{"schema_version":"1.0","name":"CAI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"fb1552bd-ed4a-447a-beb8-de390215801e","symbol":"CAI","name":"Caris Life Sciences, Inc. Common Stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Healthcare","industry":"Biotechnology"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","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, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":61,"displayedObservations":61,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Support weakening","headline":"Positive Market Dynamics has weakened while price remains rotational","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","take":"Treat the weaker support as caution until price and Market Dynamics establish clearer agreement.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[-0.277514,-0.262384,-0.196439,-0.205113,-0.233009,-0.401498,-0.642345,-0.767962,-0.855251,-1.04335,-1.164273,-1.195326,-1.283465,-1.275421,-1.272759,-1.110311,-0.860333,-0.57568,-0.235854,-0.158841,-0.113626,-0.084454,-0.037378,0.105549,0.180476,0.383008,0.576664,0.631761,0.674238,0.416162,0.278872,0.417116,0.47929],"opens":[27.9,26.77,28.81,26.23,24.98,22.86,22.0,20.6,19.32,19.7,18.3,18.25,18.59,16.86,18.965,18.02,20.94,20.16,18.34,16.18,14.75,15.71,16.46,17.49,18.33,18.61,18.78,18.03,17.1,16.27,15.69,15.92,22.68],"highs":[28.21,29.32,29.0,26.96,26.85,23.99,23.0,21.61,21.47,20.94,19.69,19.645,19.68,19.62,20.07,21.46,22.16,20.73,20.03,17.22,16.33,17.079,17.84,18.23,18.62,19.97,19.675,18.8,17.85,16.49,16.17,22.77,23.66],"lows":[26.43,26.225,24.6901,24.74,23.135,21.18,20.42,18.765,17.15,18.485,17.5,17.85,16.425,16.28,17.74,17.85,19.25,17.395,15.71,14.19,14.66,15.28,15.43,15.7807,17.76,16.82,17.5,16.73,16.02,15.11,15.23,15.835,21.445],"closes":[26.98,28.51,26.78,25.0,23.16,22.0,20.62,19.53,20.14,18.59,18.15,18.41,16.95,19.29,18.05,21.15,20.2,18.47,16.15,14.55,15.55,16.72,16.49,17.97,18.47,18.5,18.3,16.99,16.49,15.52,15.67,22.74,21.8],"pressureRange":[-1.46315,1.46315],"priceRange":[14.55,28.51],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"latest":0.47929,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Positive support is weakening","detail":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics strengthened this week and remains positive.","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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":33,"relationship":{"sameWeekCorrelation":0.17,"forwardCorrelation":0.23,"directionalAgreement":50.0,"sample":28,"correlationSample":32,"label":"Variable 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":23.5,"averageReturn":23.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":56.3,"averageReturn":56.3,"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":6.9,"sample":1},{"week":2,"averageReturn":14.9,"sample":1},{"week":3,"averageReturn":13.3,"sample":1},{"week":4,"averageReturn":23.5,"sample":1},{"week":5,"averageReturn":26.9,"sample":1},{"week":6,"averageReturn":27.1,"sample":1},{"week":7,"averageReturn":25.8,"sample":1},{"week":8,"averageReturn":16.8,"sample":1},{"week":9,"averageReturn":13.3,"sample":1},{"week":10,"averageReturn":6.7,"sample":1},{"week":11,"averageReturn":7.7,"sample":1},{"week":12,"averageReturn":56.3,"sample":1},{"week":13,"averageReturn":49.8,"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}]},"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":-22.8,"averageReturn":-22.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-32.3,"averageReturn":-32.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-40.4,"averageReturn":-40.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.1,"sample":1},{"week":2,"averageReturn":-12.3,"sample":1},{"week":3,"averageReturn":-18.8,"sample":1},{"week":4,"averageReturn":-22.8,"sample":1},{"week":5,"averageReturn":-27.7,"sample":1},{"week":6,"averageReturn":-31.5,"sample":1},{"week":7,"averageReturn":-29.4,"sample":1},{"week":8,"averageReturn":-34.8,"sample":1},{"week":9,"averageReturn":-36.3,"sample":1},{"week":10,"averageReturn":-35.4,"sample":1},{"week":11,"averageReturn":-40.5,"sample":1},{"week":12,"averageReturn":-32.3,"sample":1},{"week":13,"averageReturn":-36.7,"sample":1},{"week":14,"averageReturn":-25.8,"sample":1},{"week":15,"averageReturn":-29.1,"sample":1},{"week":16,"averageReturn":-35.2,"sample":1},{"week":17,"averageReturn":-43.4,"sample":1},{"week":18,"averageReturn":-49.0,"sample":1},{"week":19,"averageReturn":-45.5,"sample":1},{"week":20,"averageReturn":-41.4,"sample":1},{"week":21,"averageReturn":-42.2,"sample":1},{"week":22,"averageReturn":-37.0,"sample":1},{"week":23,"averageReturn":-35.2,"sample":1},{"week":24,"averageReturn":-35.1,"sample":1},{"week":25,"averageReturn":-35.8,"sample":1},{"week":26,"averageReturn":-40.4,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-5.5,"medianReturn":-5.5,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.7,"sample":2},{"week":2,"averageReturn":2.9,"sample":1},{"week":3,"averageReturn":1.8,"sample":1},{"week":4,"averageReturn":-5.5,"sample":1},{"week":5,"averageReturn":-8.2,"sample":1},{"week":6,"averageReturn":-13.6,"sample":1},{"week":7,"averageReturn":-12.8,"sample":1},{"week":8,"averageReturn":26.5,"sample":1},{"week":9,"averageReturn":21.3,"sample":1},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":21.2,"averageExpectedMove":22.5,"averageWeeksToLargestMove":5.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-11.0,"medianReturn":-10.5,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-9.1,"medianReturn":-12.8,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-32.3,"medianReturn":-32.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":3},{"week":2,"averageReturn":-6.8,"sample":3},{"week":3,"averageReturn":-9.7,"sample":3},{"week":4,"averageReturn":-11.0,"sample":3},{"week":5,"averageReturn":-16.6,"sample":3},{"week":6,"averageReturn":-12.7,"sample":3},{"week":7,"averageReturn":-9.3,"sample":3},{"week":8,"averageReturn":-11.8,"sample":3},{"week":9,"averageReturn":-6.0,"sample":3},{"week":10,"averageReturn":-9.3,"sample":3},{"week":11,"averageReturn":-5.6,"sample":3},{"week":12,"averageReturn":-9.1,"sample":3},{"week":13,"averageReturn":-13.8,"sample":3},{"week":14,"averageReturn":-5.3,"sample":3},{"week":15,"averageReturn":-11.1,"sample":3},{"week":16,"averageReturn":-23.0,"sample":2},{"week":17,"averageReturn":-0.9,"sample":2},{"week":18,"averageReturn":-4.0,"sample":2},{"week":19,"averageReturn":-22.4,"sample":1},{"week":20,"averageReturn":-20.3,"sample":1},{"week":21,"averageReturn":-20.1,"sample":1},{"week":22,"averageReturn":-21.0,"sample":1},{"week":23,"averageReturn":-26.6,"sample":1},{"week":24,"averageReturn":-28.8,"sample":1},{"week":25,"averageReturn":-33.0,"sample":1},{"week":26,"averageReturn":-32.3,"sample":1}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":27.9,"averageExpectedMove":27.9,"averageWeeksToLargestMove":5.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-8.2,"medianReturn":-4.3,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-11.9,"medianReturn":-11.9,"confidenceLow":34.2,"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":-0.6,"sample":3},{"week":2,"averageReturn":3.0,"sample":3},{"week":3,"averageReturn":-2.2,"sample":3},{"week":4,"averageReturn":-8.2,"sample":3},{"week":5,"averageReturn":-13.2,"sample":3},{"week":6,"averageReturn":-15.2,"sample":3},{"week":7,"averageReturn":-15.8,"sample":3},{"week":8,"averageReturn":-11.1,"sample":3},{"week":9,"averageReturn":3.6,"sample":3},{"week":10,"averageReturn":4.3,"sample":3},{"week":11,"averageReturn":-8.9,"sample":2},{"week":12,"averageReturn":-11.9,"sample":2},{"week":13,"averageReturn":-13.6,"sample":2},{"week":14,"averageReturn":-19.3,"sample":2},{"week":15,"averageReturn":-20.2,"sample":2},{"week":16,"averageReturn":-6.0,"sample":2},{"week":17,"averageReturn":-7.8,"sample":2},{"week":18,"averageReturn":17.9,"sample":1},{"week":19,"averageReturn":13.0,"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":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":33.8,"medianReturn":33.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.9,"sample":1},{"week":2,"averageReturn":-8.7,"sample":1},{"week":3,"averageReturn":-7.8,"sample":1},{"week":4,"averageReturn":33.8,"sample":1},{"week":5,"averageReturn":28.3,"sample":1},{"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}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":40.5,"averageExpectedMove":40.5,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-22.8,"medianReturn":-22.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-32.3,"medianReturn":-32.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-40.4,"medianReturn":-40.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.1,"sample":1},{"week":2,"averageReturn":-12.3,"sample":1},{"week":3,"averageReturn":-18.8,"sample":1},{"week":4,"averageReturn":-22.8,"sample":1},{"week":5,"averageReturn":-27.7,"sample":1},{"week":6,"averageReturn":-31.5,"sample":1},{"week":7,"averageReturn":-29.4,"sample":1},{"week":8,"averageReturn":-34.8,"sample":1},{"week":9,"averageReturn":-36.3,"sample":1},{"week":10,"averageReturn":-35.4,"sample":1},{"week":11,"averageReturn":-40.5,"sample":1},{"week":12,"averageReturn":-32.3,"sample":1},{"week":13,"averageReturn":-36.7,"sample":1},{"week":14,"averageReturn":-25.8,"sample":1},{"week":15,"averageReturn":-29.1,"sample":1},{"week":16,"averageReturn":-35.2,"sample":1},{"week":17,"averageReturn":-43.4,"sample":1},{"week":18,"averageReturn":-49.0,"sample":1},{"week":19,"averageReturn":-45.5,"sample":1},{"week":20,"averageReturn":-41.4,"sample":1},{"week":21,"averageReturn":-42.2,"sample":1},{"week":22,"averageReturn":-37.0,"sample":1},{"week":23,"averageReturn":-35.2,"sample":1},{"week":24,"averageReturn":-35.1,"sample":1},{"week":25,"averageReturn":-35.8,"sample":1},{"week":26,"averageReturn":-40.4,"sample":1}]},"currentApplication":{"status":"Support weakening","tone":"caution","headline":"Positive Market Dynamics has weakened over four weeks","use":"Use the weaker four-week path as caution until price and Market Dynamics establish clearer agreement.","confirm":"Treat the weaker support as caution until price and Market Dynamics establish clearer agreement.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"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 27.9% across 2 completed cases, with the largest move arriving after 5.0 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":[],"distribution_rollovers":[],"price_pressure_gaps":[{"date":"2026-01-09","price":28.51}]}},"smTape":{"available":true,"dates":["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":[27.25,26.81,26.54,26.51,30.19,29.54,28.04,29.75,36.5,39.3,38.39,34.85,34.06,32.58,29.19,31.78,30.48,31.5,31.07,30.08,25.61,23.85,24.09,25.53,28.86,26.76,27.94,28.235,26.98,28.51,26.78,25.0,23.16,22.0,20.62,19.53,20.14,18.59,18.15,18.41,16.95,19.29,18.05,21.15,20.2,18.47,16.15,14.55,15.55,16.72,16.49,17.97,18.47,18.5,18.3,16.99,16.49,15.52,15.67,22.74,21.8],"consensus":[-34.2412,0.0,14.7287,9.4111,43.6523,11.2744,0.0,33.0301,66.7405,55.8536,29.6366,0.0,0.0,-27.7334,-53.4815,15.7973,-29.1861,0.0,0.0,-22.0467,-56.0509,-53.2307,-29.9493,0.0,38.7359,-28.7091,21.8037,0.0,-26.2713,27.9267,-29.5897,-43.7901,-54.5599,-46.9525,-53.8586,-48.6643,-17.5542,-53.881,-37.7833,-26.4394,-51.6927,14.8051,-33.8315,37.5501,0.0,-31.4799,-52.463,-57.6159,-17.2031,0.0,-12.4461,26.6357,22.804,10.1675,0.0,-29.0056,-26.467,-37.4076,-19.5913,71.1449,14.0594],"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":[46.8523,17.0181,0.0,0.0,-21.7743,-41.7685,27.4877,-27.1224,0.0,0.0,-20.8843,-46.6772,-49.9792,-25.2229,0.0,34.8245,-32.9359,15.6051,0.0,-24.4419,22.7921,-23.1567,-44.3801,-51.8084,-43.2811,-56.927,-48.3835,-10.9238,-58.0693,-39.0657,-30.065,-52.8586,18.7888,-42.0065,37.779,0.0,-34.1957,-51.2562,-56.1234,-12.2182,0.0,-16.178,21.4506,20.8578,3.9344,0.0,-33.318,-26.5607,-37.9369,-17.3159,63.6189,2.9465],"force":[48.0491,3.2806,0.0,0.0,-43.4691,-75.7232,44.3445,-36.5554,0.0,0.0,-24.982,-81.6494,-54.927,-4.3829,0.0,83.1352,-56.9847,48.7156,0.0,-36.7047,58.6395,-57.0226,-52.078,-70.4972,-44.6049,-45.8415,-36.8914,-14.4933,-48.5615,-18.9197,-0.9176,-49.4247,50.7924,-31.1862,62.8224,0.0,-40.6462,-73.291,-67.0457,-14.0196,0.0,-5.1216,47.1516,24.7469,6.9143,0.0,-41.9486,-29.0017,-38.4772,-4.7537,99.0766,27.075],"direction":[71.7154,67.5701,0.0,0.0,-23.304,-50.981,17.954,-26.2808,0.0,0.0,-21.2786,-48.479,-55.7351,-53.6126,0.0,11.4921,-3.6816,9.6651,0.0,-20.9096,11.857,-17.3468,-37.1958,-46.3208,-52.8252,-56.0784,-57.3944,-48.0227,-52.8941,-49.7917,-40.5257,-51.9802,15.453,-26.378,19.2369,0.0,-21.8287,-38.965,-52.5859,-45.2021,0.0,-13.4128,17.9073,23.6405,19.6149,0.0,-14.8321,-24.5495,-36.0387,-32.7901,59.7947,56.1417],"intensity":[88.8889,70.0,72.7273,66.6667,30.7692,78.5714,53.3333,37.5,11.7647,11.1111,15.7895,85.0,80.9524,13.6364,34.7826,70.8333,52.0,26.9231,55.5556,32.1429,41.3793,50.0,54.8387,50.0,72.7273,26.4706,40.0,38.8889,37.8378,21.0526,2.5641,35.0,68.2927,33.3333,79.0698,27.2727,57.7778,65.2174,76.5957,12.5,18.3673,8.0,39.2157,61.5385,25.0,7.6923,23.0769,11.5385,28.8462,1.9231,98.0769,94.2308],"confirmation":[85.7725,54.706,33.0515,24.8353,77.4451,85.9704,32.2439,77.5956,3.0774,24.063,75.1621,86.8593,85.1351,54.21,8.3089,81.8082,55.3176,75.8918,47.4527,76.7527,77.9508,78.4028,82.2564,85.9868,83.0092,84.9437,83.2181,30.5003,85.016,79.4962,52.9609,84.4548,31.737,78.6209,80.7828,26.9735,78.3115,85.4413,86.7472,30.2869,6.2409,49.036,77.2277,75.3862,25.9161,25.5001,77.6105,76.5453,79.995,51.185,91.7323,9.1907],"persistence":[87.5,87.5,75.0,62.5,37.5,25.0,25.0,0.0,12.5,25.0,37.5,50.0,50.0,50.0,62.5,37.5,50.0,37.5,25.0,25.0,0.0,0.0,12.5,37.5,37.5,62.5,75.0,75.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,37.5,37.5,37.5,37.5,37.5,50.0,50.0,50.0,37.5,12.5,0.0,0.0,0.0,12.5,12.5,12.5,12.5],"assessmentRisk":[22.0314,35.1584,48.3308,34.7103,35.5854,23.1286,47.5815,27.7587,20.0473,32.1629,16.9232,18.563,23.3181,34.9764,46.2551,26.1767,57.9924,36.1969,40.6138,24.958,22.1083,12.0671,24.4981,20.5768,26.4837,23.0157,25.5365,39.0134,22.7341,29.8536,26.3997,23.973,16.9822,12.6471,28.531,51.2305,9.4534,15.7518,21.1699,41.0969,39.382,16.7438,35.1342,35.7683,35.2049,40.6153,14.68,33.7169,30.749,39.4421,14.0166,42.4102],"volumeParticipation":true,"latest":{"consensus":14.1,"control":2.9,"force":27.1,"direction":56.1,"confirmation":9.2,"persistence":12.5,"assessmentRisk":42.4,"intensity":94.2,"evidenceDepth":100},"analysis":{"status":"Market Dynamics 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":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+14.1","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+2.9","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+27.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+56.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"9/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"56.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"12.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"28.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"80%","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":[27.25,26.81,26.54,26.51,30.19,29.54,28.04,29.75,36.5,39.3,38.39,34.85,34.06,32.58,29.19,31.78,30.48,31.5,31.07,30.08,25.61,23.85,24.09,25.53,28.86,26.76,27.94,28.235,26.98,28.51,26.78,25.0,23.16,22.0,20.62,19.53,20.14,18.59,18.15,18.41,16.95,19.29,18.05,21.15,20.2,18.47,16.15,14.55,15.55,16.72,16.49,17.97,18.47,18.5,18.3,16.99,16.49,15.52,15.67,22.74,21.8],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,27.5442,27.9071,27.9313,28.2619,29.7598,31.4944,32.7481,33.1303,33.2993,33.1685,32.4452,32.3242,31.9889,31.9,31.7491,31.4456,30.3846,29.1965,28.268,27.7702,27.9684,27.7487,27.7834,27.8655,27.7045,27.851,27.6563,27.1733,26.4436,25.6357,24.7237,23.7794,23.1177,22.2945,21.5409,20.9717,20.2405,20.0677,19.7008,19.9643,20.0072,19.7277,19.0772,18.2541,17.7624,17.5729,17.376,17.484,17.6633,17.8154,17.9035,17.7374,17.5106,17.1487,16.8798,17.9453,18.6462],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,30.5092,30.6626,30.5535,30.6443,30.6322,30.6964,30.7241,30.6764,30.3011,29.8233,29.3986,29.112,29.0933,28.9205,28.8479,28.8025,28.6675,28.6558,28.5169,28.2564,27.8788,27.4434,26.9379,26.3892,25.9263,25.3829,24.8471,24.3703,23.8206,23.485,23.0824,22.9393,22.7364,22.4204,21.9559,21.4073,20.9734,20.6584,20.3496,20.1733,20.0471,19.9325,19.8116,19.6026,19.372,19.0867,18.8336,19.123,19.3213],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,38.4039,40.1068,40.3247,40.3253,40.1089,39.7403,39.5056,39.2215,39.0107,38.7938,38.5622,38.6894,38.9783,39.1931,39.2569,39.2301,39.2556,39.2566,39.236,38.4379,36.7609,35.0093,34.1021,33.3857,32.9881,33.2088,32.9686,32.6844,32.204,31.6433,31.0545,31.1926,31.1776,31.1838,30.9139,30.0466,29.524,28.7996,27.9614,27.0981,25.479,24.0687,22.91,22.1346,21.5743,21.2717,21.1059,20.817,20.79,20.7655,21.6919,22.294],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,21.6821,21.4968,21.9536,22.4024,22.7926,22.8597,23.1544,23.3385,23.5738,23.7673,23.8788,23.5876,23.0027,22.5429,22.3811,22.2749,21.9714,21.9604,21.8295,21.6756,22.2736,22.8642,22.7864,22.4128,21.7524,20.6747,19.6899,18.9401,18.1295,17.3982,16.82,15.8159,15.3749,14.7647,14.5966,14.5979,14.2915,13.8369,13.3066,13.0269,13.467,13.8483,14.304,14.6104,14.8207,14.8913,14.8031,14.727,14.447,14.2235,13.7301,13.613],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[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,-40.6976,-39.892,-36.2822,-36.8525,-41.7386,-40.1317,-41.9025,-40.8447,-17.4694,-20.4],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-1.6147,-2.6055,-2.7156,0.0,-2.153,-7.1216,-1.4574,0.0,0.0,-2.3155,-11.3232,-13.3333,-17.0992,-25.7252,-19.1349,-22.4427,-19.8473,-20.9415,-23.4606,-34.8346,-39.313,-38.7023,-35.0382,-26.5649,-31.9084,-28.9059,-28.1552,-31.3486,-27.4555,-31.8575,-36.3868,-41.0687,-44.0204,-47.5318,-50.3053,-48.7532,-52.6972,-53.8168,-53.1552,-56.8702,-50.916,-54.0712,-46.1832,-48.6005,-53.0025,-58.9059,-62.9771,-60.4326,-57.4555,-58.0407,-54.2748,-53.0025,-52.9262,-53.4351,-56.7684,-58.0407,-60.5089,-60.1272,-42.1374,-44.5293],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,12.2218,37.6839,48.2459,44.8133,31.4598,28.4798,22.897,10.1094,19.8793,14.9755,18.8231,17.2011,13.4666,0.0,0.0,1.0063,7.044,21.0063,12.2013,17.1488,18.3857,13.1237,19.5388,12.2851,4.8218,0.0,0.0,0.0,0.0,3.1234,0.0,0.0,1.4325,0.0,13.8053,6.4897,24.7788,19.174,8.9676,0.0,0.0,6.8729,14.9141,13.3333,23.5052,26.9416,27.1478,25.7732,16.7698,13.3333,6.6667,7.6976,56.2887,49.8282],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"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,54.2849,77.0832,81.2864,75.9648,55.2629,50.643,41.988,22.1633,37.3096,29.7072,35.6721,33.1575,27.368,14.002,5.0407,6.2627,13.5947,30.5499,19.8574,25.8656,27.3676,20.9776,28.7678,19.9593,10.8961,1.5275,3.8462,0.9058,3.5359,13.8876,7.8603,5.7492,7.6341,3.047,17.3237,10.19,28.9021,24.546,14.129,3.2329,2.3794,8.9888,16.7217,15.2016,24.9835,28.2882,28.4865,27.1646,18.9061,18.011,10.5055,15.102,97.0488,80.359],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-10.9633,-8.2915,-7.5294,-9.6706,-18.0,-19.8588,-23.3412,-31.3176,-25.2235,-28.2824,-25.8824,-26.8941,-29.2235,-39.7412,-43.8824,-43.3176,-39.9294,-32.0941,-37.0353,-34.2588,-33.5647,-36.5176,-32.9176,-36.9882,-41.1765,-45.5059,-48.2353,-51.4824,-51.6584,-47.9317,-47.5895,-47.458,-45.2979,-49.636,-42.6831,-46.3596,-36.1606,-37.3643,-41.8817,-44.9181,-50.3752,-46.9645,-42.9741,-43.7585,-38.7108,-37.0055,-36.9031,-37.5853,-41.4138,-38.8353,-42.1974,-34.6811,-1.1304,-7.8614],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,17.1255,43.7002,54.7238,51.1411,37.2042,34.094,28.2672,14.9208,25.1176,19.9995,24.0153,22.3224,18.4247,12.0297,4.3307,5.3806,11.6798,26.2467,17.0604,22.2222,23.5127,18.0227,24.7157,17.1479,9.3613,1.3123,3.8716,0.9794,4.0767,17.4344,8.3965,5.8309,7.3469,3.1963,18.4889,10.8722,29.914,24.0786,13.4521,2.8008,2.537,9.5842,17.8295,16.2086,26.6385,30.1621,30.3735,28.9641,19.7322,16.2086,9.3728,10.4299,60.2537,53.6293],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,2.2406,2.0611,1.6266,1.4742,1.2343,1.1136,0.9721,0.7711,0.2483,-0.3045,-0.715,-0.9136,-0.7931,-0.8573,-0.8036,-0.7288,-0.7621,-0.6574,-0.7059,-0.8779,-1.1493,-1.4415,-1.764,-2.0836,-2.2616,-2.4989,-2.6914,-2.7908,-2.9534,-2.8605,-2.8539,-2.569,-2.3923,-2.3646,-2.501,-2.707,-2.7578,-2.6728,-2.5942,-2.3849,-2.1538,-1.9459,-1.7768,-1.7285,-1.7109,-1.755,-1.7575,-1.1755,-0.7811],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1.8197,1.6785,1.5372,1.384,1.1569,0.8646,0.5487,0.2562,0.0464,-0.1344,-0.2682,-0.3603,-0.4407,-0.484,-0.5284,-0.5983,-0.7085,-0.8551,-1.0369,-1.2462,-1.4493,-1.6592,-1.8656,-2.0507,-2.2312,-2.3571,-2.4564,-2.479,-2.4616,-2.4422,-2.454,-2.5046,-2.5552,-2.5788,-2.5818,-2.5424,-2.4647,-2.361,-2.2441,-2.141,-2.055,-1.995,-1.9475,-1.7931,-1.5907],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.5855,-0.5649,-0.5651,-0.6129,-0.9085,-1.1691,-1.2637,-1.1698,-0.8395,-0.7229,-0.5354,-0.3685,-0.3214,-0.1734,-0.1775,-0.2796,-0.4408,-0.5864,-0.7271,-0.8374,-0.8123,-0.8396,-0.8257,-0.7402,-0.7222,-0.5034,-0.3975,-0.0901,0.0693,0.0776,-0.047,-0.2024,-0.2026,-0.0941,-0.0123,0.1576,0.3109,0.4151,0.4674,0.4125,0.3441,0.24,0.19,0.6176,0.8096],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,46.6779,111.7439,74.9798,37.2492,44.7761,49.128,81.9946,108.7485,90.0291,86.1725,69.8988,59.753,88.8777,301.2597,177.2834,201.8822,144.6907,428.9082,204.8105,212.2934,66.9511,98.5444,194.9751,206.0315,108.1285,166.0272,155.266,89.0994,94.5273,154.4138,111.7482,92.2391,165.8938,124.7482,79.6741,80.3773,73.7324,65.7056,85.3403,154.9978,182.0668,118.9802,72.0491,114.121,111.474,66.7136,153.8563,114.4519,104.9073,159.6481,113.9925,147.4769,248.1558,148.1373],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,71.9649,88.8867,99.9341,94.77,88.859,82.6373,72.3952,65.0,74.5328,65.4865,72.6968,66.6679,65.0,65.0,65.0,73.0131,79.0304,100.7774,89.453,102.2783,106.3791,100.3359,113.1687,98.2574,90.1021,76.6425,65.0,65.0,65.0,74.7165,67.3844,65.0,75.8645,67.5894,72.9318,67.5161,72.5373,68.3501,65.0,65.0,65.0,70.015,72.9978,68.3024,72.9915,75.7325,82.1922,77.2604,72.6537,65.4806,65.0,71.1645,82.2103,75.4316],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]}]},"canonical_url":"https://sharemaestro.com/terminal/fb1552bd-ed4a-447a-beb8-de390215801e/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/fb1552bd-ed4a-447a-beb8-de390215801e/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/fb1552bd-ed4a-447a-beb8-de390215801e/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/fb1552bd-ed4a-447a-beb8-de390215801e/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/fb1552bd-ed4a-447a-beb8-de390215801e/technical-pack/data.json"},"source_fingerprint":"9d3994be70867683225a2e40e49b63611caae7e66aa6d4afca666808297ce05b","content_hash":"367501cc1810fc43ae11597fddacaac17ef1d4f6a43e191c18f9e5975c9c6442","citation":"Sharemaestro, CAI Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/fb1552bd-ed4a-447a-beb8-de390215801e/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."}