{"schema_version":"1.0","name":"CLHI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"0ae8f226-e1cb-477e-adbb-54bd8474a483","symbol":"CLHI","name":"Ninepoint Celestica HighShares ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Completed returns and cumulative progression, Range expansion and closing direction, Activity pressure and cumulative balance, Drawdown and recovery pressure, Range pressure and compression."},{"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":18,"displayedObservations":18,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[9.766795,10.960732,10.9408,10.998082,9.976558,9.394195,10.072028,10.97477,10.652844,10.40896,9.608619,9.215702,9.502151,9.43476,8.038801,7.990663,9.753603,8.40113],"highs":[10.970519,11.479409,11.332225,11.446788,10.387077,9.852448,10.291896,10.97477,10.701621,10.574801,9.608619,9.742313,9.54066,9.43476,9.049668,9.477186,9.970789,9.674627],"lows":[9.737436,10.853082,9.59468,10.024293,9.594681,8.592252,9.165069,10.048012,10.652844,10.40896,9.151971,9.215702,9.502151,7.509299,8.038801,7.701844,8.035864,8.174072],"closes":[10.94116,11.391333,11.150833,10.234326,9.594682,9.852448,10.291896,10.087033,10.701621,10.574801,9.151971,9.264462,9.54066,7.836628,8.135074,8.835501,8.253049,8.84],"hoverRows":[[{"label":"Open","value":"9.77","className":"is-ohlc","compact":true},{"label":"High","value":"11.0","className":"is-ohlc","compact":true},{"label":"Low","value":"9.74","className":"is-ohlc","compact":true},{"label":"Close","value":"10.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"11.0","className":"is-ohlc","compact":true},{"label":"High","value":"11.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.9","className":"is-ohlc","compact":true},{"label":"Close","value":"11.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"10.9","className":"is-ohlc","compact":true},{"label":"High","value":"11.3","className":"is-ohlc","compact":true},{"label":"Low","value":"9.59","className":"is-ohlc","compact":true},{"label":"Close","value":"11.2","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.22","className":"is-ohlc","compact":true},{"label":"High","value":"9.74","className":"is-ohlc","compact":true},{"label":"Low","value":"9.22","className":"is-ohlc","compact":true},{"label":"Close","value":"9.26","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.50","className":"is-ohlc","compact":true},{"label":"High","value":"9.54","className":"is-ohlc","compact":true},{"label":"Low","value":"9.50","className":"is-ohlc","compact":true},{"label":"Close","value":"9.54","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.43","className":"is-ohlc","compact":true},{"label":"High","value":"9.43","className":"is-ohlc","compact":true},{"label":"Low","value":"7.51","className":"is-ohlc","compact":true},{"label":"Close","value":"7.84","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.04","className":"is-ohlc","compact":true},{"label":"High","value":"9.05","className":"is-ohlc","compact":true},{"label":"Low","value":"8.04","className":"is-ohlc","compact":true},{"label":"Close","value":"8.14","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.99","className":"is-ohlc","compact":true},{"label":"High","value":"9.48","className":"is-ohlc","compact":true},{"label":"Low","value":"7.70","className":"is-ohlc","compact":true},{"label":"Close","value":"8.84","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.75","className":"is-ohlc","compact":true},{"label":"High","value":"9.97","className":"is-ohlc","compact":true},{"label":"Low","value":"8.04","className":"is-ohlc","compact":true},{"label":"Close","value":"8.25","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.40","className":"is-ohlc","compact":true},{"label":"High","value":"9.67","className":"is-ohlc","compact":true},{"label":"Low","value":"8.17","className":"is-ohlc","compact":true},{"label":"Close","value":"8.84","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[7.623346,11.604615],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":10.94116},{"date":"2026-06-12","price":10.701621}],"reversal_dangers":[{"date":"2026-04-24","price":11.391333},{"date":"2026-06-19","price":10.574801}]}},"smTape":{"available":true,"dates":["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":[10.9412,11.3913,11.1508,10.2343,9.5947,9.8524,10.2919,10.087,10.7016,10.5748,9.152,9.2645,9.5407,7.8366,8.1351,8.8355,8.253,8.84],"consensus":[95.2381,71.8754,79.1209,-40.8725,-58.8664,-10.7896,0.0,-27.0108,33.2711,18.332,-64.8377,-33.835,0.0,-76.2965,-34.2504,8.8133,-51.2715,-17.3491],"supportDates":["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":[null,null,null,null,null,-7.3396,0.0,-31.7882,37.7248,20.3921,-68.3072,-33.5456,0.0,-68.4178,-33.1982,11.3573,-42.7055,-5.9636],"force":[95.2381,71.8754,79.1209,-40.8725,-34.8737,-12.3066,0.0,-31.7412,34.8569,16.2377,-69.0876,-12.3394,0.0,-92.6566,-0.8954,61.2596,-76.6842,-57.7765],"direction":[null,null,null,null,-76.004,-48.0059,0.0,-18.172,27.0486,17.4735,-57.8368,-49.5197,0.0,-73.6149,-60.5569,31.5558,-42.9092,-1.4845],"intensity":[null,null,null,null,50.0,40.0,16.6667,28.5714,25.0,11.1111,100.0,9.0909,25.0,100.0,28.5714,46.6667,37.5,41.1765],"confirmation":[53.1429,45.6668,47.9854,35.7459,63.0738,7.2162,28.777,76.7148,78.6272,73.771,88.8247,78.1765,29.9093,93.0335,55.4294,33.7784,85.3119,29.624],"persistence":[null,null,100.0,50.0,20.0,0.0,0.0,12.5,12.5,12.5,37.5,37.5,25.0,25.0,37.5,12.5,37.5,37.5],"assessmentRisk":[null,null,null,null,20.0397,44.3446,46.7127,0.9815,31.9432,35.7587,15.0389,26.9759,44.1828,11.809,27.7729,30.5133,21.644,35.306],"volumeParticipation":true,"latest":{"consensus":-17.3,"control":-6.0,"force":-57.8,"direction":-1.5,"confirmation":29.6,"persistence":37.5,"assessmentRisk":35.3,"intensity":41.2,"evidenceDepth":69},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-17.3","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-6.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-57.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-1.5","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"30/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"55.0","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"13.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"34%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[10.9412,11.3913,11.1508,10.2343,9.5947,9.8524,10.2919,10.087,10.7016,10.5748,9.152,9.2645,9.5407,7.8366,8.1351,8.8355,8.253,8.84],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10.6615,10.5144,10.474,10.4036,10.4578,10.4791,10.2378,10.0608,9.9662,9.579,9.3165,9.229,9.0516,9.0131],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10.3952,10.2057,10.0523,9.9622,9.8356,9.7618],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,11.5736,11.6526,11.6469,11.5926,11.8507,11.9051,11.8442,11.8314,11.7651],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9.3904,9.0696,8.8926,8.8346,8.237,7.9281,7.8538,7.6789,7.6435],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,4.1145,-2.1113,-8.2192,-6.25,2.6866,4.4603,-1.9905,6.0929,-1.1851,-13.4549,1.2291,2.9813,-17.8607,3.8083,8.61,-6.5922,7.1119],"stroke":"#176fa3","width":1.7},{"label":"Cumulative 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range","values":[11.2701,5.4983,15.5822,13.8993,8.2587,12.7907,10.9487,9.1876,0.4558,1.5683,4.9896,5.6842,0.4036,24.57,12.426,20.0933,23.445,16.9746],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[12.0241,3.9286,1.9197,-6.9444,-3.8277,4.878,2.183,-8.0889,0.4579,1.5933,-4.7525,0.5291,0.4053,-16.9388,1.1976,10.5728,-15.3846,5.2239],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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