{"schema_version":"1.0","name":"ACT20 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d4af9283-c919-45be-af56-ba16f627a8cd","symbol":"ACT20","name":"Fineco AM Active Portfolios 20%","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Strength versus the research benchmark, Directional strength and control, Acceleration, deceleration and rollover, Range pressure and compression."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":60,"displayedObservations":60,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.017154,-0.009334,0.084746,0.021545,0.085916,0.23787,0.2666,0.222604,-0.034304,-0.350167,-0.611317,-0.731714,-0.710326,-0.643862,-0.595504,-0.625859,-0.322108,-0.311536,-0.169654,0.226499,0.272998,0.555357,0.725912,0.857069,0.847349,0.801036,0.657071,0.380128,0.162467,0.082935,-0.016136,-0.044272],"opens":[10.386,10.394,10.392,10.464,10.402,10.43,10.454,10.444,11.38,10.348,10.268,10.132,10.4,10.302,10.45,10.406,10.316,10.414,10.362,10.538,10.566,10.508,10.502,10.568,10.606,10.486,10.476,10.45,10.43,10.482,10.55,10.534],"highs":[10.404,10.394,10.392,10.464,10.424,10.45,10.454,10.52,11.38,10.382,10.268,10.296,10.4,10.4,10.5,10.406,10.49,10.456,10.41,10.538,10.566,10.59,10.546,10.568,10.606,10.54,10.476,10.482,10.484,10.564,10.562,10.558],"lows":[10.346,10.302,10.302,10.24,10.378,10.36,10.408,10.338,10.256,10.314,10.14,10.132,10.25,10.302,10.386,10.372,10.316,10.376,10.362,10.508,10.43,10.456,10.49,10.434,10.552,10.486,10.476,10.43,10.368,10.436,10.506,10.418],"closes":[10.378,10.346,10.334,10.35,10.374,10.43,10.426,10.336,10.296,10.2,10.132,10.278,10.344,10.38,10.384,10.268,10.466,10.362,10.448,10.508,10.462,10.478,10.524,10.536,10.552,10.512,10.476,10.444,10.42,10.52,10.508,10.44],"hoverRows":[[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.02","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.01","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.08","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.2","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","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":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.09","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.24","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.27","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.22","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.4","className":"is-ohlc","compact":true},{"label":"High","value":"11.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.3","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.35","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.3","className":"is-ohlc","compact":true},{"label":"High","value":"10.3","className":"is-ohlc","compact":true},{"label":"Low","value":"10.1","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.61","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.3","className":"is-ohlc","compact":true},{"label":"Low","value":"10.1","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.73","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.2","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.71","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.3","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.64","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.60","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.63","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.3","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.31","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.17","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.23","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.27","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.56","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.73","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.86","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.85","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.80","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.66","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.38","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.16","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.08","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.02","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[10.1068,10.5772],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.044272,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics weakened this week and remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":32,"relationship":{"sameWeekCorrelation":0.5,"forwardCorrelation":-0.52,"directionalAgreement":48.1,"sample":27,"correlationSample":31,"label":"Strong relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":2.5,"averageReturn":2.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":3.9,"averageReturn":3.9,"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":1.4,"sample":1},{"week":2,"averageReturn":2.1,"sample":1},{"week":3,"averageReturn":2.4,"sample":1},{"week":4,"averageReturn":2.5,"sample":1},{"week":5,"averageReturn":1.3,"sample":1},{"week":6,"averageReturn":3.3,"sample":1},{"week":7,"averageReturn":2.3,"sample":1},{"week":8,"averageReturn":3.1,"sample":1},{"week":9,"averageReturn":3.7,"sample":1},{"week":10,"averageReturn":3.3,"sample":1},{"week":11,"averageReturn":3.4,"sample":1},{"week":12,"averageReturn":3.9,"sample":1},{"week":13,"averageReturn":4.0,"sample":1},{"week":14,"averageReturn":4.1,"sample":1},{"week":15,"averageReturn":3.8,"sample":1},{"week":16,"averageReturn":3.4,"sample":1},{"week":17,"averageReturn":3.1,"sample":1},{"week":18,"averageReturn":2.8,"sample":1},{"week":19,"averageReturn":3.8,"sample":1},{"week":20,"averageReturn":3.7,"sample":1},{"week":21,"averageReturn":3.0,"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":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToLower":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-0.9,"averageReturn":-0.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.2,"sample":1},{"week":2,"averageReturn":-0.2,"sample":1},{"week":3,"averageReturn":-0.6,"sample":1},{"week":4,"averageReturn":-0.9,"sample":1},{"week":5,"averageReturn":-1.1,"sample":1},{"week":6,"averageReturn":-0.2,"sample":1},{"week":7,"averageReturn":-0.3,"sample":1},{"week":8,"averageReturn":-0.9,"sample":1},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":0.4,"averageExpectedMove":0.4,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-0.5,"medianReturn":0.3,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-0.6,"medianReturn":-0.6,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":0.1,"medianReturn":0.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.0,"sample":4},{"week":2,"averageReturn":-0.3,"sample":4},{"week":3,"averageReturn":-0.1,"sample":3},{"week":4,"averageReturn":-0.5,"sample":3},{"week":5,"averageReturn":-0.8,"sample":3},{"week":6,"averageReturn":-0.6,"sample":3},{"week":7,"averageReturn":-0.6,"sample":3},{"week":8,"averageReturn":-0.2,"sample":3},{"week":9,"averageReturn":-0.3,"sample":3},{"week":10,"averageReturn":-0.6,"sample":3},{"week":11,"averageReturn":0.2,"sample":2},{"week":12,"averageReturn":-0.6,"sample":2},{"week":13,"averageReturn":0.2,"sample":1},{"week":14,"averageReturn":0.7,"sample":1},{"week":15,"averageReturn":0.3,"sample":1},{"week":16,"averageReturn":0.5,"sample":1},{"week":17,"averageReturn":0.9,"sample":1},{"week":18,"averageReturn":1.0,"sample":1},{"week":19,"averageReturn":1.2,"sample":1},{"week":20,"averageReturn":0.8,"sample":1},{"week":21,"averageReturn":0.4,"sample":1},{"week":22,"averageReturn":0.1,"sample":1},{"week":23,"averageReturn":-0.1,"sample":1},{"week":24,"averageReturn":0.9,"sample":1},{"week":25,"averageReturn":0.7,"sample":1},{"week":26,"averageReturn":0.1,"sample":1}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":4,"completedEpisodes":3,"activeEpisodes":1,"medianExpectedMove":0.9,"averageExpectedMove":1.0,"averageWeeksToLargestMove":5.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.3,"medianReturn":1.1,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.6,"medianReturn":1.6,"confidenceLow":0.0,"confidenceHigh":56.1,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":3},{"week":2,"averageReturn":0.2,"sample":3},{"week":3,"averageReturn":0.8,"sample":3},{"week":4,"averageReturn":1.3,"sample":3},{"week":5,"averageReturn":1.4,"sample":3},{"week":6,"averageReturn":1.5,"sample":3},{"week":7,"averageReturn":1.4,"sample":3},{"week":8,"averageReturn":1.9,"sample":3},{"week":9,"averageReturn":1.5,"sample":3},{"week":10,"averageReturn":1.5,"sample":3},{"week":11,"averageReturn":1.5,"sample":3},{"week":12,"averageReturn":1.6,"sample":3},{"week":13,"averageReturn":1.6,"sample":3},{"week":14,"averageReturn":1.8,"sample":3},{"week":15,"averageReturn":2.3,"sample":2},{"week":16,"averageReturn":2.1,"sample":2},{"week":17,"averageReturn":2.1,"sample":1},{"week":18,"averageReturn":1.7,"sample":1},{"week":19,"averageReturn":1.4,"sample":1},{"week":20,"averageReturn":1.2,"sample":1},{"week":21,"averageReturn":2.2,"sample":1},{"week":22,"averageReturn":2.1,"sample":1},{"week":23,"averageReturn":1.4,"sample":1},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":4,"completedEpisodes":3,"activeEpisodes":1,"medianExpectedMove":0.7,"averageExpectedMove":0.7,"averageWeeksToLargestMove":4.7,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":0.6,"medianReturn":0.7,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":0.7,"medianReturn":0.6,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.2,"sample":4},{"week":2,"averageReturn":0.1,"sample":3},{"week":3,"averageReturn":-0.0,"sample":3},{"week":4,"averageReturn":0.6,"sample":3},{"week":5,"averageReturn":0.4,"sample":3},{"week":6,"averageReturn":0.9,"sample":3},{"week":7,"averageReturn":1.0,"sample":3},{"week":8,"averageReturn":0.7,"sample":3},{"week":9,"averageReturn":0.6,"sample":3},{"week":10,"averageReturn":0.5,"sample":3},{"week":11,"averageReturn":0.8,"sample":3},{"week":12,"averageReturn":0.7,"sample":3},{"week":13,"averageReturn":0.7,"sample":3},{"week":14,"averageReturn":0.8,"sample":2},{"week":15,"averageReturn":0.4,"sample":2},{"week":16,"averageReturn":0.7,"sample":1},{"week":17,"averageReturn":1.7,"sample":1},{"week":18,"averageReturn":1.6,"sample":1},{"week":19,"averageReturn":0.9,"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":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":1.3,"averageExpectedMove":1.3,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":2,"expectedPercent":50.0,"averageReturn":-0.0,"medianReturn":-0.1,"confidenceLow":15.0,"confidenceHigh":85.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":1.3,"medianReturn":1.3,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":1.3,"medianReturn":1.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.0,"sample":4},{"week":2,"averageReturn":-0.2,"sample":4},{"week":3,"averageReturn":-0.3,"sample":4},{"week":4,"averageReturn":-0.0,"sample":4},{"week":5,"averageReturn":-0.4,"sample":4},{"week":6,"averageReturn":-0.6,"sample":3},{"week":7,"averageReturn":-0.2,"sample":3},{"week":8,"averageReturn":-0.4,"sample":3},{"week":9,"averageReturn":0.6,"sample":3},{"week":10,"averageReturn":0.3,"sample":3},{"week":11,"averageReturn":-0.0,"sample":3},{"week":12,"averageReturn":1.3,"sample":2},{"week":13,"averageReturn":0.6,"sample":2},{"week":14,"averageReturn":1.0,"sample":2},{"week":15,"averageReturn":1.6,"sample":2},{"week":16,"averageReturn":1.4,"sample":2},{"week":17,"averageReturn":1.5,"sample":2},{"week":18,"averageReturn":1.6,"sample":2},{"week":19,"averageReturn":1.5,"sample":2},{"week":20,"averageReturn":1.4,"sample":2},{"week":21,"averageReturn":1.1,"sample":2},{"week":22,"averageReturn":1.4,"sample":2},{"week":23,"averageReturn":1.2,"sample":2},{"week":24,"averageReturn":0.7,"sample":2},{"week":25,"averageReturn":1.4,"sample":1},{"week":26,"averageReturn":1.3,"sample":1}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":33.3,"averageReturn":0.7,"sample":3},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 33.3% of comparable cases moved lower after 12 weeks, with an average move of 0.7% across 3 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 0.7% across 3 completed cases, with the largest move arriving after 4.7 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":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[10.029,9.999,10.036,10.112,10.158,10.158,10.158,10.108,10.086,10.036,10.152,10.148,10.148,9.903,10.274,10.334,10.248,10.372,10.272,10.264,10.266,10.348,10.326,10.27,10.252,10.25,10.256,10.34,10.378,10.346,10.334,10.35,10.374,10.43,10.426,10.336,10.296,10.2,10.132,10.278,10.344,10.38,10.384,10.268,10.466,10.362,10.448,10.508,10.462,10.478,10.524,10.536,10.552,10.512,10.476,10.444,10.42,10.52,10.508,10.44],"consensus":[0.0,-100.0,51.0204,19.0476,81.7018,36.6942,35.0716,0.0,-25.777,-54.6536,51.8374,8.2309,24.5956,-80.4041,70.0791,64.9562,-9.2677,45.6448,-19.6804,-8.1452,0.0,38.0581,0.0,-19.9497,-18.0292,-19.1079,-15.1545,35.1103,31.9425,0.0,0.0,0.0,0.0,39.6606,17.6231,-31.5884,-27.0182,-42.2529,-49.4664,16.8955,13.1,28.9407,0.0,-27.0842,56.1534,-18.1781,38.7579,22.0945,0.0,15.3994,31.2957,22.8945,10.9917,0.0,0.0,-21.1356,-23.4267,35.4615,0.0,-33.785],"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":[-27.6311,-41.3726,52.5263,5.1984,17.9451,-79.7482,55.951,53.5337,-17.5355,27.2097,-20.4872,-7.876,0.0,34.6435,0.0,-21.8258,-22.7765,-18.8447,-13.8529,33.67,29.3322,0.0,0.0,0.0,0.0,39.1912,12.2092,-32.0627,-28.5114,-37.2542,-51.9919,30.0703,14.4839,30.5923,0.0,-31.4337,54.6753,-25.1376,47.5066,9.3231,0.0,4.9708,33.5811,23.4337,0.3446,0.0,0.0,-17.9935,-14.1834,33.7613,0.0,-31.2018],"force":[-30.3731,-84.2557,83.0123,14.986,7.4438,-89.3058,96.1282,71.0583,-70.1104,57.174,-78.7237,-31.6892,0.0,64.8348,0.0,-55.5055,-33.5556,-26.1988,-24.5524,46.0842,25.0561,0.0,0.0,0.0,0.0,43.493,0.0807,-68.8646,-40.2094,-54.6684,-48.1771,35.9567,12.3846,27.5171,0.0,-41.2703,85.796,-36.8315,39.0023,8.7814,0.0,8.143,22.3391,14.2121,7.1521,0.0,0.0,-30.528,-32.4582,65.8343,0.0,-71.2985],"direction":[-20.3752,-48.6875,28.7822,40.1622,44.4475,-74.7955,67.6192,73.6519,-43.6403,58.4783,-23.4155,-8.3643,0.0,22.8344,0.0,-7.5912,-1.5133,-14.3438,-9.9293,28.9179,39.8446,0.0,0.0,0.0,0.0,37.4596,36.4558,-4.4206,-15.8893,-39.0975,-47.5012,11.7767,12.0295,28.0701,0.0,-11.9804,36.6692,-3.0995,28.5848,46.1997,0.0,32.5009,35.0815,28.4799,36.9074,0.0,0.0,-18.0176,-27.5395,15.7096,0.0,-9.942],"intensity":[25.0,55.5556,80.0,72.7273,25.0,84.6154,85.7143,86.6667,50.0,70.5882,66.6667,26.3158,45.0,52.381,77.2727,34.7826,16.6667,8.0,69.2308,59.2593,32.1429,34.4828,10.0,45.1613,71.875,39.3939,35.2941,57.1429,94.4444,97.2973,73.6842,69.2308,65.0,34.1463,57.1429,65.1163,79.5455,55.5556,45.6522,70.2128,39.5833,14.2857,26.0,37.2549,69.2308,36.5385,34.6154,23.0769,36.5385,59.6154,40.3846,51.9231],"confirmation":[76.3605,86.5937,85.5276,6.437,52.7825,94.0106,91.4345,89.146,36.6705,83.2386,35.7468,5.1125,4.354,81.0467,5.5836,54.3917,51.5035,74.3346,73.1557,79.5917,78.0515,6.2263,4.265,24.6123,24.9055,80.8153,50.5329,56.5704,77.0251,81.9755,83.7515,30.9657,72.1491,77.1925,27.3997,77.033,86.895,52.274,80.2767,74.8591,6.2899,50.1989,77.7068,75.0534,27.4031,4.5674,24.6028,75.0975,75.9126,80.2992,28.0823,79.9938],"persistence":[37.5,37.5,37.5,37.5,37.5,12.5,12.5,25.0,25.0,50.0,25.0,0.0,12.5,12.5,0.0,25.0,25.0,50.0,50.0,25.0,12.5,25.0,25.0,12.5,0.0,25.0,50.0,25.0,0.0,12.5,25.0,12.5,0.0,0.0,12.5,12.5,12.5,12.5,37.5,37.5,25.0,25.0,37.5,62.5,62.5,75.0,62.5,37.5,25.0,25.0,12.5,12.5],"assessmentRisk":[34.474,22.387,31.6056,28.9531,30.5924,6.0092,1.6682,12.0604,36.5277,27.078,9.122,19.1345,6.6956,27.5716,15.802,12.166,3.9222,21.1473,19.3808,22.2417,32.2094,44.1898,44.5056,9.3984,7.0351,28.4717,40.56,0.4229,33.9734,28.8636,25.2653,43.3846,24.6828,35.1233,46.9689,6.6539,15.6479,0.2801,9.6162,38.2175,0.4946,34.4682,19.0599,4.4834,35.436,17.2711,24.4535,30.3425,35.7126,10.6535,32.0507,12.5743],"volumeParticipation":true,"latest":{"consensus":-33.8,"control":-31.2,"force":-71.3,"direction":-9.9,"confirmation":80.0,"persistence":12.5,"assessmentRisk":12.6,"intensity":51.9,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-33.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-31.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-71.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-9.9","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"80/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"51.0","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.1%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"31.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"25%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[10.029,9.999,10.036,10.112,10.158,10.158,10.158,10.108,10.086,10.036,10.152,10.148,10.148,9.903,10.274,10.334,10.248,10.372,10.272,10.264,10.266,10.348,10.326,10.27,10.252,10.25,10.256,10.34,10.378,10.346,10.334,10.35,10.374,10.43,10.426,10.336,10.296,10.2,10.132,10.278,10.344,10.38,10.384,10.268,10.466,10.362,10.448,10.508,10.462,10.478,10.524,10.536,10.552,10.512,10.476,10.444,10.42,10.52,10.508,10.44],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10.0627,10.08,10.0942,10.0967,10.0947,10.0841,10.0964,10.1058,10.1135,10.0752,10.1113,10.1518,10.1693,10.2062,10.2181,10.2265,10.2337,10.2545,10.2675,10.2679,10.265,10.2623,10.2612,10.2755,10.2941,10.3036,10.3091,10.3165,10.327,10.3457,10.3603,10.3559,10.345,10.3186,10.2847,10.2835,10.2945,10.31,10.3235,10.3134,10.3411,10.3449,10.3637,10.3899,10.403,10.4167,10.4362,10.4543,10.4721,10.4793,10.4787,10.4724,10.4629,10.4733,10.4796,10.4724],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10.0804,10.0673,10.0826,10.1012,10.1121,10.1313,10.1418,10.1508,10.1593,10.1733,10.1846,10.1909,10.1955,10.1995,10.2037,10.2138,10.226,10.2348,10.2422,10.2502,10.2593,10.272,10.2834,10.2873,10.2879,10.2814,10.2704,10.2709,10.2763,10.284,10.2914,10.2897,10.3027,10.3071,10.3176,10.3317,10.3413,10.3515,10.3642,10.377,10.3899,10.399,10.4047,10.4076,10.4085,10.4168,10.4235,10.4247],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,10.202,10.2086,10.2122,10.2147,10.2372,10.2719,10.3159,10.3275,10.366,10.3751,10.3812,10.3914,10.4098,10.423,10.43,10.4348,10.439,10.4434,10.4555,10.4695,10.4684,10.4742,10.4799,10.4864,10.4194,10.4359,10.4361,10.4341,10.4357,10.4521,10.452,10.4552,10.4591,10.4651,10.4651,10.4859,10.4879,10.5007,10.5246,10.5351,10.5493,10.571,10.5923,10.6138,10.6236,10.6285,10.633,10.634,10.6332,10.6058,10.5951],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9.974,9.9791,9.9845,9.9896,9.9386,9.9288,9.914,9.918,9.9072,9.9124,9.9183,9.9318,9.9483,9.9641,9.9729,9.9775,9.9825,9.9879,9.999,10.0142,10.0463,10.0587,10.0732,10.0893,10.209,10.2077,10.2077,10.2145,10.1957,10.1653,10.1668,10.1714,10.1707,10.1705,10.1703,10.1709,10.1801,10.1865,10.1794,10.1773,10.1763,10.1736,10.1709,10.1672,10.1656,10.1657,10.172,10.1834,10.2162,10.2812,10.3081],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,15.534,181.3953,97.9021,91.6667,72.2892,0.0,1388.5466,763.8587,11.5257,66.6728,32.6991,352.7475,466.198,22.657,186.7035,216.0719,28.3487,45.6811,27.5602,84.543,36.6332,30.4265,94.1357,102.2041,126.0829,61.7973,102.5131,23.3658,123.8592,82.5959,71.4796,68.4343,24.7277,2.3548,25.4953,0.545,20.2316,206.1224,36.5811,0.5849,29.7698,123.0816,311.1519,34.8639,327.6684,1.0214,53.0012,0.0,57.1568,293.9175,126.3694,98.3563,263.8117],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,134.3069,125.297,120.4455,124.9505,121.4851,121.4851,65.0,101.7305,102.2539,99.2882,100.6873,83.1289,65.0,66.0842,75.9381,65.0,65.0,65.0,65.0,69.4632,71.4333,73.0943,67.7021,65.0,72.3896,76.1269,81.5855,80.5729,74.8709,70.9772,67.512,65.0,65.9086,65.9944,66.8416,66.8572,66.2855,72.5448,71.4365,71.4531,72.2818,68.7281,78.4778,79.4916,89.4624,89.4916,88.0804,88.0804,86.7082,79.0962,82.3598,79.8451,72.2137],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,-10.7528,-12.8588,-12.4861,-11.2035,-10.9866,-11.4121,-12.774,-12.3416,-11.1255],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,39.7532,37.0214,34.7747,32.3199,30.0404,28.5276,27.1229,26.042,25.0738,23.4009,25.7836,27.9962,28.7495,29.5358,30.5807,31.551,32.753,33.7498,34.9334,36.0324,36.9142,38.1493,38.5363,38.9857,39.4031,39.2007,39.194,38.496,37.744,36.5639,34.8528,33.8249,32.8704,31.099],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.6292,28.6517,30.6324,28.0927,34.5806,32.8618,30.4379,30.3843,26.0818,25.2991,24.425,23.8525,23.5259,29.8495,27.9503,29.1551,27.5216,25.9877,26.7877,25.6038,25.7836,25.284,22.483,45.4035,43.87,41.617,39.9929,41.7883,40.0634,42.297,41.6411,41.2672,39.5688,38.655,43.2692,40.3441,38.8426,37.472,34.8614,35.594,34.2812,33.5543,32.4827,30.1684,32.3762,31.2384,28.5383],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,72.8408,52.7771,49.5813,48.053,38.8887,41.4412,40.4401,34.47,34.4116,33.3788,34.9004,34.3167,33.1453,28.9626,27.1198,26.08,27.2984,25.7769,22.4267,21.4355,20.2626,19.6702,21.7519,12.5242,12.1012,18.4609,17.2393,16.1845,15.5164,14.7155,15.1258,13.6387,13.0773,13.4489,12.8497,15.8582,14.7968,14.2747,16.1917,15.581,18.6946,18.8872,21.109,23.4131,21.377,20.6257,24.276],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.0273,0.009,0.0241,0.0404,0.0459,0.0596,0.0616,0.0619,0.0616,0.0672,0.069,0.0652,0.06,0.0552,0.0512,0.0542,0.0589,0.0594,0.0582,0.0579,0.0588,0.0634,0.0659,0.06,0.0514,0.0365,0.019,0.0167,0.0199,0.0251,0.0292,0.0229,0.0334,0.033,0.0392,0.0483,0.0513,0.0543,0.0597,0.0642,0.0683,0.0675,0.0633,0.0567,0.049,0.0503,0.0499,0.0435],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0308,0.0366,0.0416,0.0457,0.0489,0.0525,0.0558,0.0577,0.0582,0.0576,0.0563,0.0559,0.0565,0.0571,0.0573,0.0574,0.0577,0.0588,0.0603,0.0602,0.0584,0.0541,0.047,0.041,0.0368,0.0344,0.0334,0.0313,0.0317,0.032,0.0334,0.0364,0.0394,0.0424,0.0458,0.0495,0.0533,0.0561,0.0576,0.0574,0.0557,0.0546,0.0537,0.0516],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0151,0.023,0.02,0.0162,0.0127,0.0146,0.0132,0.0075,0.0019,-0.0024,-0.0051,-0.0017,0.0025,0.0024,0.0009,0.0004,0.0011,0.0046,0.0057,-0.0002,-0.007,-0.0175,-0.0281,-0.0243,-0.0168,-0.0093,-0.0042,-0.0084,0.0017,0.001,0.0058,0.0119,0.0119,0.0119,0.0139,0.0147,0.015,0.0114,0.0057,-0.0007,-0.0067,-0.0043,-0.0038,-0.0081],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,0.8275,1.0222,1.0045,1.0256,1.1627,1.1472,1.151,1.2537,1.3454,1.2907,1.2482,1.1889,1.1432,1.2142,1.1943,1.149,1.1337,1.1162,1.1894,1.1529,1.1264,1.0779,1.1354,1.8381,1.7831,1.7571,1.7224,1.6927,1.6338,1.5991,1.5253,1.5411,1.5074,1.421,1.3731,1.3735,1.3648,1.3079,1.304,1.2564,1.2159,1.1575,1.1137,1.116,1.1242,1.0832,1.1082],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,2.2601,2.2738,2.2554,2.2286,2.9599,3.3964,3.9732,4.0454,4.5265,4.5612,4.5616,4.5232,4.5344,4.5017,4.4806,4.4805,4.4715,4.4589,4.464,4.4449,4.1152,4.0475,3.9575,3.8604,2.0406,2.211,2.2119,2.1265,2.3257,2.7819,2.7673,2.7527,2.7956,2.8544,2.857,3.0495,2.9777,3.038,3.3355,3.4558,3.6,3.8304,4.0583,4.2979,4.4056,4.4507,4.4307,4.3285,4.0009,3.1075,2.7459],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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/d4af9283-c919-45be-af56-ba16f627a8cd/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d4af9283-c919-45be-af56-ba16f627a8cd/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d4af9283-c919-45be-af56-ba16f627a8cd/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d4af9283-c919-45be-af56-ba16f627a8cd/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d4af9283-c919-45be-af56-ba16f627a8cd/technical-pack/data.json"},"source_fingerprint":"8f2b2ac4ad5bdafafada3ac8aaaa4f56b7a867c796be7a76349ad8f09a1264d9","content_hash":"d23008e566c329a514ad8b8d510f1f6584f555005aa9984445c423fdda22a9f1","citation":"Sharemaestro, ACT20 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d4af9283-c919-45be-af56-ba16f627a8cd/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."}