,641.6731,639.507,641.3698,642.9389,638.7682,631.7194,632.3159,635.8948,638.4594,638.7395,631.8778,623.3546,612.5628,599.5514,592.3602,584.4766,580.9354,593.3108,600.8906,599.8196,607.8524,613.6974,619.3888,507.9345,416.7646,342.1874,281.1078,231.1791,300.7434,362.7322,406.6869,439.2681,469.3072,497.7968],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[425.0471,426.7743,430.9624,431.8816,434.36,442.1285,450.0613,456.2229,458.6735,461.6823,463.3586,466.0204,467.1535,466.5753,468.9988,468.8757,468.6877,469.4753,470.2046,471.9154,471.4283,470.7653,468.4496,466.3054,466.0959,464.2,464.0724,462.3265,461.3758,461.1615,461.037,458.332,454.7176,452.7027,450.4672,448.5452,446.6916,443.5695,441.0486,449.0731,465.0121,478.6605,489.5962,501.4236,509.3414,524.5895,538.6343,547.7171,556.7191,560.8368,568.793,573.9014,576.5582,582.6463,585.8401,589.0934,591.7355,597.5139,599.9025,601.744,603.523,613.6856,621.5404,626.9622,632.3527,636.5293,631.6592,630.778,630.7026,630.6328,630.5681,630.5082,631.9337,633.272,632.2889,629.8971,630.2751,631.8843,633.2262,633.728,631.3037,627.8738,623.1424,617.0578,612.8313,608.103,604.9102,608.1761,610.1631,609.0399,611.6295,613.731,616.0473,570.8875,529.081,490.378,454.5166,421.3302,435.5859,450.8523,462.2324,471.3917,481.2503,491.9725],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[488.6497,491.2998,499.4747,500.5353,504.2682,523.8505,541.7644,554.1802,557.2044,556.3793,555.7702,556.3105,550.5536,549.169,549.7302,542.6145,542.4379,542.5556,542.4572,541.7206,541.5947,540.6856,542.3469,542.7316,542.7673,535.1079,521.0271,510.3306,508.3766,503.9421,501.8989,498.7802,500.3653,500.7908,494.6666,493.6391,492.3624,490.1127,486.1167,505.5018,567.9354,605.6336,631.124,658.3586,673.5645,710.0862,740.9377,757.5794,773.5421,780.3162,792.9578,797.9818,796.8399,799.8071,796.0481,789.5381,778.1769,758.2881,716.7732,707.2806,705.5442,723.0933,732.8578,736.9851,740.3376,736.208,734.2243,733.3235,731.4011,731.0586,729.1308,729.0073,729.134,728.5866,728.6769,729.6317,729.7002,728.2288,728.8592,729.0146,729.8959,714.4956,704.1688,700.7295,690.3518,681.4033,681.7988,685.16,685.7168,683.8379,685.5657,686.7288,686.0333,851.389,916.5207,954.7058,972.9417,976.947,972.6606,972.8663,973.2409,973.33,977.3737,985.7136],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[351.9504,354.7141,354.45,354.8108,354.8957,346.6206,345.2042,343.5963,350.0801,364.9049,375.0217,384.6887,400.6517,405.3548,411.8071,425.7348,426.6354,427.0428,426.8678,432.6972,430.9259,433.2462,427.2038,426.4324,426.2103,423.9965,429.4029,430.8253,428.7979,429.1514,428.7114,424.3529,415.5898,411.9812,410.4285,407.1743,404.1693,398.9413,395.959,382.1818,339.6392,320.6199,313.8084,307.5501,306.8279,297.7751,292.0952,297.5285,303.541,312.1495,320.3843,336.6839,357.8489,378.0049,402.0878,429.1217,460.6069,507.0159,570.5531,587.584,585.4715,577.0675,576.6463,577.0659,582.8554,584.3396,571.9822,568.734,566.7081,568.7958,566.8751,566.1988,570.0707,569.7431,569.0767,565.1459,566.1013,565.7981,567.1918,568.5602,565.2028,565.0313,559.7856,547.8513,544.2557,539.2305,538.2568,537.8191,537.7864,536.1893,535.8856,535.7464,535.9667,306.25,179.7683,82.2422,1.1313,-67.424,-66.7594,-66.7968,-66.8232,-66.8239,-66.8193,-66.6592],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"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"]},{"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":[-25.1034,-30.6627,-25.2578,-31.4348,-28.0375,-16.6099,-15.0657,-17.5365,-24.3312,-22.787,-25.1034,-22.787,-25.5666,-28.964,-22.787,-27.7286,-27.883,-25.8755,-25.8755,-23.7135,-28.0375,-28.4801,-32.033,-32.033,-28.3257,-31.8785,-28.4801,-31.8785,-30.4883,-29.098,-28.9435,-34.35,-36.6671,-33.8866,-34.659,-34.35,-34.5045,-37.4394,-36.6671,-15.0412,0.0,-2.2556,-5.7143,-2.2556,-8.421,0.0,-0.1397,-7.5419,-6.4246,-14.3855,-6.5642,-10.8272,-14.7407,-7.892,-12.5044,-11.9453,-12.6442,-6.3546,-11.9453,-12.6442,-12.5044,0.0,-2.834,-6.2078,-5.5331,-7.0175,-22.942,-16.3293,-14.9798,-14.9798,-14.9798,-14.9798,-12.2807,-12.2473,-16.2974,-18.9975,-14.2723,-11.9772,-12.2473,-13.5973,-18.8625,-21.0225,-23.8576,-26.9627,-24.3976,-25.8827,-23.7226,-12.3823,-14.2723,-19.6725,-13.0573,-13.5973,-12.9223,-99.1373,-99.1225,-99.1103,-99.1562,-99.1225,-17.1367,-13.3702,-18.3922,-20.9033,-18.3922,-15.4874],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[34.7955,24.7901,34.5176,23.4004,29.5149,50.0816,52.8609,48.414,36.1852,38.9645,34.7955,38.9645,33.9617,27.8473,38.9645,23.2249,22.9616,26.3845,20.0653,23.5672,16.5634,4.5448,0.0,0.0,5.4545,0.2273,5.2273,0.2273,2.2727,4.3182,4.5455,0.0,0.0,4.3902,3.1707,3.6585,3.4146,0.0,1.2346,35.8025,64.1975,60.4938,54.8148,60.4938,50.3704,76.7901,76.5432,63.4568,65.4321,51.358,65.1852,57.6487,50.73,62.8378,54.6836,55.672,54.4365,65.5559,55.672,54.4365,54.6836,83.0999,77.9108,69.639,27.368,13.2209,0.0,8.5814,10.3328,10.3328,10.3328,10.3328,13.8354,13.8788,8.6228,5.1189,11.2508,14.2292,13.8788,12.1268,5.2941,2.4909,0.0,0.0,3.512,1.4787,4.4362,19.963,17.3752,9.9815,19.0388,18.2994,19.2237,0.0,1.7214,3.1299,0.0,4.0,9720.5228,10166.9104,9571.7273,9274.1353,9571.7273,9916.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[15.1416,14.6722,16.9252,15.3112,15.6247,21.587,26.8089,29.3201,27.4484,26.4658,24.1994,23.3429,20.9719,17.1229,17.0984,14.3354,11.9275,10.9407,10.0428,10.3402,8.2249,6.2455,2.7908,0.0524,-0.1814,-2.1951,-1.9948,-3.5682,-4.043,-3.6519,-3.2241,-5.6411,-8.6657,-9.5024,-10.448,-10.9104,-11.2281,-12.863,-13.5989,-2.865,14.7409,27.1714,34.7681,42.1564,44.1975,53.819,60.6643,61.1128,61.4053,56.3928,56.2852,53.1273,47.815,47.0153,43.2216,40.0757,36.7555,37.3238,34.154,30.8826,28.0474,34.6767,37.8008,37.8242,37.8102,36.4912,25.6324,20.74,17.468,14.7054,12.3734,10.4053,10.3397,10.1901,7.5637,3.8243,3.643,4.8156,5.5198,5.211,1.7985,-2.1719,-6.9331,-12.4192,-15.0601,-17.8351,-18.5297,-12.1618,-8.151,-8.1066,-4.0706,-1.1812,1.4949,-47.3687,-85.1035,-113.6909,-134.8199,-149.8176,-111.4164,-77.8347,-53.6047,-35.4939,-19.4163,-4.8822],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[5.5324,7.3603,9.2733,10.4809,11.5097,13.5251,16.1819,18.8095,20.5373,21.723,22.2183,22.4432,22.149,21.1437,20.3347,19.1348,17.6934,16.3428,15.0828,14.1343,12.9524,11.611,9.847,7.8881,6.2742,4.5803,3.2653,1.8986,0.7103,-0.1622,-0.7746,-1.7479,-3.1314,-4.4056,-5.6141,-6.6734,-7.5843,-8.6401,-9.6318,-8.2785,-3.6746,2.4946,8.9493,15.5907,21.3121,27.8135,34.3836,39.7295,44.0646,46.5303,48.4813,49.4105,49.0914,48.6762,47.5852,46.0833,44.2178,42.839,41.102,39.0581,36.856,36.4201,36.6962,36.9218,37.0995,36.9778,34.7087,31.915,29.0256,26.1616,23.4039,20.8042,18.7113,17.0071,15.1184,12.8596,11.0163,9.7761,8.9249,8.1821,6.9054,5.0899,2.6853,-0.3356,-3.2805,-6.1914,-8.6591,-9.3596,-9.1179,-8.9156,-7.9466,-6.5935,-4.9758,-13.4544,-27.7842,-44.9656,-62.9364,-80.3127,-86.5334,-84.7937,-78.5559,-69.9435,-59.838,-48.8469],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[9.6092,7.3118,7.6519,4.8303,4.115,8.0619,10.627,10.5106,6.9111,4.7428,1.9811,0.8997,-1.177,-4.0209,-3.2362,-4.7995,-5.7658,-5.4021,-5.04,-3.7941,-4.7276,-5.3656,-7.0562,-7.8357,-6.4555,-6.7754,-5.2601,-5.4668,-4.7533,-3.4897,-2.4496,-3.8932,-5.5343,-5.0967,-4.8339,-4.2371,-3.6438,-4.2229,-3.9671,5.4135,18.4154,24.6768,25.8188,26.5657,22.8855,26.0056,26.2806,21.3834,17.3407,9.8625,7.8039,3.7168,-1.2764,-1.6608,-4.3637,-6.0076,-7.4622,-5.5152,-6.948,-8.1755,-8.8086,-1.7434,1.1046,0.9024,0.7107,-0.4867,-9.0764,-11.175,-11.5576,-11.4561,-11.0305,-10.3989,-8.3716,-6.8169,-7.5547,-9.0353,-7.3733,-4.9605,-3.405,-2.9711,-5.1069,-7.2618,-9.6184,-12.0836,-11.7796,-11.6437,-9.8706,-2.8022,0.9669,0.8091,3.876,5.4124,6.4708,-33.9143,-57.3193,-68.7253,-71.8834,-69.5049,-24.883,6.959,24.9512,34.4496,40.4217,43.9647],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[4.2164,-2.2861,8.8345,-0.3692,2.5622,14.0021,17.9548,14.7251,4.3943,7.135,4.9304,9.2568,6.7654,-0.1887,9.8207,0.0346,-0.2891,5.5855,4.8399,7.4988,2.7769,0.4292,-4.1964,-6.1644,-2.9019,-8.9259,-4.5975,-5.9927,-6.9591,-4.2653,-5.5775,-12.6858,-7.4687,-8.7385,-12.6652,-13.132,-14.5439,-17.6513,-17.1943,9.8011,30.7367,24.1746,20.4414,24.8434,14.9243,32.3196,31.1333,18.9137,19.6172,10.6139,16.7353,9.8723,4.1911,13.1162,7.692,5.125,2.5508,9.2834,0.0873,-0.7576,-1.2523,16.8174,14.3822,10.6225,8.123,8.3572,-11.041,-4.7561,-3.9877,-5.2245,-6.9482,-6.0272,-4.6772,-6.2592,-12.0876,-13.3059,-8.2502,-6.3482,-8.5107,-13.6875,-10.717,-11.8026,-11.2163,-16.1661,-16.4132,-19.9638,-19.1256,-3.655,-4.8925,-13.1163,-3.5985,-3.0025,-2.9996,-98.9876,-98.9604,-98.9196,-98.9293,-98.8692,8.6172,14.7321,8.7589,3.8284,2.2077,9.3751],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[43.0277,110.0347,85.9151,51.9365,51.681,74.2108,36.3411,27.7096,46.9292,65.2487,152.2839,72.6157,449.0375,290.3316,365.9325,545.4838,139.2889,49.9088,0.497,13.3754,20.7085,63.6135,32.1543,152.0569,39.8603,23.3924,22.9141,27.8881,37.4124,18.6266,7.9864,15.9315,97.0776,11.9757,121.6504,39.5993,316.3511,140.7334,43.4082,302.7851,194.6074,52.214,39.7145,20.7814,122.9972,158.6832,66.5722,106.0223,72.3267,121.2683,433.2997,43.1989,14.6658,155.2998,39.0155,4.6632,16.1571,25.6436,182.6478,35.2156,82.588,45.3449,392.3756,28.0009,61.4456,7.4615,110.1495,31.1255,4.1915,26.5356,18.5625,291.7337,27.3944,21.551,105.6684,266.0365,124.4379,59.4823,17.8673,253.4966,89.4229,125.898,181.7181,84.9083,94.7569,78.4534,69.4311,246.9678,4.8782,76.7167,15.436,105.0435,301.0061,31.4026,0.0059,26.2533,1.9162,1.1022,7.9141,112.8891,120.3568,373.7709,195.7113,43.2107],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[94.1645,90.9772,93.503,92.0166,93.5163,95.7229,96.8062,96.0506,94.91,96.4423,92.8019,93.2664,65.0,65.0,83.2286,65.0,65.0,66.8926,66.8926,67.3721,66.6312,65.0,65.0,65.0,66.4383,65.6024,66.4219,65.4179,66.7754,67.4476,67.7268,67.1751,65.0,65.3282,65.0,65.5505,65.0,65.0,65.5321,69.8425,72.8522,72.0683,71.4771,71.745,70.129,72.3373,71.401,69.8701,70.9139,69.0847,77.3678,76.5333,76.2654,79.3183,78.5819,78.6691,78.3953,78.8135,75.5892,75.0337,76.263,76.9355,69.8409,69.3312,70.4339,70.3077,68.3918,68.9175,68.9863,68.9863,68.9863,68.9863,69.3483,69.603,68.3258,65.0,66.8059,67.683,67.4459,65.0,65.0,65.0,65.0,65.0,66.0529,65.1497,65.9226,68.9995,68.9387,67.9579,68.1554,66.9074,71.0658,70.6283,70.6284,70.946,70.9242,70.9363,71.0232,72.1533,70.9406,66.6741,68.9383,69.4285],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[11.8555,12.5594,11.675,12.5095,11.9259,11.3819,10.9612,11.0717,12.1662,12.3712,12.7118,11.9925,11.9815,12.1237,10.9999,11.7215,11.1217,10.5536,9.7997,9.0443,9.3627,9.6713,9.872,9.735,8.9569,9.2044,8.4803,8.6399,8.1798,7.6644,7.3189,7.944,8.7789,8.9438,8.8422,8.4073,8.2126,8.3189,8.397,8.0073,7.4922,7.8538,7.8452,7.4886,8.1959,7.6304,7.4149,8.4076,8.6094,9.4253,8.628,9.1169,9.1821,8.5426,8.8641,8.4734,8.4454,7.7952,8.2082,8.0257,7.8057,7.3089,7.4511,7.7741,8.055,8.4802,11.053,10.1321,9.5084,9.2148,8.8854,8.7155,8.4264,8.6784,9.0129,9.3386,8.846,8.2958,7.9797,7.7487,8.2801,8.4728,9.5537,10.1991,9.6339,9.5154,9.0912,8.945,9.0404,10.3156,9.8149,9.8181,9.4448,1599.3135,1460.4722,1338.1628,1310.839,1170.6666,18.5791,16.916,17.1249,17.0755,15.9723,14.9429],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[32.5242,32.2892,33.9666,34.0738,34.7716,40.7205,44.3218,46.9123,45.6581,41.5668,38.8376,36.4765,31.5183,30.1332,28.688,24.14,23.8996,23.827,23.8495,22.3771,22.7592,22.063,23.7518,23.9999,24.0577,23.1698,19.2806,16.8952,16.9827,16.0307,15.7289,16.1249,18.5108,19.4593,18.6142,19.197,19.6743,20.5097,20.4422,27.7847,50.3091,61.5412,67.1615,72.638,74.8143,81.819,86.898,87.2045,87.273,85.7083,84.8928,81.3099,76.0362,71.6247,65.7622,59.1496,51.2713,39.7173,22.7169,18.4879,18.6013,22.4627,23.8581,24.3399,23.8034,23.0008,24.8417,25.2814,25.3743,24.9663,25.0393,25.1402,24.4863,24.4689,24.5964,25.4076,25.2506,25.1047,24.9477,24.7314,25.4333,23.3624,22.8463,24.4883,23.6668,23.2949,23.5304,24.0954,24.1814,24.2042,24.5086,24.7011,24.5608,94.1812,134.4084,168.2753,199.5355,229.6525,229.4775,229.4886,229.4889,229.4864,229.3532,229.0121],"stroke":"#b87806","width":1.7}],"guides":[],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/d406466d-a21f-47aa-9ca4-24d6d9581206/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d406466d-a21f-47aa-9ca4-24d6d9581206/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d406466d-a21f-47aa-9ca4-24d6d9581206/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d406466d-a21f-47aa-9ca4-24d6d9581206/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d406466d-a21f-47aa-9ca4-24d6d9581206/technical-pack/data.json"},"source_fingerprint":"1ffe51d1444fe085e91e4c947824342bd4ee669dd3d4fd62abb436c3e612ccb4","content_hash":"3347ff345e2636b14540ca3164eef633917d9dd8d6d13f98953eb1420715ea8e","citation":"Sharemaestro, ADR Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/d406466d-a21f-47aa-9ca4-24d6d9581206/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."}