{"schema_version":"1.0","name":"XXV Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"02ac86ae-ae06-4e11-bd28-477461e8bf2d","symbol":"XXV","name":"SIMPLIFY ANCORATO TARGET 25 DISTRIBUTION ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. The broader path has not changed enough to establish a new direction. The upward price structure is leading its underlying support.","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, Range position and boundary pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Range pressure and compression, Directional strength and control."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":40,"displayedObservations":40,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. The broader path has not changed enough to establish a new direction. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics strengthened this week and remains positive. The broader path has not changed enough to establish a new direction. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.603091,0.75994,0.832408,0.688857,0.656908,0.562279,0.341401,0.22528,0.046663,0.01032,0.104236,0.186697],"opens":[23.720619,23.475773,23.563918,23.183856,22.702739,22.986646,23.064965,22.683159,22.272376,22.25,23.585,23.99],"highs":[23.975258,23.603093,23.857732,23.183856,23.544669,23.319502,23.064965,22.996435,22.379673,23.75,24.125,24.16],"lows":[23.162371,22.966495,23.299485,22.291564,22.702739,22.624518,22.418832,22.174085,21.5501,22.05,23.45,23.57],"closes":[23.35482,23.358149,23.700933,22.676306,23.339767,23.035595,22.61463,22.203455,22.1907,23.5077,24.11,23.77],"hoverRows":[[{"label":"Open","value":"23.7","className":"is-ohlc","compact":true},{"label":"High","value":"24.0","className":"is-ohlc","compact":true},{"label":"Low","value":"23.2","className":"is-ohlc","compact":true},{"label":"Close","value":"23.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.60","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.5","className":"is-ohlc","compact":true},{"label":"High","value":"23.6","className":"is-ohlc","compact":true},{"label":"Low","value":"23.0","className":"is-ohlc","compact":true},{"label":"Close","value":"23.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.76","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.6","className":"is-ohlc","compact":true},{"label":"High","value":"23.9","className":"is-ohlc","compact":true},{"label":"Low","value":"23.3","className":"is-ohlc","compact":true},{"label":"Close","value":"23.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.83","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.2","className":"is-ohlc","compact":true},{"label":"High","value":"23.2","className":"is-ohlc","compact":true},{"label":"Low","value":"22.3","className":"is-ohlc","compact":true},{"label":"Close","value":"22.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.69","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.7","className":"is-ohlc","compact":true},{"label":"High","value":"23.5","className":"is-ohlc","compact":true},{"label":"Low","value":"22.7","className":"is-ohlc","compact":true},{"label":"Close","value":"23.3","className":"is-ohlc","compact":true},{"label":"Market 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but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.7","className":"is-ohlc","compact":true},{"label":"High","value":"23.0","className":"is-ohlc","compact":true},{"label":"Low","value":"22.2","className":"is-ohlc","compact":true},{"label":"Close","value":"22.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.23","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.3","className":"is-ohlc","compact":true},{"label":"High","value":"22.4","className":"is-ohlc","compact":true},{"label":"Low","value":"21.6","className":"is-ohlc","compact":true},{"label":"Close","value":"22.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.05","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.2","className":"is-ohlc","compact":true},{"label":"High","value":"23.8","className":"is-ohlc","compact":true},{"label":"Low","value":"22.1","className":"is-ohlc","compact":true},{"label":"Close","value":"23.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.01","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"23.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.1","className":"is-ohlc","compact":true},{"label":"Low","value":"23.4","className":"is-ohlc","compact":true},{"label":"Close","value":"24.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.10","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.0","className":"is-ohlc","compact":true},{"label":"High","value":"24.2","className":"is-ohlc","compact":true},{"label":"Low","value":"23.6","className":"is-ohlc","compact":true},{"label":"Close","value":"23.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.19","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[22.075542,24.225158],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.186697,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"steady","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics 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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":12,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-08-07","price":23.5077}],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[22.1819,22.3721,22.7626,22.828,22.9257,23.0386,22.8686,23.049,23.2475,23.4189,23.0051,22.7287,22.4431,22.6206,22.5158,22.7735,22.3371,21.9985,21.5318,21.9736,22.0312,23.098,22.5364,22.4803,22.984,22.6639,23.0165,23.7286,23.3548,23.3581,23.7009,22.6763,23.3398,23.0356,22.6146,22.2035,22.1907,23.5077,24.11,23.77],"consensus":[0.0,45.8588,-9.1838,-45.5767,37.0185,25.4154,0.0,22.81,27.796,37.5002,-15.6317,-20.4222,-37.8895,0.0,-17.8016,17.4135,-35.3791,-44.1366,-56.6827,0.0,-8.3591,59.5623,0.0,0.0,45.4632,-19.4679,38.899,62.5003,0.0,22.6355,50.299,-46.0029,39.3178,-10.1505,-37.154,-48.1912,-22.3092,47.8963,60.5633,12.0382],"supportDates":["2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,19.4925,0.0,22.2382,23.8239,33.5672,-18.7237,-16.6742,-35.1426,0.0,-10.3156,21.6351,-40.1906,-46.7208,-57.9388,0.0,-1.4328,56.7743,0.0,0.0,47.5822,-20.0827,39.7509,65.145,0.0,16.9364,43.1279,-38.1306,39.203,-5.9965,-35.9228,-49.1348,-12.7765,49.3009,65.1443,2.6298],"force":[0.0,45.8588,-9.1838,-45.5767,6.2419,8.9288,0.0,13.3738,18.2658,33.7504,-52.916,-30.8897,-38.3056,0.0,-13.7846,28.6842,-47.7605,-43.1275,-58.4933,0.0,-6.3096,87.5422,0.0,0.0,51.1948,-39.5438,45.1777,67.7017,0.0,8.5785,66.3398,-81.1064,73.4423,-20.7892,-42.687,-59.2556,-6.121,67.3806,65.1456,18.4583],"direction":[null,null,null,null,59.0018,43.9605,0.0,30.2037,39.1428,44.6735,-14.5337,-17.2288,-40.7317,0.0,-29.2263,4.5384,-21.0363,-41.9042,-53.9538,0.0,-26.7525,42.763,0.0,0.0,38.9476,-4.4254,33.4406,55.7624,0.0,39.1896,47.0368,-29.9259,15.0745,-7.2989,-34.6091,-39.2096,-44.7666,32.3738,52.0548,44.5738],"intensity":[null,null,null,null,75.0,40.0,16.6667,14.2857,50.0,11.1111,60.0,81.8182,50.0,38.4615,7.1429,40.0,75.0,52.9412,77.7778,73.6842,60.0,100.0,77.2727,30.4348,75.0,32.0,34.6154,88.8889,46.4286,44.8276,30.0,90.3226,81.25,24.2424,55.8824,51.4286,77.7778,100.0,100.0,25.641],"confirmation":[1.9019,37.3415,25.6055,37.2512,33.1057,75.7207,3.5688,75.0203,76.6648,79.9457,31.8585,74.9112,80.1792,28.9771,73.6882,51.1848,79.6253,82.0536,86.1745,31.6678,26.3461,87.9551,30.3792,24.9793,82.6906,52.1655,80.626,88.1183,8.7501,74.9018,84.6938,83.9107,81.6234,26.3024,80.0767,83.744,52.1242,83.8992,87.4501,15.0039],"persistence":[null,null,0.0,25.0,0.0,16.6667,14.2857,25.0,37.5,37.5,37.5,37.5,12.5,0.0,12.5,12.5,37.5,62.5,62.5,50.0,50.0,37.5,25.0,37.5,12.5,12.5,12.5,25.0,37.5,37.5,50.0,37.5,37.5,37.5,12.5,12.5,25.0,25.0,25.0,0.0],"assessmentRisk":[null,null,null,null,31.4899,37.2912,26.6151,33.0913,34.8444,30.8216,36.2003,34.189,30.9455,49.4286,39.7344,1.6229,2.8882,27.2309,21.5983,49.3806,34.4981,19.6699,52.7926,37.4864,25.8578,27.558,19.618,18.1419,31.3241,33.3363,19.6399,24.9506,21.0069,20.5842,30.0959,13.0698,37.9038,8.9945,19.012,43.3886],"volumeParticipation":true,"latest":{"consensus":12.0,"control":2.6,"force":18.5,"direction":44.6,"confirmation":15.0,"persistence":0.0,"assessmentRisk":43.4,"intensity":25.6,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and 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":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+12.0","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+2.6","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+18.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+44.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"15/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"58.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"86%","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 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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,51.3784,59.1428,65.8483,49.6589,38.8458,27.6724,34.618,30.5183,40.6,23.5273,10.2812,1.3727,22.3554,24.2853,60.0153,41.204,39.3272,56.197,45.4746,57.2837,81.1333,68.6159,76.8796,89.7222,51.3339,76.1909,64.7949,49.0232,33.6183,33.1404,82.4826,99.4679,86.3343],"stroke":"#10243b","width":2.0},{"label":"From 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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,63.2871,59.0701,197.1551,188.7548,105.923,58.7556,40.6308,105.3963,47.6977,71.0237,33.5295,66.472,53.8642,39.9339,87.9647,84.9555,218.8415,38.1525,52.2645,63.1538,60.8047,93.7958,53.6304,315.0004,141.9418,223.8531,57.4123,35.0819,99.0454,118.4751,47.1309,68.2886,58.0651],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,127.6898,132.0929,135.0,122.5264,115.4888,111.7147,114.2106,107.7113,110.5535,106.3966,104.508,100.8324,103.7403,105.7865,110.1559,106.1055,94.6718,96.6341,93.9756,97.0044,99.9,95.3697,97.7043,111.648,105.4225,116.0024,113.2825,111.7069,107.1748,101.674,103.8695,107.0331,104.3496],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.1802,0.153,0.1216,0.1161,0.0757,0.0162,-0.0679,-0.0977,-0.1154,-0.0428,-0.0303,-0.0246,0.0204,0.0298,0.065,0.1486,0.1826,0.2074,0.2519,0.2021,0.2137,0.1961,0.1465,0.0731,0.0138,0.0723,0.1653,0.2091],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1388,0.1142,0.0778,0.0427,0.0111,0.0003,-0.0058,-0.0096,-0.0036,0.0031,0.0155,0.0421,0.0702,0.0976,0.1285,0.1432,0.1573,0.1651,0.1613,0.1437,0.1177,0.1086,0.12,0.1378],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0631,-0.0981,-0.1457,-0.1404,-0.1265,-0.0431,-0.0245,-0.015,0.0239,0.0267,0.0495,0.1065,0.1124,0.1098,0.1234,0.0589,0.0564,0.031,-0.0149,-0.0706,-0.1039,-0.0364,0.0453,0.0713],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"volatility","eyebrow":"Risk 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XXV Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/02ac86ae-ae06-4e11-bd28-477461e8bf2d/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."}