{"schema_version":"1.0","name":"BMNG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1a62e3b5-fe63-4017-bedb-b47a5773859f","symbol":"BMNG","name":"LEVERAGE SHARES 2X LONG BMNR DAILY ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened 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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Directional strength and control, Acceleration, deceleration and rollover, 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":"2026-08-21","observations":43,"displayedObservations":43,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","take":"The underlying condition is constructive, but a positive price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.20114,0.261372,0.259213,0.246625,0.240362,0.223043,0.173228,0.239581,0.338534,0.454424,0.575747,0.665085,0.754289,0.846872,0.996114],"opens":[28.51,21.41,20.915,19.11,15.02,15.62,13.985,9.67,10.45,10.905,12.56,13.405,13.3,16.27,15.195],"highs":[31.85,22.23,22.525,21.14,16.05,16.73,15.33,11.77,13.11,14.1,16.2,15.88,17.235,16.44,24.385],"lows":[22.58,18.96,17.88,13.15,12.63,12.54,8.66,8.39,9.99,10.28,11.63,12.61,12.99,13.925,15.09],"closes":[22.62,20.03,20.7036,13.72,13.8012,13.75,9.4,10.5,11.25,12.1323,12.0943,13.9379,16.45,15.1403,23.38],"hoverRows":[[{"label":"Open","value":"28.5","className":"is-ohlc","compact":true},{"label":"High","value":"31.9","className":"is-ohlc","compact":true},{"label":"Low","value":"22.6","className":"is-ohlc","compact":true},{"label":"Close","value":"22.6","className":"is-ohlc","compact":true},{"label":"Market 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strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[8.5612,24.2188],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.996114,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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":"Extended but supported","detail":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","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 is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and 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":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-31","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":[251.322,178.0,127.4,69.588,107.8,108.4,111.0,87.0,69.2,82.0,75.2,79.8,66.2,49.2,30.4,31.2,28.6,25.0,24.0,27.8,28.2,21.4,23.4,27.6,32.0,29.4,28.2,28.77,22.62,20.03,20.7036,13.72,13.8012,13.75,9.4,10.5,11.25,12.1323,12.0943,13.9379,16.45,15.1403,23.38],"consensus":[-62.9949,-18.0253,-85.1685,-42.4023,-39.3153,-19.9949,-24.3514,-28.3514,-42.987,0.0,-32.5771,-16.2975,-20.5187,-42.6389,-42.3621,-22.6574,-22.2475,-33.2963,-28.5739,-14.6624,-19.2972,-31.0256,-8.4007,0.0,0.0,-11.156,0.0,0.0,-25.851,-17.8408,0.0,-32.0523,-17.9663,-17.6041,-30.2433,0.0,-10.6848,0.0,-12.1382,0.0,16.6907,0.0,43.2034],"supportDates":["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,-11.9826,-28.9351,-31.3293,-46.2192,0.0,-34.4124,-20.3761,-17.0557,-43.564,-36.8404,-13.3319,-18.9528,-41.375,-40.5701,-21.8821,-28.9943,-41.4011,-11.8962,0.0,0.0,-20.2655,0.0,0.0,-37.2223,-23.8633,0.0,-41.9457,-23.2821,-24.4833,-39.8163,0.0,-16.0065,0.0,-25.0112,0.0,16.7105,0.0,41.4649],"force":[-62.9949,-18.0253,-85.1685,-42.4023,-8.2262,-0.7273,-11.5653,-29.5127,-38.4604,0.0,-23.4406,-1.7025,-17.1412,-42.1618,-40.3947,-0.0235,-8.6027,-21.8982,-14.4917,-4.4607,-7.6798,-30.2644,-6.7323,0.0,0.0,-11.1465,0.0,0.0,-24.0898,-11.1666,0.0,-27.4509,-8.1902,-9.2025,-23.9099,0.0,-1.8108,0.0,-8.0032,0.0,19.6431,0.0,53.1929],"direction":[null,null,null,null,-73.2736,-42.9144,-28.2458,-24.1185,-42.5263,0.0,-37.0057,-24.4933,-26.8889,-41.9224,-50.0781,-49.4823,-35.7591,-32.205,-24.9226,-20.0707,-16.5129,-19.7116,-15.215,0.0,0.0,-0.7519,0.0,0.0,-14.1132,-15.7253,0.0,-24.0322,-18.8741,-15.7433,-23.8266,0.0,-10.9414,0.0,-0.3798,0.0,14.5593,0.0,38.0549],"intensity":[null,null,null,null,25.0,20.0,33.3333,71.4286,25.0,22.2222,30.0,9.0909,50.0,38.4615,57.1429,20.0,6.25,11.7647,5.5556,21.0526,10.0,33.3333,27.2727,26.087,37.5,8.0,26.9231,11.1111,46.4286,55.1724,3.3333,51.6129,40.625,3.0303,35.2941,20.0,8.3333,5.4054,15.7895,15.3846,20.0,9.7561,66.6667],"confirmation":[42.825,28.4347,49.9206,36.2354,13.04,51.2666,75.3329,77.0625,81.5686,6.465,78.1183,50.301,74.5158,81.6158,81.5801,52.036,74.7536,78.1843,76.5317,50.2841,51.0066,77.7469,48.9433,2.9698,25.2015,48.7641,0.7166,24.5936,76.0454,73.4139,24.8387,77.9657,73.3703,73.2724,77.339,48.1771,48.4009,24.5922,48.8954,1.889,73.4307,24.8101,82.156],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,62.5,50.0,50.0,50.0,37.5,50.0,62.5,62.5,75.0,75.0,75.0,62.5,75.0,62.5,37.5,25.0,0.0],"assessmentRisk":[null,null,null,null,30.2051,36.5997,7.3722,36.228,18.8947,30.2608,23.5926,2.9479,5.365,19.0137,26.3937,37.5789,37.9945,32.3371,12.9147,8.2075,7.5192,4.2419,0.1691,1.6829,20.473,45.8837,34.3828,20.9882,36.5749,40.5774,45.0207,33.9309,40.2107,38.0862,34.7466,33.3452,28.7762,23.9515,44.1938,41.6393,38.7888,41.5115,28.2708],"volumeParticipation":true,"latest":{"consensus":43.2,"control":41.5,"force":53.2,"direction":38.1,"confirmation":82.2,"persistence":0.0,"assessmentRisk":28.3,"intensity":66.7,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+43.2","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+41.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+53.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+38.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"82/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"21.7","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"56.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"44.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"52%","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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