{"schema_version":"1.0","name":"3170 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d5ef4f09-ed8f-42f1-92ce-e685f5710ebb","symbol":"3170","name":"Hang Seng Investment Funds Series V - Hang Seng Gold Etf","exchange":"HKG","country":"HK","asset_type":"etf","currency":"HKD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Range pressure and compression, Directional strength and control, Range position and boundary pressure, Drawdown and recovery pressure."},{"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":28,"displayedObservations":28,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[15.76,15.74,16.280001,16.84,16.1,16.0,14.2,14.09,15.18,14.91,15.08,14.82,14.55,14.87,14.34,14.38,14.09,13.2,13.5,12.76,13.1,13.0,12.7,12.63,12.8,12.85,13.7,13.89],"highs":[16.01,15.98,16.43,17.1,16.469999,16.0,14.53,15.02,15.28,15.35,15.2,14.93,14.99,15.0,14.43,14.38,14.1,13.35,13.7,12.77,13.25,13.05,12.7,13.08,12.99,13.59,14.02,14.43],"lows":[15.6,15.71,16.17,16.15,15.95,14.72,12.95,14.05,14.83,14.87,14.75,14.35,14.32,14.39,14.07,13.8,13.99,13.18,13.5,12.57,13.1,12.97,12.55,12.62,12.69,12.8,13.63,13.68],"closes":[15.71,15.88,16.35,16.280001,16.049999,14.9,14.04,14.66,15.0,15.08,14.82,14.55,14.87,14.43,14.28,14.3,14.09,13.25,13.52,12.73,13.17,12.98,12.62,12.79,12.85,13.57,13.74,14.41],"hoverRows":[[{"label":"Open","value":"15.8","className":"is-ohlc","compact":true},{"label":"High","value":"16.0","className":"is-ohlc","compact":true},{"label":"Low","value":"15.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"15.7","className":"is-ohlc","compact":true},{"label":"High","value":"16.0","className":"is-ohlc","compact":true},{"label":"Low","value":"15.7","className":"is-ohlc","compact":true},{"label":"Close","value":"15.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"16.3","className":"is-ohlc","compact":true},{"label":"High","value":"16.4","className":"is-ohlc","compact":true},{"label":"Low","value":"16.2","className":"is-ohlc","compact":true},{"label":"Close","value":"16.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.8","className":"is-ohlc","compact":true},{"label":"High","value":"17.1","className":"is-ohlc","compact":true},{"label":"Low","value":"16.1","className":"is-ohlc","compact":true},{"label":"Close","value":"16.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.1","className":"is-ohlc","compact":true},{"label":"High","value":"16.5","className":"is-ohlc","compact":true},{"label":"Low","value":"15.9","className":"is-ohlc","compact":true},{"label":"Close","value":"16.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.0","className":"is-ohlc","compact":true},{"label":"High","value":"16.0","className":"is-ohlc","compact":true},{"label":"Low","value":"14.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.2","className":"is-ohlc","compact":true},{"label":"High","value":"14.5","className":"is-ohlc","compact":true},{"label":"Low","value":"12.9","className":"is-ohlc","compact":true},{"label":"Close","value":"14.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.0","className":"is-ohlc","compact":true},{"label":"Low","value":"14.1","className":"is-ohlc","compact":true},{"label":"Close","value":"14.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"14.8","className":"is-ohlc","compact":true},{"label":"Close","value":"15.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.9","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"14.9","className":"is-ohlc","compact":true},{"label":"Close","value":"15.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"14.8","className":"is-ohlc","compact":true},{"label":"Close","value":"14.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.8","className":"is-ohlc","compact":true},{"label":"High","value":"14.9","className":"is-ohlc","compact":true},{"label":"Low","value":"14.3","className":"is-ohlc","compact":true},{"label":"Close","value":"14.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.6","className":"is-ohlc","compact":true},{"label":"High","value":"15.0","className":"is-ohlc","compact":true},{"label":"Low","value":"14.3","className":"is-ohlc","compact":true},{"label":"Close","value":"14.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.9","className":"is-ohlc","compact":true},{"label":"High","value":"15.0","className":"is-ohlc","compact":true},{"label":"Low","value":"14.4","className":"is-ohlc","compact":true},{"label":"Close","value":"14.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.3","className":"is-ohlc","compact":true},{"label":"High","value":"14.4","className":"is-ohlc","compact":true},{"label":"Low","value":"14.1","className":"is-ohlc","compact":true},{"label":"Close","value":"14.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.4","className":"is-ohlc","compact":true},{"label":"High","value":"14.4","className":"is-ohlc","compact":true},{"label":"Low","value":"13.8","className":"is-ohlc","compact":true},{"label":"Close","value":"14.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.1","className":"is-ohlc","compact":true},{"label":"High","value":"14.1","className":"is-ohlc","compact":true},{"label":"Low","value":"14.0","className":"is-ohlc","compact":true},{"label":"Close","value":"14.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.2","className":"is-ohlc","compact":true},{"label":"High","value":"13.3","className":"is-ohlc","compact":true},{"label":"Low","value":"13.2","className":"is-ohlc","compact":true},{"label":"Close","value":"13.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.5","className":"is-ohlc","compact":true},{"label":"High","value":"13.7","className":"is-ohlc","compact":true},{"label":"Low","value":"13.5","className":"is-ohlc","compact":true},{"label":"Close","value":"13.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.8","className":"is-ohlc","compact":true},{"label":"High","value":"12.8","className":"is-ohlc","compact":true},{"label":"Low","value":"12.6","className":"is-ohlc","compact":true},{"label":"Close","value":"12.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.1","className":"is-ohlc","compact":true},{"label":"High","value":"13.2","className":"is-ohlc","compact":true},{"label":"Low","value":"13.1","className":"is-ohlc","compact":true},{"label":"Close","value":"13.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.0","className":"is-ohlc","compact":true},{"label":"High","value":"13.1","className":"is-ohlc","compact":true},{"label":"Low","value":"13.0","className":"is-ohlc","compact":true},{"label":"Close","value":"13.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.7","className":"is-ohlc","compact":true},{"label":"High","value":"12.7","className":"is-ohlc","compact":true},{"label":"Low","value":"12.6","className":"is-ohlc","compact":true},{"label":"Close","value":"12.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.6","className":"is-ohlc","compact":true},{"label":"High","value":"13.1","className":"is-ohlc","compact":true},{"label":"Low","value":"12.6","className":"is-ohlc","compact":true},{"label":"Close","value":"12.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.8","className":"is-ohlc","compact":true},{"label":"High","value":"13.0","className":"is-ohlc","compact":true},{"label":"Low","value":"12.7","className":"is-ohlc","compact":true},{"label":"Close","value":"12.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.8","className":"is-ohlc","compact":true},{"label":"High","value":"13.6","className":"is-ohlc","compact":true},{"label":"Low","value":"12.8","className":"is-ohlc","compact":true},{"label":"Close","value":"13.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.7","className":"is-ohlc","compact":true},{"label":"High","value":"14.0","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"13.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.9","className":"is-ohlc","compact":true},{"label":"High","value":"14.4","className":"is-ohlc","compact":true},{"label":"Low","value":"13.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[12.3962,16.5738],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":28,"relationship":{"sample":0,"correlationSample":27,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.5,"medianWeeksInZone":1.5,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":4.7,"averageReturn":4.7,"confidenceLow":34.2,"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":2.4,"sample":2},{"week":2,"averageReturn":1.9,"sample":2},{"week":3,"averageReturn":3.3,"sample":2},{"week":4,"averageReturn":4.7,"sample":2},{"week":5,"averageReturn":7.6,"sample":2},{"week":6,"averageReturn":6.6,"sample":1},{"week":7,"averageReturn":7.9,"sample":1},{"week":8,"averageReturn":13.2,"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}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-14.1,"averageReturn":-14.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-12.7,"averageReturn":-12.7,"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":-0.4,"sample":1},{"week":2,"averageReturn":-1.8,"sample":1},{"week":3,"averageReturn":-8.9,"sample":1},{"week":4,"averageReturn":-14.1,"sample":1},{"week":5,"averageReturn":-10.3,"sample":1},{"week":6,"averageReturn":-8.3,"sample":1},{"week":7,"averageReturn":-7.8,"sample":1},{"week":8,"averageReturn":-9.4,"sample":1},{"week":9,"averageReturn":-11.0,"sample":1},{"week":10,"averageReturn":-9.1,"sample":1},{"week":11,"averageReturn":-11.7,"sample":1},{"week":12,"averageReturn":-12.7,"sample":1},{"week":13,"averageReturn":-12.5,"sample":1},{"week":14,"averageReturn":-13.8,"sample":1},{"week":15,"averageReturn":-19.0,"sample":1},{"week":16,"averageReturn":-17.3,"sample":1},{"week":17,"averageReturn":-22.1,"sample":1},{"week":18,"averageReturn":-19.4,"sample":1},{"week":19,"averageReturn":-20.6,"sample":1},{"week":20,"averageReturn":-22.8,"sample":1},{"week":21,"averageReturn":-21.8,"sample":1},{"week":22,"averageReturn":-21.4,"sample":1},{"week":23,"averageReturn":-17.0,"sample":1},{"week":24,"averageReturn":-16.0,"sample":1},{"week":25,"averageReturn":-11.9,"sample":1},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":3.7,"averageExpectedMove":3.7,"averageWeeksToLargestMove":4.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":0.6,"medianReturn":-4.3,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-13.1,"medianReturn":-13.1,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.8,"sample":4},{"week":2,"averageReturn":-0.9,"sample":4},{"week":3,"averageReturn":-0.9,"sample":3},{"week":4,"averageReturn":0.6,"sample":3},{"week":5,"averageReturn":-5.7,"sample":2},{"week":6,"averageReturn":-6.4,"sample":2},{"week":7,"averageReturn":-8.0,"sample":2},{"week":8,"averageReturn":-9.7,"sample":2},{"week":9,"averageReturn":-10.2,"sample":2},{"week":10,"averageReturn":-13.3,"sample":2},{"week":11,"averageReturn":-11.8,"sample":2},{"week":12,"averageReturn":-13.1,"sample":2},{"week":13,"averageReturn":-16.9,"sample":2},{"week":14,"averageReturn":-15.5,"sample":2},{"week":15,"averageReturn":-17.7,"sample":2},{"week":16,"averageReturn":-14.0,"sample":2},{"week":17,"averageReturn":-14.0,"sample":2},{"week":18,"averageReturn":-12.9,"sample":2},{"week":19,"averageReturn":-20.3,"sample":1},{"week":20,"averageReturn":-19.9,"sample":1},{"week":21,"averageReturn":-15.5,"sample":1},{"week":22,"averageReturn":-14.4,"sample":1},{"week":23,"averageReturn":-10.2,"sample":1},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":1.7,"averageExpectedMove":1.7,"averageWeeksToLargestMove":2.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-0.3,"medianReturn":-0.3,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-11.6,"medianReturn":-11.6,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.7,"sample":3},{"week":2,"averageReturn":1.5,"sample":3},{"week":3,"averageReturn":3.7,"sample":3},{"week":4,"averageReturn":-0.3,"sample":2},{"week":5,"averageReturn":-1.8,"sample":2},{"week":6,"averageReturn":-5.6,"sample":2},{"week":7,"averageReturn":-3.6,"sample":2},{"week":8,"averageReturn":-7.8,"sample":2},{"week":9,"averageReturn":-6.8,"sample":2},{"week":10,"averageReturn":-7.4,"sample":2},{"week":11,"averageReturn":-9.4,"sample":2},{"week":12,"averageReturn":-11.6,"sample":2},{"week":13,"averageReturn":-10.5,"sample":2},{"week":14,"averageReturn":-10.6,"sample":2},{"week":15,"averageReturn":-8.6,"sample":2},{"week":16,"averageReturn":-6.9,"sample":2},{"week":17,"averageReturn":-15.3,"sample":1},{"week":18,"averageReturn":-14.2,"sample":1},{"week":19,"averageReturn":-13.8,"sample":1},{"week":20,"averageReturn":-8.9,"sample":1},{"week":21,"averageReturn":-7.8,"sample":1},{"week":22,"averageReturn":-3.3,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":10.6,"averageExpectedMove":10.6,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":2.2,"medianReturn":2.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-5.3,"medianReturn":-5.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-12.5,"medianReturn":-12.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.1,"sample":1},{"week":2,"averageReturn":4.1,"sample":1},{"week":3,"averageReturn":3.6,"sample":1},{"week":4,"averageReturn":2.2,"sample":1},{"week":5,"averageReturn":-5.2,"sample":1},{"week":6,"averageReturn":-10.6,"sample":1},{"week":7,"averageReturn":-6.7,"sample":1},{"week":8,"averageReturn":-4.5,"sample":1},{"week":9,"averageReturn":-4.0,"sample":1},{"week":10,"averageReturn":-5.7,"sample":1},{"week":11,"averageReturn":-7.4,"sample":1},{"week":12,"averageReturn":-5.3,"sample":1},{"week":13,"averageReturn":-8.1,"sample":1},{"week":14,"averageReturn":-9.1,"sample":1},{"week":15,"averageReturn":-9.0,"sample":1},{"week":16,"averageReturn":-10.3,"sample":1},{"week":17,"averageReturn":-15.7,"sample":1},{"week":18,"averageReturn":-13.9,"sample":1},{"week":19,"averageReturn":-19.0,"sample":1},{"week":20,"averageReturn":-16.2,"sample":1},{"week":21,"averageReturn":-17.4,"sample":1},{"week":22,"averageReturn":-19.7,"sample":1},{"week":23,"averageReturn":-18.6,"sample":1},{"week":24,"averageReturn":-18.2,"sample":1},{"week":25,"averageReturn":-13.6,"sample":1},{"week":26,"averageReturn":-12.5,"sample":1}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 2.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-13","price":15.71}],"reversal_dangers":[{"date":"2026-02-20","price":15.88}]}},"smTape":{"available":true,"dates":["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":[15.71,15.88,16.35,16.28,16.05,14.9,14.04,14.66,15.0,15.08,14.82,14.55,14.87,14.43,14.28,14.3,14.09,13.25,13.52,12.73,13.17,12.98,12.62,12.79,12.85,13.57,13.74,14.41],"consensus":[-46.3415,25.9259,38.4615,-42.1262,20.0562,-62.8639,-54.0421,-12.5793,-20.8461,0.0,-23.5427,-36.6281,0.0,-54.4674,-35.2829,-18.1979,-26.1624,-53.4286,-34.4624,-46.5804,-23.4357,-44.3858,-48.2166,-16.8205,-22.8318,46.75,26.3738,69.0571],"supportDates":["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":[null,null,null,null,null,-60.916,-48.2165,-5.4868,-10.5326,0.0,-40.8538,-40.7317,0.0,-53.4668,-28.3229,-10.2272,-16.5964,-56.0022,-36.6179,-40.7294,-15.642,-54.075,-48.0856,-23.1645,-21.0877,41.3618,13.1907,65.4159],"force":[-46.3415,25.9259,38.4615,-42.1262,12.3371,-53.3794,-29.0014,-32.1866,-0.7032,0.0,-22.6664,-25.917,0.0,-55.1999,-17.7618,-3.8642,-10.2215,-37.8457,-2.1451,-30.106,-10.157,-23.3316,-30.3307,-19.5767,-4.0312,92.0154,35.8575,91.6845],"direction":[null,null,null,null,43.1943,-71.8648,-78.5862,-65.202,-47.0207,0.0,-4.3845,-39.589,0.0,-55.0877,-55.7522,-43.066,-48.4814,-61.618,-55.0828,-65.0347,-56.3377,-48.3511,-61.1421,-35.5682,-44.013,20.5755,34.6662,57.0559],"intensity":[null,null,null,null,75.0,100.0,100.0,71.4286,62.5,11.1111,30.0,36.3636,33.3333,46.1538,57.1429,26.6667,31.25,82.3529,38.8889,84.2105,55.0,14.2857,45.4545,39.1304,8.3333,76.0,80.7692,66.6667],"confirmation":[37.4959,30.963,34.9744,36.147,8.885,87.8571,84.6191,10.9734,51.5474,2.4237,52.5765,79.332,30.1204,85.4671,78.8626,51.4301,76.0319,84.583,55.3436,82.4928,31.4279,81.4142,82.8862,31.0197,52.7074,84.4216,76.9295,55.0],"persistence":[null,null,33.3333,0.0,20.0,0.0,14.2857,25.0,25.0,37.5,62.5,62.5,75.0,75.0,75.0,75.0,75.0,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0],"assessmentRisk":[null,null,null,null,32.9029,15.8555,22.9515,43.2233,36.7722,16.8891,56.6284,7.7531,15.8857,16.0163,22.4581,15.6386,33.6519,22.4496,29.9801,26.6543,37.3185,8.6514,25.1052,16.1742,22.5921,20.4551,36.2879,15.3747],"volumeParticipation":true,"latest":{"consensus":69.1,"control":65.4,"force":91.7,"direction":57.1,"confirmation":55.0,"persistence":25.0,"assessmentRisk":15.4,"intensity":66.7,"evidenceDepth":100},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+69.1","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+65.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+91.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+57.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"56.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"32.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"41%","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":[15.71,15.88,16.35,16.28,16.05,14.9,14.04,14.66,15.0,15.08,14.82,14.55,14.87,14.43,14.28,14.3,14.09,13.25,13.52,12.73,13.17,12.98,12.62,12.79,12.85,13.57,13.74,14.41],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,15.9514,15.7603,15.4475,15.3043,15.249,15.2183,15.1458,15.0375,15.0071,14.9021,14.789,14.7001,14.5892,14.3457,14.1956,13.9291,13.7911,13.6436,13.4575,13.3361,13.2477,13.3063,13.3852,13.5715],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,15.3322,15.2654,15.1924,15.1263,15.0495,14.9162,14.8128,14.6585,14.5482,14.4321,14.2979,14.1862,14.0872,14.0489,14.026,14.0544],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,16.8559,16.7743,16.7156,16.6448,16.5995,16.5643,16.5233,16.4966,16.569,16.5686,16.6556,16.5902,16.4772,16.2491,15.9497,15.6362,15.5183,15.5026,15.4694],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,13.9341,13.9112,13.8377,13.846,13.7748,13.6891,13.6267,13.5375,13.2688,13.1219,12.8234,12.6348,12.4578,12.3129,12.2633,12.2568,12.2417,12.2274,12.2356],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,53.1178,32.3526,30.5667,66.4923,34.9702,54.0242,54.2365,50.0324,43.0887,4.287,10.6218,29.1931,11.4962,11.62,9.1341,20.4455,85.7045,109.5565,153.7809,234.8715,255.5705],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,70.0477,72.8824,75.3688,70.1355,67.5367,71.4033,67.6535,65.0,67.7179,67.4628,66.8622,68.4504,67.8528,68.3844,67.9736,67.1394,70.2505,74.03,78.9813,85.3649,92.6034],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,4.2896,4.2051,4.189,4.1049,4.5439,4.3729,4.8455,4.6311,4.4734,4.5157,4.3943,4.2281,4.1336,4.0248,3.9353],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,18.9783,18.6612,18.8387,18.3583,18.5997,19.0073,19.2149,19.7051,22.121,23.2171,25.9996,27.0684,27.7821,27.5631,26.132,24.2314,23.6063,23.6226,23.3439],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,34.5818,32.3526],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,13.0377,12.4794,11.6163,11.1716,9.9655,13.6523,12.1505,17.0319,16.6128,15.7175,19.628,18.8539,24.5975,28.7218,31.1728],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,26.2766,28.9578,30.1746,29.0194,35.4961,33.5663,40.6429,38.1678,38.828,41.9996,39.5442,37.9846,34.1635,32.1778,29.138],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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,41.2048,49.3976,51.3253,45.0602,38.5542,46.2651,35.6627,32.0482,32.5301,27.4699,7.2289,13.7349,3.532,13.245,9.0508,1.5385,5.2747,6.5934,22.4176,26.1538,40.8791],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-14.269,-12.2807,-11.8129,-13.3333,-14.9123,-13.0409,-15.614,-16.4912,-16.3743,-17.6023,-22.5146,-20.9357,-25.5556,-22.9825,-24.0936,-26.1988,-25.2047,-24.8538,-20.6433,-19.6491,-15.731],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,13.2046,15.8301,16.4479,14.4402,12.3552,14.8263,11.4286,10.2703,10.4247,8.8031,2.3166,4.4015,1.2729,4.7733,3.2617,0.5578,1.9124,2.3904,8.1275,9.4821,14.8207],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,-0.4281,-1.8349,-8.8685,-14.1284,-10.3364,-8.2569,-7.7676,-9.3578,-11.0092,-9.052,-11.7431,-12.6606,-12.5382,-13.8226,-18.9602,-17.3089,-22.1407,-19.4495,-20.6116,-22.8135,-21.7737,-21.4067,-17.0031,-15.9633,-11.8654],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,4.416,6.8376,7.4074,5.5556,3.6325,5.9117,2.7778,1.7094,1.8519,0.3561,0.0,2.0377,0.0,3.4564,1.9639,0.0,1.3471,1.8225,7.5277,8.8748,14.1838],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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/d5ef4f09-ed8f-42f1-92ce-e685f5710ebb/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d5ef4f09-ed8f-42f1-92ce-e685f5710ebb/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d5ef4f09-ed8f-42f1-92ce-e685f5710ebb/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d5ef4f09-ed8f-42f1-92ce-e685f5710ebb/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d5ef4f09-ed8f-42f1-92ce-e685f5710ebb/technical-pack/data.json"},"source_fingerprint":"9fc2a8df3c5763e689a2258941f7ad5599361d83978ce43b305c303170cda6ae","content_hash":"580e3e07e06a751f72ebc305c8b9960ae00024d20b549a1bab6819b04dd0d8f9","citation":"Sharemaestro, 3170 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d5ef4f09-ed8f-42f1-92ce-e685f5710ebb/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."}