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The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":75.0,"averageReturn":-0.3,"sample":4},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 75.0% of comparable cases moved lower after 12 weeks, with an average move of -0.3% across 4 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 7.0 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 13.0% across 4 completed cases, with the largest move arriving after 7.0 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 50.9%, while the average adverse move was 4.3%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-11-07","price":40.82}],"reversal_warnings":[{"date":"2025-10-31","price":50.0},{"date":"2026-01-30","price":47.900002}],"reversal_dangers":[{"date":"2025-11-07","price":40.82},{"date":"2026-02-06","price":45.599998}]}},"smTape":{"available":true,"dates":["2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[13.39,21.06,19.86,21.76,18.77,19.93,24.8,29.7,27.94,30.8,28.36,30.2,30.4,33.0,27.84,28.74,25.32,25.02,25.4,28.02,28.0,27.9,28.6,31.4,36.44,36.18,37.5,35.6,33.14,32.78,34.78,34.12,33.58,32.96,31.7,35.88,50.0,40.82,42.42,46.46,44.54,43.8,41.02,42.9,43.76,44.18,43.0,44.9,46.56,47.9,45.6,47.06,47.54,45.52,42.36,41.96,44.3,41.28,45.44,45.1,45.0149,45.6135,44.4163,45.7133,42.3013,39.9069,40.4057,41.4233,39.9667,44.44,40.96,40.54,38.68,40.94,39.1,38.1,37.0,35.46],"consensus":[0.0,100.0,-78.0487,12.641,41.8781,36.3047,78.0706,85.7404,19.6102,75.9648,15.3605,52.4778,37.2313,57.2403,-23.9276,17.7945,-41.2517,-26.6954,-8.8192,30.2491,11.9421,0.0,24.7908,52.6378,72.7956,33.5542,46.9067,0.0,-19.0032,0.0,21.6561,0.0,0.0,-10.3905,-25.6184,45.4813,77.0446,-13.1976,36.5789,58.7783,-11.1598,11.2801,-20.9174,19.5905,12.0754,18.0132,0.0,28.4447,35.2137,37.9828,0.0,26.1447,11.2363,-19.0872,-34.9929,-20.3441,11.6149,-43.3608,36.7907,0.0,11.3176,11.8021,-13.9356,15.9786,-39.5914,-38.7204,-22.5092,-22.9904,-15.9114,26.8874,-9.9084,-8.8222,-18.1767,0.0,-33.6067,-34.29,-32.6689,-46.602],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[43.5512,0.0,-16.0902,0.0,33.7495,0.0,0.0,-14.5867,-20.368,47.7116,74.6342,-25.9325,25.2827,53.7064,-7.1265,4.7815,-22.7732,31.4368,14.0888,22.8521,0.0,31.0261,38.2474,38.9525,0.0,26.644,7.0159,-17.4054,-34.6682,-13.5644,25.1767,-42.1807,34.425,0.0,16.7447,5.3635,-15.0073,19.1556,-39.6241,-35.6829,-18.6716,-22.3571,-6.7794,25.9539,-8.4044,-3.5922,-12.9654,0.0,-35.8481,-33.1218,-34.7191,-47.9007],"force":[33.7083,0.0,-47.9341,0.0,22.7785,0.0,0.0,-17.3761,-29.4325,64.1635,96.7046,-78.0377,35.748,69.4819,-53.7525,11.0467,-49.448,23.4998,5.7456,9.0305,0.0,29.3513,32.5562,34.5277,0.0,23.4287,4.0521,-40.4785,-44.1583,-11.603,27.1421,-56.1386,68.377,0.0,11.2177,10.6155,-21.1588,21.4979,-55.5581,-34.9189,-5.2039,-10.4155,-3.3867,30.927,-7.6792,-1.382,-4.7644,0.0,-34.9766,-34.6236,-23.9824,-38.4664],"direction":[60.169,0.0,-1.6675,0.0,7.0333,0.0,0.0,-0.6051,-28.8944,29.588,65.7566,-47.6707,50.0824,56.9295,-14.654,34.6549,-1.5824,3.2594,14.2955,18.8991,0.0,24.8468,33.6447,39.3424,0.0,27.5142,21.1912,-5.7298,-28.8174,-34.3359,14.9752,-35.5824,16.9326,0.0,5.1866,20.0082,-7.5513,8.4056,-28.1492,-44.9072,-39.2561,-32.6962,-35.2942,25.0689,-13.2196,-22.0881,-33.7127,0.0,-30.0666,-35.3869,-36.5305,-50.9287],"intensity":[19.2308,25.9259,78.5714,20.6897,36.6667,3.2258,40.625,3.0303,38.2353,80.0,100.0,97.2973,21.0526,71.7949,35.0,63.4146,52.381,62.7907,36.3636,8.8889,47.8261,27.6596,25.0,16.3265,42.0,17.6471,96.1538,92.3077,86.5385,38.4615,48.0769,63.4615,80.7692,50.0,19.2308,78.8462,65.3846,13.4615,65.3846,88.4615,53.8462,15.3846,55.7692,92.3077,86.5385,1.9231,48.0769,63.4615,26.9231,21.1538,78.8462,19.2308],"confirmation":[82.659,32.6837,52.3405,47.8377,52.1132,25.6879,24.3919,48.8073,76.3941,83.0894,93.2902,38.8417,79.8521,87.2126,8.0569,5.3849,53.2057,51.5409,48.9739,73.4167,27.7851,77.0906,79.1412,80.0344,29.5819,76.2759,26.1076,52.1188,79.482,74.347,29.8447,82.2829,80.7717,24.7564,48.8692,49.172,49.9965,73.233,81.1554,80.321,52.0674,74.9833,27.5158,76.7413,48.459,25.5533,50.8205,30.8463,78.7617,79.0008,78.1581,90.6449],"persistence":[87.5,75.0,50.0,50.0,50.0,37.5,25.0,0.0,25.0,12.5,12.5,0.0,0.0,12.5,0.0,25.0,25.0,25.0,25.0,50.0,37.5,37.5,62.5,62.5,75.0,75.0,75.0,50.0,37.5,12.5,12.5,12.5,0.0,12.5,12.5,12.5,12.5,37.5,12.5,12.5,12.5,25.0,50.0,50.0,50.0,75.0,75.0,62.5,62.5,62.5,62.5,87.5],"assessmentRisk":[26.4694,45.8338,35.7989,44.4049,55.1028,29.321,10.592,9.8384,32.9312,10.1082,11.4343,52.6013,30.4092,19.1302,34.1357,21.1579,3.0213,40.117,13.7017,5.2411,20.6594,4.6963,8.0212,22.4115,45.9517,27.3663,21.5961,35.4638,29.7139,39.6141,53.6334,27.2438,25.8373,41.2753,10.5881,42.5867,16.0896,6.8687,22.8217,30.0914,36.3214,37.0275,32.5107,34.5421,16.3814,15.8598,18.3044,49.8897,17.2893,22.7753,16.0998,26.2308],"volumeParticipation":true,"latest":{"consensus":-46.6,"control":-47.9,"force":-38.5,"direction":-50.9,"confirmation":90.6,"persistence":87.5,"assessmentRisk":26.2,"intensity":19.2,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-46.6","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-47.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-38.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-50.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"39.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"10.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"21.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"3%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[13.39,21.06,19.86,21.76,18.77,19.93,24.8,29.7,27.94,30.8,28.36,30.2,30.4,33.0,27.84,28.74,25.32,25.02,25.4,28.02,28.0,27.9,28.6,31.4,36.44,36.18,37.5,35.6,33.14,32.78,34.78,34.12,33.58,32.96,31.7,35.88,50.0,40.82,42.42,46.46,44.54,43.8,41.02,42.9,43.76,44.18,43.0,44.9,46.56,47.9,45.6,47.06,47.54,45.52,42.36,41.96,44.3,41.28,45.44,45.1,45.0149,45.6135,44.4163,45.7133,42.3013,39.9069,40.4057,41.4233,39.9667,44.44,40.96,40.54,38.68,40.94,39.1,38.1,37.0,35.46],"stroke":"#10243b","width":2.1},{"label":"Fast 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envelope","values":[null,null,null,null,null,null,null,null,null,12.451,12.9333,13.2434,13.5878,13.6885,14.1699,14.604,14.9213,15.1938,15.4664,15.7813,18.218,18.8971,19.9439,20.6152,21.6773,22.859,22.8721,22.7295,22.9507,22.9783,23.1441,23.2135,23.2993,23.2991,23.64,23.8553,22.2552,23.1716,24.1052,24.284,25.0102,26.0571,27.2857,28.0589,28.2013,28.4075,28.5785,28.9328,29.6835,30.5931,31.4104,32.4477,33.792,35.6324,38.2744,39.8234,40.2245,40.322,40.5484,40.5715,40.5871,40.659,41.1792,41.3976,41.1767,40.3851,39.9211,39.567,39.0068,39.17,38.8635,38.6582,38.2627,38.1527,37.7401,37.1866,36.4416,35.4778],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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