{"schema_version":"1.0","name":"CEGS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1ab97584-519c-4a56-a384-1102214b296a","symbol":"CEGS","name":"Constellation Energy Corporation","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Directional strength and control, Range pressure and compression, Activity pressure and cumulative balance."},{"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":45,"displayedObservations":45,"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 has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","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","2026-08-21"],"values":[0.382957,0.5761,0.566897,0.555152,0.472602,0.187736,-0.020551,-0.187017,-0.375319,-0.426644,-0.415413,-0.53274,-0.445566,-0.326349,-0.136621,0.111693,0.262463],"opens":[21.726719,21.467116,21.596917,17.9,20.9,17.950001,17.18,19.469999,18.33,16.870001,17.190001,16.854263,17.483303,18.831246,18.831244,18.521717,19.530177],"highs":[21.786626,22.475571,21.596917,20.4,21.35,17.950001,17.42,19.469999,18.42,16.98,17.280001,17.343517,19.080864,18.901139,19.050908,19.520191,19.530177],"lows":[20.30889,20.838079,18.35,17.66,19.35,17.43,17.0,18.799999,17.9,16.209999,17.15,16.78437,17.193745,17.533226,17.872707,18.322023,18.120001],"closes":[21.187544,20.838079,18.440001,20.23,19.76,17.5,17.41,19.0,18.120001,16.98,17.24,17.193745,18.741383,17.952585,18.471794,19.320498,18.66],"hoverRows":[[{"label":"Open","value":"21.7","className":"is-ohlc","compact":true},{"label":"High","value":"21.8","className":"is-ohlc","compact":true},{"label":"Low","value":"20.3","className":"is-ohlc","compact":true},{"label":"Close","value":"21.2","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.5","className":"is-ohlc","compact":true},{"label":"High","value":"19.5","className":"is-ohlc","compact":true},{"label":"Low","value":"18.3","className":"is-ohlc","compact":true},{"label":"Close","value":"19.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.11","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.5","className":"is-ohlc","compact":true},{"label":"High","value":"19.5","className":"is-ohlc","compact":true},{"label":"Low","value":"18.1","className":"is-ohlc","compact":true},{"label":"Close","value":"18.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.26","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[16.727547,21.439997],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.262463,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"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":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":17,"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","2026-08-21"],"close":[27.0129,27.1524,26.3954,24.8216,24.1642,23.7025,25.9362,25.0886,24.4903,24.6698,24.929,25.4675,23.6327,21.2994,20.0031,19.4247,18.0586,19.8535,20.372,22.7353,22.0572,20.8181,19.3603,20.8381,18.7413,19.7198,20.3189,21.547,21.1875,20.8381,18.44,20.23,19.76,17.5,17.41,19.0,18.12,16.98,17.24,17.1937,18.7414,17.9526,18.4718,19.3205,18.66],"consensus":[-98.5402,98.6441,-83.5165,-9.2573,-65.7565,-46.171,22.5006,-23.9215,-29.9401,0.0,-11.4921,15.9854,-51.9522,-75.6175,-77.5755,-67.057,-64.9221,0.0,-13.7603,51.8483,0.0,-29.0526,-55.3717,0.0,-63.7686,0.0,12.6891,33.9167,0.0,-10.9535,-60.1913,25.3119,-27.7421,-58.7577,-15.0894,0.0,-31.4708,-20.3389,-11.7417,-18.2998,36.1297,-23.7644,15.8884,43.0245,14.6694],"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","2026-08-21"],"control":[null,null,null,null,null,-39.8026,37.8371,-29.9471,-34.8093,0.0,-4.6522,17.6151,-43.3959,-68.5622,-73.003,-64.5147,-56.1158,0.0,-24.1748,45.6826,0.0,-37.4958,-53.1269,0.0,-59.9534,0.0,6.9284,35.0459,0.0,-20.3077,-57.3162,30.0413,-25.267,-62.7798,-6.3755,0.0,-31.7561,-16.6769,-10.6989,-10.3171,32.1434,-28.237,4.3823,37.0074,16.0513],"force":[-98.5402,98.6441,-83.5165,-9.2573,-33.5638,-27.466,38.2824,-28.4958,-34.3762,0.0,-0.9116,24.9541,-75.0249,-90.5393,-85.9272,-56.6774,-74.7864,0.0,-20.6232,94.19,0.0,-44.5249,-81.2849,0.0,-90.8296,0.0,37.2511,51.4575,0.0,-28.7681,-91.6356,72.959,-41.5961,-66.8242,-5.3202,0.0,-27.9047,-6.6221,-8.2341,-1.1262,77.4812,-51.7198,35.9288,63.3981,38.8173],"direction":[null,null,null,null,-88.7512,-66.81,6.2995,-13.7679,-21.2067,0.0,-26.8666,7.7168,-45.2501,-73.0224,-76.8358,-77.3765,-67.9405,0.0,-26.4175,28.6509,0.0,-8.3517,-39.4276,0.0,-48.7996,0.0,1.7285,20.0972,0.0,-12.4618,-41.0168,14.1267,-20.6752,-48.3991,-39.6266,0.0,-33.692,-34.3218,-27.2019,-39.6897,11.1488,-1.3154,14.7237,35.3486,4.1583],"intensity":[null,null,null,null,25.0,20.0,66.6667,42.8571,25.0,55.5556,60.0,27.2727,83.3333,76.9231,64.2857,53.3333,87.5,52.9412,55.5556,78.9474,40.0,33.3333,45.4545,47.8261,66.6667,28.0,23.0769,33.3333,35.7143,17.2414,90.0,58.0645,56.25,100.0,5.8824,68.5714,27.7778,56.7568,21.0526,2.5641,60.0,19.5122,7.1429,25.5814,15.9091],"confirmation":[54.1995,54.2328,49.3919,25.629,64.9037,82.3017,54.1247,75.7025,77.6418,25.5352,26.1259,50.6972,85.4582,92.7599,93.1484,89.1806,89.2099,36.4789,30.263,85.9758,27.0882,77.6397,86.5429,31.217,89.2888,8.2328,27.5635,79.3707,25.9018,29.2307,88.2633,35.1602,77.3374,86.987,28.141,25.9086,77.9576,51.4796,27.5877,50.7875,80.8825,54.0024,51.2037,82.4804,51.6295],"persistence":[null,null,33.3333,50.0,60.0,66.6667,42.8571,50.0,50.0,62.5,62.5,37.5,37.5,37.5,62.5,62.5,62.5,62.5,62.5,62.5,50.0,50.0,50.0,37.5,37.5,37.5,12.5,12.5,12.5,12.5,12.5,0.0,0.0,12.5,37.5,50.0,62.5,62.5,62.5,87.5,62.5,62.5,37.5,25.0,25.0],"assessmentRisk":[null,null,null,null,17.1134,26.9141,29.6269,23.5872,29.8866,38.0744,33.0749,10.9349,8.2462,11.9412,11.1954,16.4692,17.5342,42.0864,20.7571,23.432,49.9682,45.4771,3.8733,46.8029,16.9512,32.9405,23.6379,6.7392,43.7624,40.1511,13.5923,48.2842,25.9848,19.738,23.9154,31.4398,25.8657,8.9218,0.8397,35.7063,4.6003,43.9318,29.0629,26.0802,3.4576],"volumeParticipation":true,"latest":{"consensus":14.7,"control":16.1,"force":38.8,"direction":4.2,"confirmation":51.6,"persistence":25.0,"assessmentRisk":3.5,"intensity":15.9,"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":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+14.7","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+16.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+38.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+4.2","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"52/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"46.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"8.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"33.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"36%","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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from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}