{"schema_version":"1.0","name":"MRVY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1ad4366f-6799-4bcc-87d1-43c2de46e5b1","symbol":"MRVY","name":"IncomeShares Marvell Technology (MRVL) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","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":"2026-08-21","observations":21,"displayedObservations":21,"assetType":"ETF","state":"Rotational","stateTone":"caution","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":["2026-04-03","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"],"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],"opens":[8.697682,10.414334,11.795565,10.615253,11.203513,11.680836,11.709158,13.701819,14.128673,14.626842,17.281425,19.62971,17.148252,16.405001,15.285,12.165,12.11,11.895,10.95,11.8875,12.835],"highs":[9.665255,11.523539,12.499078,11.753821,11.560265,11.951919,12.777306,13.701819,14.994521,19.23463,17.281425,19.62971,17.148252,16.405001,15.285,12.17,13.3075,12.295,11.925,12.775,14.1],"lows":[8.346429,10.414334,11.795565,10.543144,10.638024,11.63633,11.69702,13.701819,13.853545,14.502546,17.281425,19.354485,16.835295,16.389999,15.285,11.85,12.11,10.4275,10.74,11.63,12.185],"closes":[9.404494,11.720523,12.618675,11.178844,11.560265,11.733435,12.437441,13.701819,14.401779,17.45899,17.281425,19.354485,16.835295,16.389999,15.285,11.85,12.425,11.9725,11.84,12.4375,13.135],"hoverRows":[[{"label":"Open","value":"8.70","className":"is-ohlc","compact":true},{"label":"High","value":"9.67","className":"is-ohlc","compact":true},{"label":"Low","value":"8.35","className":"is-ohlc","compact":true},{"label":"Close","value":"9.40","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":"11.9","className":"is-ohlc","compact":true},{"label":"High","value":"12.3","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"12.0","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":"10.9","className":"is-ohlc","compact":true},{"label":"High","value":"11.9","className":"is-ohlc","compact":true},{"label":"Low","value":"10.7","className":"is-ohlc","compact":true},{"label":"Close","value":"11.8","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}]],"pressureRange":[-2.3,2.3],"priceRange":[8.807495,19.951484],"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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-19","price":19.354485}],"reversal_dangers":[{"date":"2026-06-26","price":16.835295}]}},"smTape":{"available":true,"dates":["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":[9.4045,11.7205,12.6187,11.1788,11.5603,11.7334,12.4374,13.7018,14.4018,17.459,17.2814,19.3545,16.8353,16.39,15.285,11.85,12.425,11.9725,11.84,12.4375,13.135],"consensus":[60.4556,100.0,100.0,0.0,57.6104,18.3276,37.9476,54.0545,61.4885,80.5493,43.2911,48.2401,9.7094,0.0,-12.5041,-77.9365,-22.9557,-32.4578,-22.7959,0.0,14.1333],"supportDates":["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,18.0577,49.9873,49.6253,46.1435,72.7762,33.2213,32.5449,13.7078,0.0,-4.5846,-76.5107,-22.8974,-19.2554,-5.0114,0.0,8.1074],"force":[60.4556,100.0,100.0,0.0,30.8514,0.8334,21.1342,33.186,65.7389,89.8331,6.6539,23.1567,35.2628,0.0,-28.6188,-88.185,-23.5961,-17.0225,-1.9747,0.0,50.7415],"direction":[null,null,null,null,76.7239,32.3225,36.1975,74.0225,75.9897,82.8016,80.969,84.0941,68.5947,0.0,-10.0446,-72.2456,-56.2736,-58.5714,-57.9934,0.0,5.1286],"intensity":[null,null,null,null,25.0,40.0,33.3333,85.7143,50.0,100.0,90.0,81.8182,83.3333,15.3846,35.7143,93.3333,37.5,58.8235,5.5556,26.3158,50.0],"confirmation":[42.0125,54.6667,54.6667,0.9309,62.5454,50.7961,79.4474,84.7289,88.0397,94.1772,58.2234,82.9115,35.207,5.4291,49.9464,93.2737,33.6285,78.1173,29.5978,6.0878,52.1576],"persistence":[null,null,100.0,75.0,80.0,83.3333,85.7143,87.5,87.5,87.5,87.5,100.0,100.0,87.5,62.5,37.5,12.5,12.5,37.5,50.0,50.0],"assessmentRisk":[null,null,null,null,17.3065,8.6308,27.0716,22.1211,18.9306,9.7177,28.3252,25.8723,41.5185,31.2174,38.1108,11.0163,38.018,33.2652,37.0018,16.1667,13.2862],"volumeParticipation":true,"latest":{"consensus":14.1,"control":8.1,"force":50.7,"direction":5.1,"confirmation":52.2,"persistence":50.0,"assessmentRisk":13.3,"intensity":50.0,"evidenceDepth":81},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+14.1","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+8.1","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+50.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+5.1","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":"70.2","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"12.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"42%","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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