{"schema_version":"1.0","name":"3469 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1a83cbc3-2a28-421e-91d3-9040dabcdf8c","symbol":"3469","name":"Csop Asset Management Limited - CSOP Hang Seng Stock Connect High Dividend ETF","exchange":"HKG","country":"HK","asset_type":"etf","currency":"HKD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","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, Range pressure and compression, Directional strength and control, Drawdown and recovery pressure, Range position and boundary pressure."},{"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 improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms 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":[-0.428088,-0.527418,-0.596581,-0.613018,-0.737779,-0.983931,-1.13843,-1.339714,-1.467948,-1.475105,-1.416193,-1.165715,-0.849796,-0.630043,-0.426643,-0.318128],"opens":[8.55,8.655,8.57,8.405,8.41,8.325,8.295,7.5,7.375,7.58,7.835,7.915,8.05,8.2,7.985,7.965],"highs":[8.665,8.755,8.57,8.415,8.415,8.34,8.345,7.5,7.475,7.6,7.845,8.13,8.365,8.2,8.035,8.265],"lows":[8.5,8.615,8.4,8.175,8.405,8.295,7.84,7.47,7.375,7.575,7.79,7.915,8.05,7.94,7.9,7.965],"closes":[8.655,8.615,8.405,8.35,8.405,8.295,7.84,7.47,7.46,7.575,7.8,8.05,8.24,7.94,7.955,8.265],"hoverRows":[[{"label":"Open","value":"8.55","className":"is-ohlc","compact":true},{"label":"High","value":"8.66","className":"is-ohlc","compact":true},{"label":"Low","value":"8.50","className":"is-ohlc","compact":true},{"label":"Close","value":"8.65","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.43","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.65","className":"is-ohlc","compact":true},{"label":"High","value":"8.76","className":"is-ohlc","compact":true},{"label":"Low","value":"8.62","className":"is-ohlc","compact":true},{"label":"Close","value":"8.62","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.53","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.57","className":"is-ohlc","compact":true},{"label":"High","value":"8.57","className":"is-ohlc","compact":true},{"label":"Low","value":"8.40","className":"is-ohlc","compact":true},{"label":"Close","value":"8.40","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.60","note":"Cautious and weakening","className":"is-negative","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":"8.41","className":"is-ohlc","compact":true},{"label":"Low","value":"8.18","className":"is-ohlc","compact":true},{"label":"Close","value":"8.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.61","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.41","className":"is-ohlc","compact":true},{"label":"High","value":"8.41","className":"is-ohlc","compact":true},{"label":"Low","value":"8.40","className":"is-ohlc","compact":true},{"label":"Close","value":"8.40","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.74","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"8.32","className":"is-ohlc","compact":true},{"label":"High","value":"8.34","className":"is-ohlc","compact":true},{"label":"Low","value":"8.29","className":"is-ohlc","compact":true},{"label":"Close","value":"8.29","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.98","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"8.29","className":"is-ohlc","compact":true},{"label":"High","value":"8.35","className":"is-ohlc","compact":true},{"label":"Low","value":"7.84","className":"is-ohlc","compact":true},{"label":"Close","value":"7.84","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.14","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.50","className":"is-ohlc","compact":true},{"label":"High","value":"7.50","className":"is-ohlc","compact":true},{"label":"Low","value":"7.47","className":"is-ohlc","compact":true},{"label":"Close","value":"7.47","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.34","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.38","className":"is-ohlc","compact":true},{"label":"High","value":"7.47","className":"is-ohlc","compact":true},{"label":"Low","value":"7.38","className":"is-ohlc","compact":true},{"label":"Close","value":"7.46","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.47","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.58","className":"is-ohlc","compact":true},{"label":"High","value":"7.60","className":"is-ohlc","compact":true},{"label":"Low","value":"7.58","className":"is-ohlc","compact":true},{"label":"Close","value":"7.58","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.48","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.83","className":"is-ohlc","compact":true},{"label":"High","value":"7.84","className":"is-ohlc","compact":true},{"label":"Low","value":"7.79","className":"is-ohlc","compact":true},{"label":"Close","value":"7.80","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.42","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.92","className":"is-ohlc","compact":true},{"label":"High","value":"8.13","className":"is-ohlc","compact":true},{"label":"Low","value":"7.92","className":"is-ohlc","compact":true},{"label":"Close","value":"8.05","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.17","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.05","className":"is-ohlc","compact":true},{"label":"High","value":"8.37","className":"is-ohlc","compact":true},{"label":"Low","value":"8.05","className":"is-ohlc","compact":true},{"label":"Close","value":"8.24","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.85","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.20","className":"is-ohlc","compact":true},{"label":"High","value":"8.20","className":"is-ohlc","compact":true},{"label":"Low","value":"7.94","className":"is-ohlc","compact":true},{"label":"Close","value":"7.94","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.63","note":"Cautious but repairing","className":"is-negative","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":"8.04","className":"is-ohlc","compact":true},{"label":"Low","value":"7.90","className":"is-ohlc","compact":true},{"label":"Close","value":"7.96","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.43","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.96","className":"is-ohlc","compact":true},{"label":"High","value":"8.27","className":"is-ohlc","compact":true},{"label":"Low","value":"7.96","className":"is-ohlc","compact":true},{"label":"Close","value":"8.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[7.3883,8.7267],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.318128,"state":"Negative but repairing over four 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":[{"date":"2026-06-05","price":8.405}],"reversal_dangers":[{"date":"2026-06-12","price":8.295}]}},"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":[8.12,8.1,8.36,8.51,8.245,8.305,8.395,8.205,8.15,8.18,8.135,8.24,8.32,8.415,8.625,8.7,8.805,8.82,8.89,8.795,8.745,8.6,8.435,8.41,8.495,8.465,8.57,8.55,8.655,8.615,8.405,8.35,8.405,8.295,7.84,7.47,7.46,7.575,7.8,8.05,8.24,7.94,7.955,8.265],"consensus":[54.8387,-100.0,96.4912,-19.3333,0.0,35.5746,41.2016,-43.6877,-30.38,0.0,-17.5043,29.6608,50.1712,60.5856,73.8735,70.7695,54.8054,41.2815,50.5341,0.0,0.0,-35.5408,-52.4706,-17.8634,0.0,-32.8189,27.1493,0.0,43.4932,0.0,-62.7862,-39.1131,-30.7838,-56.1591,-82.1538,-74.4482,-34.6105,-44.785,-22.111,38.7461,52.6384,-35.5224,0.0,-62.0224],"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,33.4647,50.4686,-37.8064,-20.6806,0.0,-0.2212,34.7195,37.5498,48.4039,64.0168,63.9085,39.5359,36.1657,36.612,0.0,0.0,-34.6754,-43.9065,-3.2381,0.0,-36.1404,29.9149,0.0,45.4088,0.0,-59.9391,-26.5625,-31.9972,-63.7836,-80.1691,-83.3857,-18.2622,-45.4468,-24.2741,31.6934,44.6892,-49.6637,0.0,-59.4003],"force":[54.8387,-100.0,96.4912,-19.3333,0.0,27.0523,28.0255,-64.7538,-39.9771,0.0,-5.3648,42.284,72.4435,76.3061,86.499,73.9327,62.8949,13.2479,49.7994,0.0,0.0,-67.3685,-78.0871,-0.5223,0.0,-26.2373,37.5134,0.0,55.2244,0.0,-91.6311,-43.4807,-10.5397,-43.6135,-99.577,-54.3149,-2.0704,-0.0891,-16.4756,82.511,81.0767,-64.1054,0.0,-92.7479],"direction":[null,null,null,null,0.0,44.0732,40.0223,-35.3621,-34.6098,0.0,-46.4331,14.8628,48.6868,63.2787,76.1199,76.3512,66.478,67.1522,66.9698,0.0,0.0,-13.7956,-43.9607,-46.9645,0.0,-33.7242,16.5858,0.0,32.9246,0.0,-45.4366,-50.3369,-43.8573,-56.4064,-71.9768,-78.615,-79.4947,-75.9543,-47.2007,15.5456,41.4101,-1.0556,0.0,-43.0724],"intensity":[null,null,null,null,75.0,40.0,16.6667,57.1429,37.5,33.3333,10.0,45.4545,58.3333,46.1538,92.8571,13.3333,93.75,47.0588,55.5556,57.8947,30.0,52.381,77.2727,60.8696,62.5,4.0,38.4615,11.1111,32.1429,51.7241,80.0,80.6452,81.25,42.4242,100.0,100.0,16.6667,70.2703,81.5789,89.7436,77.5,92.6829,54.7619,93.0233],"confirmation":[40.2151,54.6667,53.5439,28.8533,12.1242,79.1563,80.6418,82.7117,78.1619,4.712,28.2154,77.7991,84.9259,88.0521,92.1745,90.8472,86.0169,80.4337,84.3607,11.3089,29.4061,80.3562,85.7018,28.0773,30.6798,78.2509,76.9615,3.5492,82.2462,30.0031,89.0141,80.8405,77.2154,85.4724,94.8504,91.0737,55.9816,58.2923,32.0481,81.84,85.8321,57.5813,2.3273,88.8235],"persistence":[null,null,33.3333,0.0,0.0,16.6667,28.5714,12.5,12.5,0.0,25.0,0.0,12.5,12.5,12.5,37.5,62.5,75.0,100.0,87.5,75.0,50.0,25.0,0.0,12.5,37.5,37.5,37.5,25.0,12.5,12.5,12.5,25.0,25.0,50.0,62.5,87.5,100.0,100.0,75.0,50.0,50.0,37.5,12.5],"assessmentRisk":[null,null,null,null,24.8476,23.1848,10.0397,25.345,11.1012,30.4321,38.458,2.8121,17.0692,16.7801,12.961,14.5387,22.5536,29.3405,24.3671,33.8787,34.0764,31.3596,23.7443,40.9969,50.4409,26.5805,29.3104,47.3726,25.4,49.461,15.1226,28.9827,34.0379,21.7637,8.8747,12.773,32.6934,27.5857,0.5825,30.3169,23.6212,64.3388,31.955,5.2919],"volumeParticipation":true,"latest":{"consensus":-62.0,"control":-59.4,"force":-92.7,"direction":-43.1,"confirmation":88.8,"persistence":12.5,"assessmentRisk":5.3,"intensity":93.0,"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":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-62.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-59.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-92.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-43.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"89/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"52.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"22.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"55%","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":[8.12,8.1,8.36,8.51,8.245,8.305,8.395,8.205,8.15,8.18,8.135,8.24,8.32,8.415,8.625,8.7,8.805,8.82,8.89,8.795,8.745,8.6,8.435,8.41,8.495,8.465,8.57,8.55,8.655,8.615,8.405,8.35,8.405,8.295,7.84,7.47,7.46,7.575,7.8,8.05,8.24,7.94,7.955,8.265],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,8.228,8.242,8.2698,8.258,8.2384,8.2278,8.2109,8.2162,8.2351,8.2678,8.3327,8.3995,8.4732,8.5363,8.6006,8.6359,8.6558,8.6456,8.6073,8.5715,8.5576,8.5407,8.546,8.5468,8.5664,8.5753,8.5443,8.509,8.4901,8.4546,8.3429,8.1842,8.0525,7.9657,7.9356,7.9564,8.0079,7.9956,7.9882,8.0385],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,8.2013,8.2172,8.2474,8.2809,8.3197,8.3568,8.3963,8.4258,8.4495,8.4606,8.4587,8.4551,8.4581,8.4586,8.4668,8.473,8.4865,8.496,8.4892,8.4789,8.4735,8.4602,8.4143,8.3443,8.2788,8.2267,8.1951,8.1843,8.1885,8.1701,8.1541,8.1623],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,8.5097,8.4968,8.4857,8.4854,8.5038,8.5817,8.6612,8.7515,8.8228,8.8958,8.9332,8.9647,8.9681,8.9696,8.9651,8.9666,8.9678,8.9756,8.9734,8.9696,8.9583,8.9281,8.9152,8.9078,8.9186,9.0081,9.1341,9.1856,9.1808,9.1208,9.057,9.0,8.958,8.9332,8.9197],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,8.0043,7.995,8.0052,8.0169,8.0219,7.9923,7.9644,7.932,7.9138,7.8958,7.8983,7.9293,7.9759,7.9819,7.9764,7.9999,8.0147,8.0244,8.0611,8.1154,8.1702,8.2274,8.2513,8.2672,8.2444,8.0764,7.8274,7.6414,7.5217,7.4727,7.462,7.4685,7.4445,7.4213,7.4203],"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,43.5859,149.5679,90.9561,0.0,4.9974,363.9791,227.252,841.5782,206.792,221.2837,0.0,251.4172,89.7923,101.6807,69.0103,123.5093,39.2093,0.0,2.7674,0.0,8.0105,39.8753,157.5033,153.6174,598.2227,16.2618,9.6184,224.5933,11.5151,5.8206,16.9116,10.8044,193.7726,168.8924,23.1128,43.4176,31.4509],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,127.8811,116.3868,123.3072,123.3072,123.6254,135.0,135.0,135.0,135.0,135.0,135.0,135.0,133.13,130.9394,129.4081,126.5905,125.715,125.715,125.6537,125.6537,125.4772,126.3527,122.6524,118.7431,97.0347,97.6076,97.2761,90.4123,90.0809,89.9259,90.3799,90.6429,95.6656,100.245,99.6289,100.7495,101.5602],"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":"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,1.6908,1.8051,1.8587,1.892,1.766,1.7555,1.8832,1.8935,1.9083,2.0014,1.9787,1.8904,1.808,1.775,1.7231,1.7168,1.7176,1.8175,1.9041,1.8117,1.7994,2.2279,2.525,2.4436,2.3666,2.3814,2.4354,2.4824,2.6621,2.5885,2.5813],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,6.1202,6.0859,5.8277,5.6775,5.8326,7.1119,8.3824,9.824,10.8623,11.91,12.2971,12.2581,11.712,11.6522,11.6717,11.3965,11.2252,11.191,10.7123,9.9986,9.2018,8.1691,7.7349,7.4605,7.8562,10.9079,15.4083,18.3542,19.8676,19.8646,19.3117,18.6001,18.454,18.4903,18.3522],"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":"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,27.7702,27.0344,26.3512,26.205,24.5097,23.792,23.1256,23.0303,24.4847,26.6228,28.7746,30.0166,29.8675,28.4941,26.5457,24.9332,23.5708,22.2898],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,28.5499,36.8442,32.9384,39.5519,39.2798,43.7264,38.2578,35.5348,33.2922,30.0524,28.3109,31.0213,31.3917,33.3194,32.9159,30.305,32.6015,29.324,26.1622,25.3645,24.0293,19.0669,16.3953,15.7529,19.8547,27.2145,34.326,38.7564,34.8272,33.1963,37.4513],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,16.0958,13.6589,12.2109,11.0067,10.931,10.1305,15.7636,14.6416,18.0699,26.0429,27.5384,26.4973,25.8171,24.1199,23.1259,21.2916,19.8527,27.91,35.0091,33.9417,37.4191,48.2983,55.5425,57.0886,53.9041,48.3074,42.4994,37.8246,37.7072,37.3289,33.4546],"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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-0.2463,0.0,0.0,-3.114,-2.4089,-1.3514,-3.584,-4.2303,-3.8778,-4.4066,-3.1727,-2.2327,-1.1163,0.0,0.0,0.0,0.0,0.0,-1.0686,-1.631,-3.2621,-5.1181,-5.3993,-4.4432,-4.7807,-3.5996,-3.8245,-2.6434,-3.0934,-5.4556,-6.0742,-5.4556,-6.6929,-11.811,-15.973,-16.0855,-14.7919,-12.261,-9.4488,-7.3116,-10.6862,-10.5174,-7.0304],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,1.2963,0.6173,0.9877,0.4321,1.7284,2.716,3.8889,6.4815,7.4074,8.7037,8.8889,9.7531,8.5802,7.963,6.1728,4.1358,3.8272,4.8765,4.5062,5.8025,5.1014,6.3921,5.9004,3.319,2.6429,3.319,1.9668,0.0,0.0,0.0,1.5416,4.5576,7.9088,10.4558,6.4343,6.6354,10.7909],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,34.1667,25.0,30.0,22.5,40.0,53.3333,69.1667,83.8926,93.9597,86.5591,88.172,90.8163,81.1224,76.0204,61.2245,44.3878,41.8367,50.5102,47.449,55.4348,53.2609,64.6739,60.3261,37.5,31.5217,37.5,25.5435,0.0,0.0,5.296,12.4611,26.4798,42.0561,53.8941,35.2025,36.1371,55.4517],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-4.593,-5.2326,-4.8837,-5.407,-4.186,-3.2558,-2.1512,-1.3722,-0.5146,-1.3998,-1.2318,-1.0022,-2.0601,-2.6169,-4.2316,-6.069,-6.3474,-5.4009,-5.735,-4.5657,-4.7884,-3.6192,-4.0646,-6.4031,-7.0156,-6.4031,-7.6281,-12.6949,-16.8151,-16.9265,-15.6459,-13.1403,-10.3563,-8.2405,-11.5813,-11.4143,-7.9621],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,2.5625,1.875,2.25,1.6875,3.0,4.0,5.1875,7.8125,8.75,10.0625,10.25,11.125,9.9375,9.3125,7.5,5.4375,5.125,6.1875,5.8125,6.3275,6.0794,7.3821,6.8859,4.2804,3.598,4.2804,2.9156,0.0,0.0,1.1525,2.7119,5.7627,9.1525,11.7288,7.661,7.8644,12.0678],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/1a83cbc3-2a28-421e-91d3-9040dabcdf8c/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/1a83cbc3-2a28-421e-91d3-9040dabcdf8c/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/1a83cbc3-2a28-421e-91d3-9040dabcdf8c/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/1a83cbc3-2a28-421e-91d3-9040dabcdf8c/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/1a83cbc3-2a28-421e-91d3-9040dabcdf8c/technical-pack/data.json"},"source_fingerprint":"6d0c123acbecae4b1fd72f48043b90e2a52deaa231fb86ab640afeb321ddf608","content_hash":"91afdfd7fb625264d07e5623c651b928f7a84acf92d7f17c66a6dc8d7c36f5a0","citation":"Sharemaestro, 3469 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/1a83cbc3-2a28-421e-91d3-9040dabcdf8c/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."}