{"schema_version":"1.0","name":"MAXS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"057b24e4-cfcb-46b8-9d6d-98232089da75","symbol":"MAXS","name":"iShares US Large Cap Max Buffer Sep UCITS ETF USD Acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Directional strength and control, Range pressure and compression, Range position and boundary pressure, Directional pressure and rotation."},{"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":44,"displayedObservations":44,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.851186,1.391897,1.859459,2.306234,3.204026,5.058867,6.77186,8.572677,9.642039,9.600352,9.202123,8.381081,6.668767,4.676062,2.811483,1.316517],"opens":[4.438,4.442,4.4855,4.508,4.513,4.491,4.587,4.603,4.604,4.617,4.609,4.6145,4.634,4.5985,4.6035,4.594],"highs":[4.455,4.4985,4.52,4.516,4.5395,4.539,4.587,4.603,4.6085,4.6245,4.6145,4.635,4.6435,4.618,4.619,4.5985],"lows":[4.425,4.425,4.4855,4.4945,4.511,4.491,4.5785,4.5895,4.5925,4.6045,4.609,4.6145,4.5795,4.596,4.594,4.549],"closes":[4.437,4.4985,4.512,4.4945,4.5395,4.5265,4.58,4.592,4.608,4.6215,4.6095,4.635,4.5915,4.599,4.595,4.5625],"hoverRows":[[{"label":"Open","value":"4.44","className":"is-ohlc","compact":true},{"label":"High","value":"4.46","className":"is-ohlc","compact":true},{"label":"Low","value":"4.42","className":"is-ohlc","compact":true},{"label":"Close","value":"4.44","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.85","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.44","className":"is-ohlc","compact":true},{"label":"High","value":"4.50","className":"is-ohlc","compact":true},{"label":"Low","value":"4.42","className":"is-ohlc","compact":true},{"label":"Close","value":"4.50","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.39","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.49","className":"is-ohlc","compact":true},{"label":"High","value":"4.52","className":"is-ohlc","compact":true},{"label":"Low","value":"4.49","className":"is-ohlc","compact":true},{"label":"Close","value":"4.51","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.86","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"4.51","className":"is-ohlc","compact":true},{"label":"High","value":"4.52","className":"is-ohlc","compact":true},{"label":"Low","value":"4.49","className":"is-ohlc","compact":true},{"label":"Close","value":"4.49","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.31","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.51","className":"is-ohlc","compact":true},{"label":"High","value":"4.54","className":"is-ohlc","compact":true},{"label":"Low","value":"4.51","className":"is-ohlc","compact":true},{"label":"Close","value":"4.54","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"3.20","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"4.49","className":"is-ohlc","compact":true},{"label":"High","value":"4.54","className":"is-ohlc","compact":true},{"label":"Low","value":"4.49","className":"is-ohlc","compact":true},{"label":"Close","value":"4.53","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.06","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.59","className":"is-ohlc","compact":true},{"label":"High","value":"4.59","className":"is-ohlc","compact":true},{"label":"Low","value":"4.58","className":"is-ohlc","compact":true},{"label":"Close","value":"4.58","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"6.77","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.60","className":"is-ohlc","compact":true},{"label":"High","value":"4.60","className":"is-ohlc","compact":true},{"label":"Low","value":"4.59","className":"is-ohlc","compact":true},{"label":"Close","value":"4.59","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"8.57","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.60","className":"is-ohlc","compact":true},{"label":"High","value":"4.61","className":"is-ohlc","compact":true},{"label":"Low","value":"4.59","className":"is-ohlc","compact":true},{"label":"Close","value":"4.61","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"9.64","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.62","className":"is-ohlc","compact":true},{"label":"High","value":"4.62","className":"is-ohlc","compact":true},{"label":"Low","value":"4.60","className":"is-ohlc","compact":true},{"label":"Close","value":"4.62","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"9.60","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.61","className":"is-ohlc","compact":true},{"label":"High","value":"4.61","className":"is-ohlc","compact":true},{"label":"Low","value":"4.61","className":"is-ohlc","compact":true},{"label":"Close","value":"4.61","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"9.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.61","className":"is-ohlc","compact":true},{"label":"High","value":"4.63","className":"is-ohlc","compact":true},{"label":"Low","value":"4.61","className":"is-ohlc","compact":true},{"label":"Close","value":"4.63","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"8.38","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.63","className":"is-ohlc","compact":true},{"label":"High","value":"4.64","className":"is-ohlc","compact":true},{"label":"Low","value":"4.58","className":"is-ohlc","compact":true},{"label":"Close","value":"4.59","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"6.67","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.60","className":"is-ohlc","compact":true},{"label":"High","value":"4.62","className":"is-ohlc","compact":true},{"label":"Low","value":"4.60","className":"is-ohlc","compact":true},{"label":"Close","value":"4.60","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"4.68","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.60","className":"is-ohlc","compact":true},{"label":"High","value":"4.62","className":"is-ohlc","compact":true},{"label":"Low","value":"4.59","className":"is-ohlc","compact":true},{"label":"Close","value":"4.59","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.81","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.59","className":"is-ohlc","compact":true},{"label":"High","value":"4.60","className":"is-ohlc","compact":true},{"label":"Low","value":"4.55","className":"is-ohlc","compact":true},{"label":"Close","value":"4.56","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.32","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-10.991924,10.991924],"priceRange":[4.42512,4.64688],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":1.316517,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but 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":"Distribution risk building","detail":"Price remains extended inside distribution conditions while Market Dynamics is shrinking. A descent through the zone would strengthen the rollover warning.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price remains extended inside distribution conditions while Market Dynamics is shrinking. A descent through the zone would strengthen the rollover warning.","annotations":[{"label":"Current tape relationship","value":"Distribution risk building","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"5 Jun 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-22","price":4.512},{"date":"2026-06-05","price":4.5395}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[5.051,4.388,4.351,4.3485,4.3805,4.3775,4.3745,4.3295,4.348,4.3345,4.345,4.401,4.4175,4.35,4.3165,4.332,4.3115,4.357,4.3355,4.4265,4.455,4.387,4.383,4.403,4.376,4.3945,4.433,4.429,4.437,4.4985,4.512,4.4945,4.5395,4.5265,4.58,4.592,4.608,4.6215,4.6095,4.635,4.5915,4.599,4.595,4.5625],"consensus":[100.0,52.0833,-100.0,-29.9158,-38.7537,-19.2311,-10.0689,-27.9375,0.0,-16.8451,-22.254,11.3892,10.352,-23.9116,0.0,-11.6545,-22.0623,8.1841,-17.0671,31.5565,29.3124,-20.6706,0.0,9.2716,-19.935,15.6067,26.0754,0.0,10.029,42.4401,32.4544,0.0,44.5434,20.6005,26.9991,23.2297,43.1119,43.2065,12.1254,46.2414,-11.4036,0.0,0.0,23.7957],"supportDates":["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,-24.2525,-9.3269,-38.4721,0.0,-19.2823,-31.7758,17.2136,16.9386,-33.4876,0.0,-10.9418,-29.0071,13.766,-29.4831,29.4594,30.9797,-26.3093,0.0,12.7752,-27.6721,22.324,25.3807,0.0,3.8565,46.217,32.9981,0.0,51.2676,25.1628,20.0468,12.5555,49.3381,44.3945,1.8499,56.0397,-14.4397,0.0,0.0,23.2585],"force":[100.0,52.0833,-100.0,-29.9158,-1.8707,-4.5123,-3.7949,-15.9706,0.0,-4.6921,-10.6584,25.7178,17.9515,-22.8834,0.0,-0.2993,-15.8659,16.0846,-14.7718,57.6585,34.8718,-46.5688,0.0,13.4239,-23.4925,19.6488,37.9552,0.0,4.6392,42.8034,24.4814,0.0,34.2589,0.1917,12.156,2.8415,25.0722,27.5438,10.2401,30.2446,-45.4751,0.0,0.0,36.0563],"direction":[null,null,null,null,-65.0987,-24.0059,-20.8195,-24.4459,0.0,-22.7404,-19.6546,5.502,2.6037,-13.7021,0.0,-20.5798,-18.5514,3.8383,-4.5169,15.3088,23.4358,-4.2722,0.0,2.3016,-8.5515,5.0425,18.3838,0.0,20.9331,37.8642,37.5279,0.0,44.2046,30.238,45.5467,49.9917,48.8818,53.0363,39.8443,46.4695,-16.4031,0.0,0.0,15.6522],"intensity":[null,null,null,null,50.0,40.0,16.6667,85.7143,25.0,22.2222,20.0,90.9091,16.6667,92.3077,92.8571,60.0,25.0,76.4706,27.7778,94.7368,60.0,85.7143,77.2727,17.3913,45.8333,12.0,73.0769,48.1481,3.5714,79.3103,76.6667,12.9032,65.625,24.2424,94.1176,8.5714,11.1111,13.5135,5.2632,46.1538,65.0,46.3415,2.381,72.093],"confirmation":[54.6667,39.3333,54.6667,32.2397,33.3818,50.9622,48.9537,76.4148,4.8382,50.3162,74.6228,50.4996,49.3327,75.4745,25.3099,48.7276,74.7653,48.9268,50.5357,78.9255,77.524,53.5627,25.3408,48.3734,74.3697,50.3483,76.7168,25.671,25.8057,81.5344,78.1341,29.0903,81.838,51.2632,76.2933,52.3081,81.1512,81.3306,5.5397,82.1604,30.8072,25.1345,4.0141,75.9965],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,62.5,87.5,87.5,62.5,37.5,37.5,25.0,25.0,37.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,37.5,25.0,25.0,50.0,62.5,50.0,75.0,75.0,75.0,87.5,87.5,87.5,87.5,100.0,75.0,62.5,50.0,25.0],"assessmentRisk":[null,null,null,null,29.6963,7.6358,9.7794,9.8441,6.9147,1.7933,3.7577,12.0326,12.6939,16.2835,31.7303,42.9144,38.8353,6.2534,34.0387,33.1145,35.2674,39.5384,41.7513,28.6719,37.5734,0.8305,29.5151,29.3308,41.0767,28.2589,32.1358,45.7129,27.5436,24.5412,35.8495,38.3211,27.8789,28.366,35.3848,24.0773,20.3244,35.3172,24.6824,37.6277],"volumeParticipation":true,"latest":{"consensus":23.8,"control":23.3,"force":36.1,"direction":15.7,"confirmation":76.0,"persistence":25.0,"assessmentRisk":37.6,"intensity":72.1,"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":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+23.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+23.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+36.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+15.7","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"76/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"25.4","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"1.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"39.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"74%","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":[5.051,4.388,4.351,4.3485,4.3805,4.3775,4.3745,4.3295,4.348,4.3345,4.345,4.401,4.4175,4.35,4.3165,4.332,4.3115,4.357,4.3355,4.4265,4.455,4.387,4.383,4.403,4.376,4.3945,4.433,4.429,4.437,4.4985,4.512,4.4945,4.5395,4.5265,4.58,4.592,4.608,4.6215,4.6095,4.635,4.5915,4.599,4.595,4.5625],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.6734,4.6196,4.575,4.5304,4.4972,4.4676,4.4453,4.4373,4.4337,4.4185,4.3999,4.3876,4.3737,4.3707,4.3643,4.3756,4.39,4.3895,4.3883,4.391,4.3883,4.3894,4.3973,4.4031,4.4092,4.4255,4.4412,4.4509,4.467,4.4778,4.4964,4.5138,4.5309,4.5474,4.5587,4.5726,4.576,4.5802,4.5829,4.5792],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,4.6392,4.6178,4.5955,4.576,4.5564,4.5416,4.5264,4.519,4.5142,4.5048,4.4958,4.4889,4.4805,4.4742,4.4711,4.468,4.4657,4.4681,4.4714,4.4731,4.478,4.4816,4.4889,4.4965,4.5048,4.5134,4.5205,4.529,4.5337,4.5385,4.5427,4.5441],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,4.8452,4.8211,4.8026,4.7874,4.7708,4.7557,4.7419,4.7292,4.7181,4.7075,4.7016,4.4385,4.4383,4.4401,4.4442,4.4438,4.4454,4.4533,4.4595,4.4668,4.4862,4.5059,4.5186,4.5391,4.5546,4.5768,4.5984,4.6166,4.6377,4.6494,4.6698,4.6803,4.6874,4.6906,4.6898],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,4.0114,4.0204,4.0356,4.0505,4.0572,4.0594,4.0638,4.0657,4.0723,4.0766,4.086,4.2895,4.2895,4.2909,4.2923,4.2922,4.2923,4.2903,4.2941,4.2957,4.2926,4.2896,4.2863,4.278,4.2802,4.2843,4.2887,4.3002,4.3055,4.3212,4.3217,4.3248,4.3389,4.3569,4.3737],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"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,46.7485,312.5987,1.2756,0.0,101.8596,85.455,91.2775,11.8672,86.5695,11.6698,0.0,39.8347,190.221,524.0023,232.0641,44.2822,109.9155,46.7429,74.9547,164.5525,40.6102,43.4584,39.2134,143.0955,94.1732,0.0,532.2672,0.0,0.0,20.8008,66.9575,0.0,0.0,48.7847,58.4921,26.5081,23.4479],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,88.3656,88.2797,88.2797,94.5276,99.7064,94.2116,93.5395,98.3988,97.778,97.778,95.8414,105.55,135.0,121.5122,118.9078,125.6137,122.7268,127.2613,135.0,132.6424,134.7944,135.0,135.0,130.979,130.979,102.5121,102.5121,102.5121,103.5945,107.1994,107.1994,107.1994,105.2479,107.3599,106.4156,105.6288],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,15.846,17.4283,19.0782,21.3217,23.6943,25.8974,28.2485,29.5318,31.3771,33.274,35.0982,36.9725,38.7129,40.5598,40.7095,40.8485,40.8885,39.1591],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.595,1.5699,2.3318,2.3153,3.1337,3.1127,5.4747,6.0533,5.8763,5.8301,6.3165,6.2431,6.1604,8.2236,8.3654,8.7387,10.7844,11.8196,11.6624,12.8431,12.4234,15.2378,16.1575,16.3792,17.4336,17.2413,18.7355,17.6093,17.1497,16.7066,15.8343],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.6803,3.1357,3.1046,3.2703,3.221,3.1994,3.0989,3.0376,3.5618,3.5525,3.4982,3.4576,3.8831,3.7978,3.7585,3.6983,3.5483,3.477,3.4308,3.3309,4.5698,4.3776,4.3035,4.248,4.1776,4.1315,4.0337,7.0785,6.8938,6.9223,11.3076],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.3994,7.035,6.5743,6.1776,5.7634,5.4145,5.0841,4.7854,4.6484,4.3545,4.0876,3.8639,3.6208,3.4079,3.2004,3.0147,2.8778,2.7189,2.5687,2.4323,2.3416,2.2433,2.1134,1.9812,1.8652,1.7559,1.6608,1.6563,1.5767,1.5042,1.4842],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,18.8284,18.113,17.3553,16.675,16.1666,15.7966,15.4012,15.0867,14.6934,14.3631,14.0106,3.4136,3.4107,3.4185,3.4751,3.4698,3.505,3.7289,3.7796,3.9061,4.4098,4.9188,5.2745,5.9224,6.2125,6.6017,6.9702,7.0964,7.4294,7.3187,7.7431,7.8976,7.7205,7.3788,6.976],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"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,0.2764,5.8902,4.083,5.4886,12.9853,15.1941,6.158,4.362,6.3802,3.7109,9.6354,6.8359,18.6849,22.3958,13.5417,13.0208,15.625,12.1094,14.5182,83.7989,81.5642,86.0335,100.0,96.6245,89.2405,100.0,94.9318,97.6974,96.5625,99.8464,99.1215,95.6076,100.0,84.5007,86.7362,85.2359,73.7439],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-14.2843,-13.918,-14.1853,-13.9774,-12.8687,-12.5421,-13.8784,-14.5417,-14.2348,-14.6407,-13.7399,-14.1655,-12.3639,-11.7996,-13.1459,-13.2251,-12.8291,-13.3637,-12.9974,-0.6499,-0.7396,-0.5603,0.0,-0.177,-0.5642,0.0,-0.2864,-0.1526,-0.239,-0.0108,-0.0649,-0.3244,0.0,-1.1198,-0.9583,-1.0445,-1.7444],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,0.0462,1.0223,0.7086,0.9526,2.2537,2.6371,1.0688,0.7822,1.1441,0.6654,1.7278,1.2258,3.3505,4.0159,2.4282,2.3348,2.8018,2.1714,2.6033,3.5022,3.4088,3.5956,5.0315,5.3467,4.9381,5.9888,5.6853,6.9344,7.2146,7.5881,7.9033,7.6232,8.2185,6.5808,6.7549,6.489,5.248],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum is stretched and deserves mean-reversion context.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,2.4812,2.9091,2.891,4.3115,4.2796,7.3983,8.4048,8.1765,8.1624,9.0043,8.8859,9.7617,11.6646,11.6371,12.0828,15.6072,16.3994,16.1873,19.0857,18.8826,22.537,23.3709,24.5373,25.5669,25.2373,27.3797,26.0104,26.6911,26.5508,25.3833],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,6.172,0.2764,5.8902,4.083,5.4886,12.9853,15.1941,6.158,24.9071,36.4312,21.1896,55.0186,39.0335,94.7195,100.0,58.1006,55.8659,67.0391,51.9553,62.2905,83.7989,81.5642,83.7662,100.0,96.0976,86.2162,100.0,92.5501,96.8468,95.3782,99.7947,98.8439,94.2197,100.0,76.2014,79.6339,77.8032,48.7342],"stroke":"#1678a7","width":1.5},{"label":"Rotation signal","values":[null,null,null,null,null,null,null,3.2242,4.1129,3.4166,5.1539,7.519,11.2227,11.4458,15.4197,22.4988,27.5093,37.5465,38.4139,62.9238,77.9176,84.2733,71.3222,60.3352,58.2868,60.4283,66.0149,75.8845,83.0431,88.4435,93.2879,94.1046,94.1046,92.9221,96.4657,94.925,97.3399,98.0056,97.6194,97.6879,90.1403,85.2784,77.8795,68.7237],"stroke":"#b87806","width":1.4}],"guides":[{"label":"Upper zone","values":[70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0],"stroke":"#c13f3f","width":1.0,"dash":[6,5]},{"label":"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]},{"label":"Lower zone","values":[30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0],"stroke":"#07865c","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/057b24e4-cfcb-46b8-9d6d-98232089da75/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/057b24e4-cfcb-46b8-9d6d-98232089da75/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/057b24e4-cfcb-46b8-9d6d-98232089da75/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/057b24e4-cfcb-46b8-9d6d-98232089da75/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/057b24e4-cfcb-46b8-9d6d-98232089da75/technical-pack/data.json"},"source_fingerprint":"fb7277c8a510a7eb8eabfe89ad0c3882950d9aa64a1f077164936f8b0c9b1169","content_hash":"3c69811a030830b58fd257785b1fd8a5b31ce1ee4d3be6f3549a4d200ee0ca18","citation":"Sharemaestro, MAXS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/057b24e4-cfcb-46b8-9d6d-98232089da75/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."}