{"schema_version":"1.0","name":"1304 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d524913c-c8f8-4875-9097-19fe24c89cd4","symbol":"1304","name":"Fortior Technology (Shenzhen) Co., Ltd.","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Technology","industry":"Semiconductors"},"summary":"Market Dynamics improved this week but 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, Strength versus the research benchmark, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, Directional strength and control."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":59,"displayedObservations":59,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but 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 improved this week but 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":["2026-01-23","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":[-0.10283,-0.093933,-0.023277,0.176965,0.251495,0.322455,0.277059,-0.032126,-0.242222,-0.473907,-0.575011,-0.601761,-0.480491,-0.26608,0.066193,0.464172,0.740469,0.925733,0.962671,0.86955,0.708312,0.531322,0.363457,0.322562,0.284605,0.112566,-0.087936,-0.416936,-0.670964,-0.781307,-0.729415],"opens":[136.800003,138.399994,133.800003,133.0,138.300003,138.0,125.0,103.900002,105.0,98.400002,96.404625,95.013216,108.330967,119.959152,126.518649,137.152973,152.060902,160.011799,174.224023,142.5,122.599998,124.599998,127.599998,143.899994,135.100006,132.899994,122.099998,108.099998,100.900002,110.300003,111.5],"highs":[143.199997,140.300003,137.699997,150.0,139.699997,140.899994,127.800003,115.599998,110.699997,103.900002,98.442045,112.505189,127.015579,132.978752,137.5505,153.352924,173.23016,180.087809,183.864482,148.0,126.800003,132.399994,129.199997,146.699997,139.5,133.0,125.0,111.5,112.199997,111.0,123.900002],"lows":[131.0,126.599998,124.099998,129.699997,135.300003,126.099998,97.099998,98.849998,100.0,96.0,91.435311,95.013216,106.045081,119.660998,117.474496,122.841352,152.060902,160.011799,139.240082,139.100006,120.699997,118.0,116.0,134.399994,130.600006,120.0,108.599998,97.050003,98.0,103.599998,106.699997],"closes":[137.399994,135.899994,130.699997,145.899994,136.699997,128.899994,105.699997,106.300003,102.900002,99.349998,92.777023,108.330971,119.660995,126.518646,128.10881,149.476852,161.800751,171.540604,139.240082,142.899994,124.400002,120.199997,121.0,140.800003,132.0,121.199997,111.0,100.099998,111.300003,107.199997,117.900002],"hoverRows":[[{"label":"Open","value":"136.8","className":"is-ohlc","compact":true},{"label":"High","value":"143.2","className":"is-ohlc","compact":true},{"label":"Low","value":"131.0","className":"is-ohlc","compact":true},{"label":"Close","value":"137.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.10","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"138.4","className":"is-ohlc","compact":true},{"label":"High","value":"140.3","className":"is-ohlc","compact":true},{"label":"Low","value":"126.6","className":"is-ohlc","compact":true},{"label":"Close","value":"135.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.09","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"133.8","className":"is-ohlc","compact":true},{"label":"High","value":"137.7","className":"is-ohlc","compact":true},{"label":"Low","value":"124.1","className":"is-ohlc","compact":true},{"label":"Close","value":"130.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.02","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"133.0","className":"is-ohlc","compact":true},{"label":"High","value":"150.0","className":"is-ohlc","compact":true},{"label":"Low","value":"129.7","className":"is-ohlc","compact":true},{"label":"Close","value":"145.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.18","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"138.3","className":"is-ohlc","compact":true},{"label":"High","value":"139.7","className":"is-ohlc","compact":true},{"label":"Low","value":"135.3","className":"is-ohlc","compact":true},{"label":"Close","value":"136.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.25","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"138.0","className":"is-ohlc","compact":true},{"label":"High","value":"140.9","className":"is-ohlc","compact":true},{"label":"Low","value":"126.1","className":"is-ohlc","compact":true},{"label":"Close","value":"128.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"125.0","className":"is-ohlc","compact":true},{"label":"High","value":"127.8","className":"is-ohlc","compact":true},{"label":"Low","value":"97.1","className":"is-ohlc","compact":true},{"label":"Close","value":"105.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.28","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"103.9","className":"is-ohlc","compact":true},{"label":"High","value":"115.6","className":"is-ohlc","compact":true},{"label":"Low","value":"98.8","className":"is-ohlc","compact":true},{"label":"Close","value":"106.3","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":"105.0","className":"is-ohlc","compact":true},{"label":"High","value":"110.7","className":"is-ohlc","compact":true},{"label":"Low","value":"100.0","className":"is-ohlc","compact":true},{"label":"Close","value":"102.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.24","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"98.4","className":"is-ohlc","compact":true},{"label":"High","value":"103.9","className":"is-ohlc","compact":true},{"label":"Low","value":"96.0","className":"is-ohlc","compact":true},{"label":"Close","value":"99.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.47","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"96.4","className":"is-ohlc","compact":true},{"label":"High","value":"98.4","className":"is-ohlc","compact":true},{"label":"Low","value":"91.4","className":"is-ohlc","compact":true},{"label":"Close","value":"92.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.58","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"95.0","className":"is-ohlc","compact":true},{"label":"High","value":"112.5","className":"is-ohlc","compact":true},{"label":"Low","value":"95.0","className":"is-ohlc","compact":true},{"label":"Close","value":"108.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.60","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"108.3","className":"is-ohlc","compact":true},{"label":"High","value":"127.0","className":"is-ohlc","compact":true},{"label":"Low","value":"106.0","className":"is-ohlc","compact":true},{"label":"Close","value":"119.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.48","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"120.0","className":"is-ohlc","compact":true},{"label":"High","value":"133.0","className":"is-ohlc","compact":true},{"label":"Low","value":"119.7","className":"is-ohlc","compact":true},{"label":"Close","value":"126.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.27","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"126.5","className":"is-ohlc","compact":true},{"label":"High","value":"137.6","className":"is-ohlc","compact":true},{"label":"Low","value":"117.5","className":"is-ohlc","compact":true},{"label":"Close","value":"128.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.07","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"137.2","className":"is-ohlc","compact":true},{"label":"High","value":"153.4","className":"is-ohlc","compact":true},{"label":"Low","value":"122.8","className":"is-ohlc","compact":true},{"label":"Close","value":"149.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.46","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"152.1","className":"is-ohlc","compact":true},{"label":"High","value":"173.2","className":"is-ohlc","compact":true},{"label":"Low","value":"152.1","className":"is-ohlc","compact":true},{"label":"Close","value":"161.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.74","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"160.0","className":"is-ohlc","compact":true},{"label":"High","value":"180.1","className":"is-ohlc","compact":true},{"label":"Low","value":"160.0","className":"is-ohlc","compact":true},{"label":"Close","value":"171.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.93","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"174.2","className":"is-ohlc","compact":true},{"label":"High","value":"183.9","className":"is-ohlc","compact":true},{"label":"Low","value":"139.2","className":"is-ohlc","compact":true},{"label":"Close","value":"139.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.96","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"142.5","className":"is-ohlc","compact":true},{"label":"High","value":"148.0","className":"is-ohlc","compact":true},{"label":"Low","value":"139.1","className":"is-ohlc","compact":true},{"label":"Close","value":"142.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.87","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"122.6","className":"is-ohlc","compact":true},{"label":"High","value":"126.8","className":"is-ohlc","compact":true},{"label":"Low","value":"120.7","className":"is-ohlc","compact":true},{"label":"Close","value":"124.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.71","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"124.6","className":"is-ohlc","compact":true},{"label":"High","value":"132.4","className":"is-ohlc","compact":true},{"label":"Low","value":"118.0","className":"is-ohlc","compact":true},{"label":"Close","value":"120.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.53","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"127.6","className":"is-ohlc","compact":true},{"label":"High","value":"129.2","className":"is-ohlc","compact":true},{"label":"Low","value":"116.0","className":"is-ohlc","compact":true},{"label":"Close","value":"121.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.36","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"143.9","className":"is-ohlc","compact":true},{"label":"High","value":"146.7","className":"is-ohlc","compact":true},{"label":"Low","value":"134.4","className":"is-ohlc","compact":true},{"label":"Close","value":"140.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"135.1","className":"is-ohlc","compact":true},{"label":"High","value":"139.5","className":"is-ohlc","compact":true},{"label":"Low","value":"130.6","className":"is-ohlc","compact":true},{"label":"Close","value":"132.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.28","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"132.9","className":"is-ohlc","compact":true},{"label":"High","value":"133.0","className":"is-ohlc","compact":true},{"label":"Low","value":"120.0","className":"is-ohlc","compact":true},{"label":"Close","value":"121.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.11","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"122.1","className":"is-ohlc","compact":true},{"label":"High","value":"125.0","className":"is-ohlc","compact":true},{"label":"Low","value":"108.6","className":"is-ohlc","compact":true},{"label":"Close","value":"111.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.09","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"108.1","className":"is-ohlc","compact":true},{"label":"High","value":"111.5","className":"is-ohlc","compact":true},{"label":"Low","value":"97.1","className":"is-ohlc","compact":true},{"label":"Close","value":"100.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.42","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"100.9","className":"is-ohlc","compact":true},{"label":"High","value":"112.2","className":"is-ohlc","compact":true},{"label":"Low","value":"98.0","className":"is-ohlc","compact":true},{"label":"Close","value":"111.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.67","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"110.3","className":"is-ohlc","compact":true},{"label":"High","value":"111.0","className":"is-ohlc","compact":true},{"label":"Low","value":"103.6","className":"is-ohlc","compact":true},{"label":"Close","value":"107.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.78","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"111.5","className":"is-ohlc","compact":true},{"label":"High","value":"123.9","className":"is-ohlc","compact":true},{"label":"Low","value":"106.7","className":"is-ohlc","compact":true},{"label":"Close","value":"117.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.73","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[88.051208,176.266419],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.729415,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price 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 improved this week but 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":31,"relationship":{"sameWeekCorrelation":0.41,"forwardCorrelation":-0.71,"directionalAgreement":34.6,"sample":26,"correlationSample":30,"label":"Meaningful 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":38.1,"averageReturn":38.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":30.4,"averageReturn":30.4,"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":16.8,"sample":1},{"week":2,"averageReturn":29.0,"sample":1},{"week":3,"averageReturn":36.4,"sample":1},{"week":4,"averageReturn":38.1,"sample":1},{"week":5,"averageReturn":61.1,"sample":1},{"week":6,"averageReturn":74.4,"sample":1},{"week":7,"averageReturn":84.9,"sample":1},{"week":8,"averageReturn":50.1,"sample":1},{"week":9,"averageReturn":54.0,"sample":1},{"week":10,"averageReturn":34.1,"sample":1},{"week":11,"averageReturn":29.6,"sample":1},{"week":12,"averageReturn":30.4,"sample":1},{"week":13,"averageReturn":51.8,"sample":1},{"week":14,"averageReturn":42.3,"sample":1},{"week":15,"averageReturn":30.6,"sample":1},{"week":16,"averageReturn":19.6,"sample":1},{"week":17,"averageReturn":7.9,"sample":1},{"week":18,"averageReturn":20.0,"sample":1},{"week":19,"averageReturn":15.5,"sample":1},{"week":20,"averageReturn":27.1,"sample":1},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-29.9,"averageReturn":-29.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-37.5,"averageReturn":-37.5,"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":-18.8,"sample":1},{"week":2,"averageReturn":-16.7,"sample":1},{"week":3,"averageReturn":-27.5,"sample":1},{"week":4,"averageReturn":-29.9,"sample":1},{"week":5,"averageReturn":-29.5,"sample":1},{"week":6,"averageReturn":-17.9,"sample":1},{"week":7,"averageReturn":-23.1,"sample":1},{"week":8,"averageReturn":-29.3,"sample":1},{"week":9,"averageReturn":-35.3,"sample":1},{"week":10,"averageReturn":-41.6,"sample":1},{"week":11,"averageReturn":-35.1,"sample":1},{"week":12,"averageReturn":-37.5,"sample":1},{"week":13,"averageReturn":-31.3,"sample":1},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":33.9,"averageExpectedMove":33.9,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-3.5,"medianReturn":-3.5,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-13.4,"medianReturn":-13.4,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":4.2,"sample":2},{"week":2,"averageReturn":5.2,"sample":2},{"week":3,"averageReturn":4.9,"sample":2},{"week":4,"averageReturn":-3.5,"sample":2},{"week":5,"averageReturn":-3.6,"sample":2},{"week":6,"averageReturn":-6.8,"sample":2},{"week":7,"averageReturn":-6.2,"sample":1},{"week":8,"averageReturn":-5.5,"sample":1},{"week":9,"averageReturn":9.9,"sample":1},{"week":10,"averageReturn":3.0,"sample":1},{"week":11,"averageReturn":-5.4,"sample":1},{"week":12,"averageReturn":-13.4,"sample":1},{"week":13,"averageReturn":-21.9,"sample":1},{"week":14,"averageReturn":-13.1,"sample":1},{"week":15,"averageReturn":-16.3,"sample":1},{"week":16,"averageReturn":-8.0,"sample":1},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":12.7,"averageExpectedMove":12.7,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":4.1,"medianReturn":4.1,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":34.4,"medianReturn":34.4,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.5,"sample":2},{"week":2,"averageReturn":-3.1,"sample":2},{"week":3,"averageReturn":-8.1,"sample":2},{"week":4,"averageReturn":4.1,"sample":2},{"week":5,"averageReturn":12.6,"sample":1},{"week":6,"averageReturn":19.0,"sample":1},{"week":7,"averageReturn":20.5,"sample":1},{"week":8,"averageReturn":40.6,"sample":1},{"week":9,"averageReturn":52.2,"sample":1},{"week":10,"averageReturn":61.4,"sample":1},{"week":11,"averageReturn":31.0,"sample":1},{"week":12,"averageReturn":34.4,"sample":1},{"week":13,"averageReturn":17.0,"sample":1},{"week":14,"averageReturn":13.1,"sample":1},{"week":15,"averageReturn":13.8,"sample":1},{"week":16,"averageReturn":32.5,"sample":1},{"week":17,"averageReturn":24.2,"sample":1},{"week":18,"averageReturn":14.0,"sample":1},{"week":19,"averageReturn":4.4,"sample":1},{"week":20,"averageReturn":-5.8,"sample":1},{"week":21,"averageReturn":4.7,"sample":1},{"week":22,"averageReturn":0.8,"sample":1},{"week":23,"averageReturn":10.9,"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":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":10.5,"averageExpectedMove":10.5,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":38.0,"medianReturn":38.0,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":30.0,"medianReturn":30.0,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":10.5,"sample":1},{"week":2,"averageReturn":16.8,"sample":1},{"week":3,"averageReturn":18.3,"sample":1},{"week":4,"averageReturn":38.0,"sample":1},{"week":5,"averageReturn":49.4,"sample":1},{"week":6,"averageReturn":58.3,"sample":1},{"week":7,"averageReturn":28.5,"sample":1},{"week":8,"averageReturn":31.9,"sample":1},{"week":9,"averageReturn":14.8,"sample":1},{"week":10,"averageReturn":11.0,"sample":1},{"week":11,"averageReturn":11.7,"sample":1},{"week":12,"averageReturn":30.0,"sample":1},{"week":13,"averageReturn":21.8,"sample":1},{"week":14,"averageReturn":11.9,"sample":1},{"week":15,"averageReturn":2.5,"sample":1},{"week":16,"averageReturn":-7.6,"sample":1},{"week":17,"averageReturn":2.7,"sample":1},{"week":18,"averageReturn":-1.0,"sample":1},{"week":19,"averageReturn":8.8,"sample":1},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":18.4,"averageExpectedMove":18.4,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-13.1,"medianReturn":-13.1,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":18.4,"medianReturn":18.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-13.8,"medianReturn":-13.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-9.3,"sample":2},{"week":2,"averageReturn":-19.3,"sample":2},{"week":3,"averageReturn":-18.8,"sample":2},{"week":4,"averageReturn":-13.1,"sample":2},{"week":5,"averageReturn":-17.5,"sample":2},{"week":6,"averageReturn":-23.7,"sample":2},{"week":7,"averageReturn":-21.5,"sample":2},{"week":8,"averageReturn":-21.2,"sample":2},{"week":9,"averageReturn":-14.8,"sample":2},{"week":10,"averageReturn":-15.6,"sample":2},{"week":11,"averageReturn":-4.1,"sample":2},{"week":12,"averageReturn":18.4,"sample":1},{"week":13,"averageReturn":25.5,"sample":1},{"week":14,"averageReturn":1.9,"sample":1},{"week":15,"averageReturn":4.5,"sample":1},{"week":16,"averageReturn":-9.0,"sample":1},{"week":17,"averageReturn":-12.1,"sample":1},{"week":18,"averageReturn":-11.5,"sample":1},{"week":19,"averageReturn":3.0,"sample":1},{"week":20,"averageReturn":-3.4,"sample":1},{"week":21,"averageReturn":-11.3,"sample":1},{"week":22,"averageReturn":-18.8,"sample":1},{"week":23,"averageReturn":-26.8,"sample":1},{"week":24,"averageReturn":-18.6,"sample":1},{"week":25,"averageReturn":-21.6,"sample":1},{"week":26,"averageReturn":-13.8,"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":"strengthening","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":0.0,"averageReturn":30.0,"sample":1},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price 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, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 30.0% across 1 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 10.5% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[131.8,163.0,160.3,150.3,152.3,167.6,185.5,167.1,163.0,170.0,189.0,181.0,195.2,177.3,164.9,163.9,158.0,153.0,140.6,124.2,132.7,131.5,126.7,119.1,124.2,138.3,130.0,137.0,137.4,135.9,130.7,145.9,136.7,128.9,105.7,106.3,102.9,99.35,92.777,108.331,119.661,126.5186,128.1088,149.4769,161.8008,171.5406,139.2401,142.9,124.4,120.2,121.0,140.8,132.0,121.2,111.0,100.1,111.3,107.2,117.9],"consensus":[-51.8987,58.0563,-10.9755,-36.656,41.6495,47.0564,62.5412,0.0,0.0,33.6468,48.7151,0.0,53.2468,-11.8009,-33.2311,-13.4523,-35.5713,-28.8509,-50.5868,-64.2286,-18.3004,-30.8903,-38.4225,-49.9805,-9.8613,22.8221,-29.9971,25.697,0.0,0.0,-20.4717,44.7086,-14.9882,-36.5778,-64.8599,-31.5662,-43.0103,-38.9492,-49.1975,16.553,35.153,35.8023,25.0766,64.7759,59.7675,60.8843,-26.2483,8.5692,-29.6254,-35.1567,-23.3821,21.6462,-11.409,-32.133,-46.7167,-54.3059,0.0,-30.5775,-19.6524],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[0.0,0.0,38.4452,40.2849,0.0,50.1397,-24.4879,-28.4067,-4.9437,-33.4167,-23.5926,-54.3145,-69.7265,-10.8582,-25.8938,-37.2913,-61.9602,-2.4839,26.9337,-31.4926,17.9571,0.0,0.0,-19.4571,40.2887,-21.3482,-35.5452,-60.3876,-26.587,-42.912,-36.179,-55.2542,19.1145,27.7841,28.3076,16.3215,59.1783,49.371,53.6316,-35.8829,11.7778,-27.3435,-34.6218,-21.5067,28.021,-22.9967,-44.1932,-50.18,-55.8479,0.0,-28.6531,-17.0293],"force":[0.0,0.0,29.0116,66.0979,0.0,42.2127,-40.2711,-44.3261,-6.8062,-37.2588,-22.3903,-45.2813,-59.7619,-17.5965,-10.9265,-25.3159,-36.547,-17.5734,50.8962,-45.386,61.0116,0.0,0.0,-32.583,79.1049,-21.746,-56.2473,-87.0062,-7.3898,-25.8098,-19.031,-32.9685,59.9105,67.7265,47.1243,19.8975,83.2345,71.5591,64.7382,-80.2321,0.9121,-28.9234,-31.3407,-14.1498,23.6069,-19.7451,-35.1837,-53.0082,-50.4386,0.0,-19.8156,-49.8686],"direction":[0.0,0.0,31.4736,45.9333,0.0,64.6792,-23.0344,-30.8197,-27.9236,-36.8282,-39.4753,-50.1163,-61.1357,-52.4465,-50.8604,-49.0773,-45.8849,-43.5664,1.9297,-17.2958,9.3178,0.0,0.0,-12.9804,25.1909,-2.8928,-23.7082,-54.1522,-54.5257,-55.4089,-56.3423,-53.8679,17.3442,20.3077,36.2805,38.7817,57.9884,63.2267,66.4202,-23.3226,10.3717,-32.7347,-38.4937,-32.1198,12.9601,-7.7883,-16.1708,-38.2648,-55.3061,0.0,-40.4639,-1.0673],"intensity":[71.4286,37.5,22.2222,100.0,81.8182,33.3333,61.5385,71.4286,46.6667,12.5,29.4118,27.7778,52.6316,20.0,4.7619,13.6364,26.087,8.3333,68.0,30.7692,25.9259,28.5714,6.8966,13.3333,61.2903,46.875,42.4242,94.1176,48.5714,8.3333,24.3243,23.6842,69.2308,60.0,53.6585,7.1429,90.6977,95.4545,42.2222,97.8261,97.8723,83.3333,16.3265,2.0,80.3922,38.4615,48.0769,50.0,53.8462,46.1538,17.3077,55.7692],"confirmation":[34.3868,5.0351,78.5526,84.2471,31.4283,84.75,32.0313,79.0456,26.8985,79.4671,77.1155,83.9693,88.3332,31.2961,77.3526,79.913,83.4018,6.7865,53.841,78.0453,77.4172,47.4723,47.5076,74.9355,83.4224,50.2386,80.3201,89.4983,54.7736,81.2406,79.8989,83.1563,32.946,80.354,79.916,76.0001,89.3761,87.6434,87.7109,37.54,47.7932,77.4935,79.142,75.2295,74.8894,50.7232,78.1918,83.0883,85.2365,32.8489,77.4861,52.583],"persistence":[12.5,25.0,25.0,50.0,62.5,62.5,37.5,12.5,0.0,12.5,37.5,62.5,75.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,37.5,25.0,25.0,0.0,0.0,25.0,25.0,50.0,62.5,75.0,75.0,75.0,50.0,25.0,0.0,25.0,50.0,75.0,75.0,75.0,50.0,25.0,0.0,0.0,25.0,50.0,50.0,75.0,62.5,62.5,37.5],"assessmentRisk":[39.9857,26.5879,8.5992,12.4491,34.6739,22.3975,28.7952,31.0416,36.6808,31.9303,33.3978,22.7875,17.7894,39.7694,32.4493,23.5918,1.1762,31.5422,20.1462,33.7255,35.7502,42.8086,10.7828,14.4069,15.779,3.1259,16.9355,16.8795,34.1791,28.3854,30.2917,20.62,1.8681,28.7919,31.5497,37.3448,17.5146,20.0447,19.5201,45.2766,27.8778,34.7033,32.3541,31.4332,17.9861,29.7797,19.4951,6.2834,22.4315,46.3948,24.1459,14.1794],"volumeParticipation":true,"latest":{"consensus":-19.7,"control":-17.0,"force":-49.9,"direction":-1.1,"confirmation":52.6,"persistence":37.5,"assessmentRisk":14.2,"intensity":55.8,"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 easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-19.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-17.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-49.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-1.1","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"53/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.4","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"14.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"15.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"29%","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":[131.8,163.0,160.3,150.3,152.3,167.6,185.5,167.1,163.0,170.0,189.0,181.0,195.2,177.3,164.9,163.9,158.0,153.0,140.6,124.2,132.7,131.5,126.7,119.1,124.2,138.3,130.0,137.0,137.4,135.9,130.7,145.9,136.7,128.9,105.7,106.3,102.9,99.35,92.777,108.331,119.661,126.5186,128.1088,149.4769,161.8008,171.5406,139.2401,142.9,124.4,120.2,121.0,140.8,132.0,121.2,111.0,100.1,111.3,107.2,117.9],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,144.8552,148.9906,155.6287,157.7144,158.6754,160.7344,165.8736,168.6239,173.4559,174.1548,172.4721,170.9136,168.5656,165.7355,161.1654,154.4444,150.4909,147.038,143.3402,138.9329,136.2542,136.6261,135.4214,135.7084,136.016,135.9949,135.0322,137.0081,136.9521,135.4881,130.0721,125.7499,121.5954,117.5507,113.0464,112.1891,113.5476,115.906,118.1247,123.8251,130.7297,138.1499,138.3481,139.1757,136.4892,133.5276,131.2498,132.9862,132.8069,130.6966,127.1154,122.2035,120.221,117.8536,117.862],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,156.7569,158.2786,158.7691,159.1492,159.0641,158.6149,157.2804,154.83,153.1908,151.584,149.7408,147.4711,145.7473,145.1957,144.0701,143.5463,143.0911,142.5584,141.68,141.9926,141.6005,140.6598,138.0701,135.7168,133.2859,130.7722,127.9577,126.5039,125.997,126.0356,126.1892,127.9142,130.4243,133.47,133.8974,134.5642,133.8113,132.8031,131.9288,132.5859,132.5425,131.7023,130.1688,127.9415,126.7088,125.2637,124.7182],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,188.0214,193.9072,195.6149,200.8393,200.7318,199.4524,198.2617,197.1246,196.199,196.2282,198.1916,198.0798,199.0832,200.3246,202.3263,203.2961,202.2124,198.5116,196.965,195.7006,193.3833,186.9088,181.7882,170.6617,163.4058,160.9986,157.4356,154.8163,152.9104,153.5611,153.5861,152.6739,152.2146,152.3302,155.9935,161.8489,168.3845,169.1474,169.7752,168.9535,168.1236,167.6847,167.0083,166.5849,166.2323,166.0371,166.4212,166.0598,165.5383,163.8861],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,134.1586,133.3474,134.5351,133.9454,135.4682,136.321,137.0133,137.0165,136.3787,133.6455,127.6084,127.8102,123.6568,119.0554,113.9337,110.1539,108.3076,106.4584,104.995,103.6994,102.6067,103.2512,104.8618,110.1383,112.5542,109.0414,106.8444,103.9537,100.4946,95.0616,93.4497,93.058,93.0192,93.0444,92.4188,90.3235,87.112,87.2731,87.2353,86.757,86.0169,85.4857,85.6521,85.6056,85.1882,85.9134,84.9092,86.1107,87.4172,91.5817],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,9.1686,-1.1476,-10.1557,-18.5058,-28.5533,-19.3767,-19.966,-14.1351],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-1.6564,-7.7914,-6.5644,0.0,0.0,-9.9191,-12.1294,-8.3558,0.0,-4.2328,0.0,-9.1701,-15.5225,-16.0348,-19.0574,-21.6189,-27.9713,-36.373,-32.0184,-32.6332,-35.0922,-38.9857,-36.373,-29.1496,-33.4016,-29.8156,-29.6107,-30.3791,-33.043,-25.2561,-29.9693,-33.9652,-45.8504,-45.543,-47.2848,-49.1035,-52.4708,-44.5026,-38.6983,-35.1851,-34.3705,-23.4237,-17.1103,-12.1206,-28.668,-26.793,-36.2705,-38.4221,-38.0123,-27.8688,-32.377,-37.9098,-43.1352,-48.7193,-42.9816,-45.082,-39.6004],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,26.783,23.6722,28.9833,43.3991,37.3293,48.1032,34.522,25.1138,24.3551,19.8786,16.085,6.6768,0.0,6.8438,5.8776,2.0129,0.0,4.2821,16.1209,9.152,15.0294,15.3652,14.1058,9.7397,22.5021,14.7775,8.2284,0.0,0.5676,0.0,0.0,0.0,16.7649,28.977,36.3685,38.0825,61.1141,74.3974,84.8956,50.0804,54.0252,34.0849,29.5579,30.4202,51.7617,42.2766,30.6358,19.6417,7.8931,19.9651,15.5458,27.0789],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,62.2612,55.7325,66.879,61.9919,53.8618,68.2927,50.1016,37.5,36.4837,30.4878,25.4065,12.8049,0.6803,8.9407,7.7745,4.6845,0.0,4.753,17.8938,10.1584,16.6822,17.055,15.657,10.8108,24.9767,16.4026,9.1333,6.6512,7.1152,5.3754,3.0734,1.1815,17.8668,33.6562,41.8333,51.8979,87.1957,86.0267,90.3588,51.7204,55.6801,35.6648,31.1208,31.9863,53.4081,43.8873,32.2027,21.1672,9.3744,21.4918,17.056,28.6324],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-12.4214,-14.5702,-10.9015,-16.5194,-20.053,-13.7809,-21.6873,-27.1643,-27.606,-30.212,-32.4205,-37.8975,-45.1413,-41.3869,-41.917,-44.0371,-47.394,-45.1413,-38.9134,-42.5795,-39.4876,-39.311,-39.9735,-42.2703,-35.5565,-39.6201,-43.0654,-53.3127,-53.0477,-49.8049,-51.5366,-54.7429,-41.7575,-31.7393,-27.8274,-20.9693,-5.3944,-6.5978,-4.7461,-24.2703,-22.2797,-32.3415,-34.6258,-34.1907,-23.4219,-28.208,-34.0819,-39.6294,-45.5577,-39.4663,-41.6962,-35.8767],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,30.5469,27.3438,32.8125,47.6562,41.4062,52.5,38.5156,28.8281,28.0469,23.4375,19.5312,9.8438,0.5668,7.4494,6.4777,4.023,0.0,4.2821,16.1209,9.152,15.0294,15.3652,14.1058,9.7397,22.5021,14.7775,8.2284,8.8568,9.4748,5.9732,3.4896,1.4674,18.4783,30.8696,38.3696,40.1087,63.4783,76.9565,87.6087,52.2826,56.2853,36.0525,31.4591,32.334,53.9887,44.3644,32.5527,21.3973,9.4763,21.7254,17.2414,28.9436],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,13.6722,13.2076,11.7038,10.3126,8.6343,6.8222,4.3356,1.0297,-0.8941,-2.4869,-4.0893,-5.9045,-6.8525,-6.3923,-6.6211,-6.1665,-5.7081,-5.4036,-5.5182,-4.3326,-4.0883,-4.4724,-6.5732,-8.0963,-9.4686,-10.719,-12.1009,-11.8049,-10.5346,-8.8723,-7.3419,-4.3547,-0.9816,2.4494,2.5329,2.8613,1.6103,0.2768,-0.7074,0.1091,0.0456,-0.8662,-2.3844,-4.4162,-5.0644,-5.8415,-5.5302],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,11.8276,10.8265,9.5283,7.8286,6.0841,4.3699,2.678,0.9615,-0.6013,-1.7595,-2.7318,-3.4187,-3.8766,-4.182,-4.4492,-4.4259,-4.3584,-4.3812,-4.8196,-5.4749,-6.2737,-7.1627,-8.1504,-8.8813,-9.2119,-9.144,-8.7836,-7.8978,-6.5146,-4.7218,-3.2708,-2.0444,-1.3135,-0.9954,-0.9378,-0.7284,-0.5736,-0.6321,-0.9826,-1.6693,-2.3483,-3.047,-3.5436],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-3.1932,-4.0043,-5.1927,-6.7989,-6.9782,-6.8567,-6.7674,-6.866,-6.2512,-4.6329,-3.8893,-2.7477,-1.8315,-1.2216,-1.069,0.0933,0.2701,-0.0913,-1.7536,-2.6214,-3.1949,-3.5563,-3.9505,-2.9236,-1.3227,0.2717,1.4417,3.5431,5.533,7.1712,5.8037,4.9057,2.9238,1.2722,0.2304,0.8376,0.6192,-0.2341,-1.4018,-2.7469,-2.716,-2.7945,-1.9866],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,32.6982,30.7471,29.319,27.5648,25.696,24.9831,24.3212,22.782,22.977,23.158,23.3261,23.723,24.3593,23.5403,22.0822,21.1371,20.5624,20.945,22.182,23.5877,23.2739,22.9727,21.4951,20.431,19.3158,19.2043,18.8416,17.8145,16.8899,16.6348,16.3512,16.088,14.961],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,22.8964,21.1929,20.2495,21.2518,19.9121,18.6658,17.432,16.4587,15.9517,15.1638,14.7064,14.3626,20.4733,19.7998,18.5954,19.6365,18.4696,17.3664,21.1531,20.1599,18.8306,16.3378,15.1966,14.4999,13.9899,13.4784,18.6446,23.3362,24.6159,24.453,27.9064,33.2476,33.3207,27.9555,27.021,24.7945,25.5616,24.2583,28.492,27.3624,25.9504,24.2502,22.8308,21.7867,21.069,25.0287],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,5.1363,9.2444,11.4297,10.743,14.8538,15.2454,20.0083,18.8912,18.3093,19.5327,20.0151,19.5472,18.0765,16.7494,16.6954,15.8232,16.7914,16.8865,15.4071,14.6838,17.8145,27.5287,25.6059,24.4319,25.3535,26.5351,24.1636,21.921,20.6126,18.7917,16.418,14.8457,13.6555,18.9517,18.3708,23.6864,22.3973,22.0278,19.9003,20.5883,23.7337,26.733,29.8467,28.1058,27.18,25.1844],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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/d524913c-c8f8-4875-9097-19fe24c89cd4/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d524913c-c8f8-4875-9097-19fe24c89cd4/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d524913c-c8f8-4875-9097-19fe24c89cd4/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d524913c-c8f8-4875-9097-19fe24c89cd4/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d524913c-c8f8-4875-9097-19fe24c89cd4/technical-pack/data.json"},"source_fingerprint":"81595eee50a088106912aee6f891be48a6df08c21d552295cf15aed15ea3dd09","content_hash":"337ce49f62d329de3e01de7900ae4c40164d7dc2f48227059deceb756664e726","citation":"Sharemaestro, 1304 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d524913c-c8f8-4875-9097-19fe24c89cd4/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."}