{"schema_version":"1.0","name":"MEX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"1690454f-bfb6-44fa-99ca-d45e05025d9a","symbol":"MEX","name":"Minerals Exploration Limited","exchange":"NZE","country":"NZ","asset_type":"equity","currency":"NZD","sector":"Basic Materials","industry":"Gold"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, Directional strength and control, Activity pressure and cumulative balance, Range position and boundary 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":44,"displayedObservations":44,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","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"],"values":[-1.065967,-1.377132,-1.350893,-1.339343,-1.376586,-1.466699,-1.500042,-1.503189,-1.440014,-1.29753,-1.089869,-0.847547,-0.582493,-0.354862,-0.189304,-0.078294],"opens":[0.137,0.13,0.128,0.124,0.118,0.079,0.071,0.071,0.077,0.076,0.077,0.078,0.075,0.082,0.082,0.08],"highs":[0.137,0.13,0.128,0.125,0.118,0.079,0.071,0.071,0.078,0.076,0.081,0.078,0.082,0.082,0.082,0.08],"lows":[0.129,0.127,0.123,0.12,0.079,0.076,0.071,0.071,0.077,0.076,0.077,0.074,0.074,0.082,0.068,0.079],"closes":[0.13,0.128,0.124,0.12,0.079,0.076,0.071,0.071,0.077,0.076,0.077,0.075,0.082,0.082,0.08,0.079],"hoverRows":[[{"label":"Open","value":"0.14","className":"is-ohlc","compact":true},{"label":"High","value":"0.14","className":"is-ohlc","compact":true},{"label":"Low","value":"0.13","className":"is-ohlc","compact":true},{"label":"Close","value":"0.13","className":"is-ohlc","compact":true},{"label":"Market 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weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","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 below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"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"],"close":[0.305,0.275,0.245,0.24,0.225,0.23,0.22,0.22,0.23,0.18,0.23,0.23,0.255,0.285,0.285,0.275,0.26,0.24,0.215,0.19,0.19,0.19,0.17,0.144,0.14,0.14,0.14,0.138,0.13,0.128,0.124,0.12,0.079,0.076,0.071,0.071,0.077,0.076,0.077,0.075,0.082,0.082,0.08,0.079],"consensus":[-100.0,0.0,-50.0,-41.4286,-64.5861,-31.5957,-45.6414,-27.5403,0.0,-68.7369,29.6923,-14.8574,49.7569,67.0314,29.047,9.0084,-16.4806,-41.0464,-56.2614,-61.8969,-46.0366,-33.6576,-63.2502,-70.9324,-45.7059,-39.5078,-38.0487,-45.9486,-53.7756,-41.7984,-48.6649,-53.9457,-85.6306,-58.52,-47.3935,-41.7528,-35.0475,-30.0041,-32.5496,-33.8319,13.7757,-13.2166,-14.6845,-27.196],"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"],"control":[null,null,null,null,null,-26.1596,-52.6961,-24.3197,0.0,-74.0282,32.7996,-28.03,44.3856,58.3219,17.3245,5.9511,-27.4718,-44.5161,-63.6773,-72.3006,-52.4143,-29.558,-74.2037,-81.296,-43.9795,-34.067,-33.4194,-58.3016,-62.5664,-44.3311,-54.0955,-63.1876,-90.6048,-64.9219,-43.4904,-36.3773,-47.9448,-35.8614,-52.8308,-49.9693,10.886,-25.9109,-17.6498,-50.2323],"force":[-100.0,0.0,-50.0,-41.4286,-34.152,-7.8498,-27.1562,-4.9484,0.0,-59.4496,74.1134,-8.7862,81.8325,85.9473,5.7656,19.4534,-38.1005,-53.0148,-58.4295,-54.1791,-21.8763,-9.9476,-49.774,-62.0176,-18.9116,-10.1679,-9.2385,-19.0375,-37.7901,-17.808,-26.4806,-32.1536,-99.0927,-30.6752,-20.0073,-10.4099,-4.3683,-2.2577,-3.292,-13.3522,63.026,-5.1633,-10.0544,-13.5066],"direction":[null,null,null,null,-86.3248,-54.7698,-50.7827,-47.3581,0.0,-69.3235,5.5882,-4.1395,32.9845,63.4738,59.0737,46.4349,-11.5236,-28.5321,-46.2373,-55.5197,-56.0053,-55.2785,-60.3579,-65.456,-66.8178,-66.6829,-63.9179,-51.0531,-55.1472,-56.04,-58.3044,-58.9494,-70.33,-71.0928,-71.4156,-70.284,-48.4619,-43.1289,-30.2693,-30.0175,18.1007,-11.8374,-14.6028,-10.6471],"intensity":[null,null,null,null,50.0,40.0,50.0,57.1429,50.0,88.8889,90.0,90.9091,50.0,61.5385,64.2857,33.3333,62.5,41.1765,66.6667,47.3684,40.0,4.7619,36.3636,60.8696,62.5,8.0,3.8462,11.1111,25.0,24.1379,16.6667,19.3548,84.375,81.8182,29.4118,5.7143,30.5556,13.5135,28.9474,17.9487,37.5,41.4634,52.381,51.1628],"confirmation":[54.6667,1.5238,38.6667,35.9238,64.6096,54.8031,81.9344,53.5068,28.7818,89.6321,57.3335,49.7019,84.9816,90.1593,54.0975,7.6629,30.8902,81.4467,85.9567,87.4133,81.8982,78.1103,87.6625,90.2688,81.8356,79.8312,79.3681,81.6952,84.5871,80.6058,82.8139,84.4577,95.7363,85.7803,82.3908,80.4876,56.0827,53.9998,54.5485,77.9562,32.4813,49.9106,72.5127,83.9345],"persistence":[null,null,66.6667,75.0,80.0,83.3333,85.7143,87.5,75.0,87.5,62.5,62.5,37.5,12.5,12.5,37.5,25.0,25.0,0.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,17.7069,34.0563,25.2541,32.0432,15.7435,15.2004,3.548,26.5663,12.9354,16.4535,34.3384,43.4526,18.6578,27.1961,21.5094,18.9205,26.5603,31.2624,16.677,14.0067,26.8212,30.1154,30.6361,3.0269,10.2723,19.6014,21.3121,20.9776,7.1616,20.7222,26.2904,29.1018,8.3964,15.0021,41.2703,34.5276,13.8706,30.8853,20.2954,30.5403],"volumeParticipation":true,"latest":{"consensus":-27.2,"control":-50.2,"force":-13.5,"direction":-10.6,"confirmation":83.9,"persistence":75.0,"assessmentRisk":30.5,"intensity":51.2,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-27.2","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-50.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-13.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-10.6","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"84/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"19.7","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"13.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"56.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"7%","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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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}