{"schema_version":"1.0","name":"429A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"03fb1622-78be-4d9b-a1b9-a66a175e3cc3","symbol":"429A","name":"TEKSCEND PHOTOMASK CORP.","exchange":"JPX","country":"JP","asset_type":"equity","currency":"JPY","sector":"Technology","industry":"Semiconductor Equipment & Materials"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Activity pressure and cumulative balance, 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":45,"displayedObservations":45,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[1.146152,1.512607,1.475426,1.310029,1.257728,1.024121,0.726646,0.625136,0.298239,0.325777,0.286508,0.048076,-0.013444,-0.22228,-0.26891,-0.234002,-0.291022],"opens":[4030.0,4300.0,5170.0,4210.0,4445.0,4110.0,3900.0,4300.0,4365.0,4300.0,4385.0,3700.0,3675.0,4120.0,3865.0,3735.0,3895.0],"highs":[4120.0,5080.0,5290.0,4390.0,4755.0,4145.0,3975.0,4405.0,4425.0,4800.0,4445.0,3710.0,4395.0,4380.0,4420.0,4030.0,4025.0],"lows":[3860.0,4280.0,4165.0,3845.0,4215.0,3950.0,3635.0,4180.0,4090.0,4290.0,4270.0,3470.0,3560.0,3395.0,3595.0,3600.0,3490.0],"closes":[4100.0,5070.0,4220.0,4065.0,4595.0,4085.0,3680.0,4305.0,4165.0,4775.0,4325.0,3555.0,4105.0,3935.0,3670.0,3840.0,3630.0],"hoverRows":[[{"label":"Open","value":"4,030","className":"is-ohlc","compact":true},{"label":"High","value":"4,120","className":"is-ohlc","compact":true},{"label":"Low","value":"3,860","className":"is-ohlc","compact":true},{"label":"Close","value":"4,100","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.27","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,735","className":"is-ohlc","compact":true},{"label":"High","value":"4,030","className":"is-ohlc","compact":true},{"label":"Low","value":"3,600","className":"is-ohlc","compact":true},{"label":"Close","value":"3,840","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,895","className":"is-ohlc","compact":true},{"label":"High","value":"4,025","className":"is-ohlc","compact":true},{"label":"Low","value":"3,490","className":"is-ohlc","compact":true},{"label":"Close","value":"3,630","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.29","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[3464.1,5160.9],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.291022,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"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":"Accumulation pressure","detail":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"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":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":5070.0}],"reversal_dangers":[{"date":"2026-05-15","price":4220.0}]}},"smTape":{"available":true,"dates":["2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[3360.981,3517.7615,3409.9749,3155.2065,3253.1943,2847.5249,3282.5908,3052.3193,3042.5208,2816.1689,2915.1365,2969.0298,3032.7219,2934.7341,2993.5269,2954.3315,2880.8408,3091.5146,2886.72,3311.9871,3101.3132,2983.728,2973.9292,2727.0,3340.0,3250.0,3785.0,3980.0,4100.0,5070.0,4220.0,4065.0,4595.0,4085.0,3680.0,4305.0,4165.0,4775.0,4325.0,3555.0,4105.0,3935.0,3670.0,3840.0,3630.0],"consensus":[17.7305,43.1579,47.5728,-41.9385,0.0,-45.2422,18.4795,-22.7485,-13.8228,-35.4958,-14.8512,0.0,0.0,-16.9794,0.0,-9.5502,-14.3685,24.9605,-31.6192,52.8463,0.0,-10.4349,0.0,-45.9514,56.5133,0.0,65.9665,61.2362,56.2293,83.9284,-11.7213,0.0,58.6302,-8.8158,-36.1407,37.9017,-9.7954,59.7234,0.0,-47.5377,27.3513,-22.0806,-37.8883,0.0,-32.3224],"supportDates":["2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,-46.2284,32.1618,-26.151,-11.0547,-44.2981,-9.41,0.0,0.0,-25.3927,0.0,-10.8033,-11.4539,24.6476,-39.1601,46.3777,0.0,-9.1811,0.0,-45.0611,53.1704,0.0,59.4979,64.4478,57.7175,89.6388,-24.0011,0.0,55.4014,-0.9441,-40.7311,39.3069,-7.7752,68.3417,0.0,-51.1297,28.7828,-12.0485,-31.0918,0.0,-30.5741],"force":[17.7305,43.1579,47.5728,-41.9385,0.0,-38.9419,28.9927,-22.8428,-5.4649,-32.8293,-3.0005,0.0,0.0,-18.4992,0.0,-6.0588,-12.357,41.1681,-41.3444,85.92,0.0,-13.7291,0.0,-55.6104,92.0925,0.0,88.7432,55.635,44.7506,89.8567,-79.1332,0.0,69.5134,-29.2941,-42.5217,44.4462,-26.8871,57.2598,0.0,-46.9453,63.6614,-33.4914,-52.7329,0.0,-34.8996],"direction":[null,null,null,null,0.0,-48.6153,4.6669,-18.7926,-22.9563,-27.3405,-33.8209,0.0,0.0,-6.2785,0.0,-10.6119,-19.1365,13.7412,-16.0544,36.615,0.0,-9.5148,0.0,-40.0696,34.9202,0.0,57.0901,61.5666,62.7274,73.1676,-50.4643,0.0,54.5464,-3.1848,-26.3366,31.621,-0.1041,51.6336,0.0,-43.8556,0.2204,-25.3952,-35.0524,0.0,-32.4796],"intensity":[null,null,null,null,25.0,100.0,100.0,57.1429,12.5,44.4444,30.0,18.1818,50.0,38.4615,14.2857,6.6667,50.0,64.7059,61.1111,94.7368,60.0,85.7143,31.8182,78.2609,100.0,96.0,96.1538,81.4815,50.0,100.0,96.6667,96.7742,81.25,87.8788,64.7059,91.4286,27.7778,86.4865,73.6842,92.3077,90.0,29.2683,57.1429,58.1395,34.0909],"confirmation":[28.3404,36.4772,37.89,36.087,25.571,82.2705,52.3543,75.2306,49.5441,79.1432,50.2647,25.0416,24.4815,50.6848,24.9436,48.2639,72.581,76.4861,78.2996,86.0174,28.854,71.4587,24.3625,83.0124,87.2195,5.2963,89.902,87.3759,85.6209,94.9507,39.0505,5.5864,87.1425,26.2318,79.6895,80.3066,26.3751,86.9051,29.2478,83.1393,55.2176,75.5664,80.6802,25.6274,78.4483],"persistence":[null,null,100.0,50.0,40.0,16.6667,28.5714,12.5,12.5,37.5,62.5,50.0,50.0,50.0,62.5,62.5,62.5,37.5,37.5,25.0,25.0,25.0,25.0,25.0,0.0,12.5,12.5,12.5,25.0,50.0,37.5,50.0,50.0,37.5,12.5,12.5,12.5,12.5,0.0,12.5,12.5,12.5,12.5,25.0,25.0],"assessmentRisk":[null,null,null,null,24.9967,27.2052,30.6747,6.9107,27.3396,11.3583,38.2999,15.0116,0.9687,33.9145,15.6406,1.202,25.3187,19.8999,10.9232,21.8418,45.9725,21.8001,26.9523,26.8861,9.3345,37.3022,16.7196,19.3685,21.455,8.0318,43.2324,6.579,10.5196,44.0163,21.9362,2.8465,29.5256,13.9183,41.0954,19.9215,18.8816,33.8486,24.1929,24.255,22.6164],"volumeParticipation":true,"latest":{"consensus":-32.3,"control":-30.6,"force":-34.9,"direction":-32.5,"confirmation":78.4,"persistence":25.0,"assessmentRisk":22.6,"intensity":34.1,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-32.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-30.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-34.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-32.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"78/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"48.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"16.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"31.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"37%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}