{"schema_version":"1.0","name":"FDRS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"243aec45-a65f-4439-a10e-83b515aaa195","symbol":"FDRS","name":"FounderLed ETF","exchange":"NASDAQ","country":"US","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, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression, Directional strength and control, Acceleration, deceleration and rollover."},{"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":34,"displayedObservations":34,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":["2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.160691,0.150338,0.062915,0.054849,0.111382,0.170514],"opens":[23.9,23.18,22.31,22.39,24.58,25.0],"highs":[24.11,23.26,22.43,24.54,25.47,25.0],"lows":[22.77,21.94,21.7,22.39,24.37,23.96],"closes":[23.06,21.96,22.33,24.4,25.0,24.4544],"hoverRows":[[{"label":"Open","value":"23.9","className":"is-ohlc","compact":true},{"label":"High","value":"24.1","className":"is-ohlc","compact":true},{"label":"Low","value":"22.8","className":"is-ohlc","compact":true},{"label":"Close","value":"23.1","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":"23.2","className":"is-ohlc","compact":true},{"label":"High","value":"23.3","className":"is-ohlc","compact":true},{"label":"Low","value":"21.9","className":"is-ohlc","compact":true},{"label":"Close","value":"22.0","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":"22.3","className":"is-ohlc","compact":true},{"label":"High","value":"22.4","className":"is-ohlc","compact":true},{"label":"Low","value":"21.7","className":"is-ohlc","compact":true},{"label":"Close","value":"22.3","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":"22.4","className":"is-ohlc","compact":true},{"label":"High","value":"24.5","className":"is-ohlc","compact":true},{"label":"Low","value":"22.4","className":"is-ohlc","compact":true},{"label":"Close","value":"24.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"24.6","className":"is-ohlc","compact":true},{"label":"High","value":"25.5","className":"is-ohlc","compact":true},{"label":"Low","value":"24.4","className":"is-ohlc","compact":true},{"label":"Close","value":"25.0","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":"25.0","className":"is-ohlc","compact":true},{"label":"High","value":"25.0","className":"is-ohlc","compact":true},{"label":"Low","value":"24.0","className":"is-ohlc","compact":true},{"label":"Close","value":"24.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[21.7776,25.1824],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"strengthening","fourWeekDirection":"steady","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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 strengthened this week and remains positive.","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":true,"asOf":"2026-08-21","observations":26,"relationship":{"sameWeekCorrelation":-0.11,"forwardCorrelation":0.31,"directionalAgreement":50.0,"sample":2,"correlationSample":25,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":11.4,"averageReturn":11.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.7,"sample":1},{"week":2,"averageReturn":11.1,"sample":1},{"week":3,"averageReturn":13.8,"sample":1},{"week":4,"averageReturn":11.4,"sample":1},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.2,"sample":1},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":9.4,"averageExpectedMove":9.4,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":1.0,"medianReturn":1.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":9.1,"medianReturn":9.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.8,"sample":2},{"week":2,"averageReturn":-0.8,"sample":2},{"week":3,"averageReturn":1.4,"sample":1},{"week":4,"averageReturn":1.0,"sample":1},{"week":5,"averageReturn":2.5,"sample":1},{"week":6,"averageReturn":9.4,"sample":1},{"week":7,"averageReturn":2.5,"sample":1},{"week":8,"averageReturn":0.6,"sample":1},{"week":9,"averageReturn":-4.2,"sample":1},{"week":10,"averageReturn":-2.6,"sample":1},{"week":11,"averageReturn":6.5,"sample":1},{"week":12,"averageReturn":9.1,"sample":1},{"week":13,"averageReturn":6.7,"sample":1},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":7.9,"averageExpectedMove":7.9,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.9,"medianReturn":1.9,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":7.4,"medianReturn":7.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.2,"sample":2},{"week":2,"averageReturn":-1.4,"sample":2},{"week":3,"averageReturn":1.6,"sample":2},{"week":4,"averageReturn":1.9,"sample":2},{"week":5,"averageReturn":-1.8,"sample":2},{"week":6,"averageReturn":-5.5,"sample":1},{"week":7,"averageReturn":-5.5,"sample":1},{"week":8,"averageReturn":6.4,"sample":1},{"week":9,"averageReturn":5.4,"sample":1},{"week":10,"averageReturn":4.5,"sample":1},{"week":11,"averageReturn":7.9,"sample":1},{"week":12,"averageReturn":7.4,"sample":1},{"week":13,"averageReturn":9.0,"sample":1},{"week":14,"averageReturn":16.3,"sample":1},{"week":15,"averageReturn":9.0,"sample":1},{"week":16,"averageReturn":7.0,"sample":1},{"week":17,"averageReturn":1.9,"sample":1},{"week":18,"averageReturn":3.6,"sample":1},{"week":19,"averageReturn":13.2,"sample":1},{"week":20,"averageReturn":16.0,"sample":1},{"week":21,"averageReturn":13.5,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.5,"sample":1},{"week":2,"averageReturn":0.2,"sample":1},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-08-07","price":24.4}],"reversal_dangers":[{"date":"2026-08-21","price":24.4544}]}},"smTape":{"available":true,"dates":["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":[24.1705,24.4694,23.949,23.6779,23.01,21.68,21.57,21.55,21.18,21.6278,21.0,20.54,19.45,20.36,20.36,22.92,22.71,22.52,23.25,23.14,23.5,25.07,23.49,23.18,23.59,22.13,23.24,23.94,23.06,21.96,22.33,24.4,25.0,24.4544],"consensus":[-99.8649,-21.6429,-63.1954,39.7791,-71.0964,-64.7186,-53.6603,-41.7167,-50.5445,-10.9454,-58.9302,-65.941,-78.3636,-9.2708,-35.4329,70.1986,21.1566,17.6033,61.4804,17.7993,45.8388,78.8809,-22.7475,0.0,20.9695,-55.2901,25.5033,40.4089,-26.2218,-43.9398,0.0,57.9765,51.5286,15.3754],"supportDates":["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,-65.4628,-50.7357,-33.0111,-41.5207,-10.077,-58.2939,-67.0608,-75.2334,-7.7672,-34.1936,58.6517,13.7625,11.5482,61.0535,16.1897,42.6178,79.2882,-29.5237,0.0,14.4884,-50.9007,26.2113,38.4442,-26.4273,-53.4657,0.0,57.9013,43.671,4.5587],"force":[-99.8649,-21.6429,-63.1954,39.7791,-47.9584,-44.992,-27.0963,-10.2003,-31.0421,-30.5725,-57.1649,-59.2608,-84.9789,-38.8723,-13.2502,94.262,5.8471,9.2118,69.8893,6.3645,47.577,94.7064,-83.8031,0.0,27.8994,-90.3893,49.9442,50.6218,-54.3523,-55.6779,0.0,88.7386,62.1016,9.5941],"direction":[null,null,null,null,-87.6236,-77.9586,-75.9772,-74.1775,-74.7878,-41.5936,-60.9182,-69.4328,-77.2157,-63.1306,-52.6941,66.2069,48.8954,43.677,55.962,36.8988,48.2783,67.1115,-28.6077,0.0,23.4267,-35.2356,7.2364,35.3592,-5.8937,-24.6688,0.0,36.0896,52.9565,45.5726],"intensity":[null,null,null,null,75.0,100.0,50.0,57.1429,62.5,22.2222,70.0,90.9091,91.6667,84.6154,78.5714,100.0,81.25,52.9412,55.5556,10.5263,35.0,90.4762,90.9091,91.3043,66.6667,80.0,76.9231,51.8519,64.2857,75.8621,60.0,93.5484,90.625,21.2121],"confirmation":[54.6234,29.5924,42.8892,35.396,67.0265,88.0974,84.4063,80.5215,83.7174,31.4393,86.8135,88.8805,93.3257,11.7088,78.6814,91.3729,52.6405,29.5399,87.9365,51.675,82.7705,93.718,37.8063,5.5122,75.0202,86.8294,54.2285,81.272,54.5785,82.2733,5.1233,87.4911,84.9311,6.3707],"persistence":[null,null,100.0,50.0,60.0,66.6667,71.4286,75.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,50.0,75.0,75.0,62.5,62.5,37.5,37.5,37.5,12.5,12.5,0.0,12.5,12.5,37.5],"assessmentRisk":[null,null,null,null,14.2683,17.638,23.1617,29.1248,24.6937,0.3059,11.6931,15.7158,10.7267,44.0364,22.6913,14.2384,39.3179,40.2247,19.1249,3.4159,12.9406,10.1269,22.4983,4.3121,6.1336,21.9417,24.0886,9.9578,13.2668,13.1163,35.4958,9.1026,21.3877,41.199],"volumeParticipation":true,"latest":{"consensus":15.4,"control":4.6,"force":9.6,"direction":45.6,"confirmation":6.4,"persistence":37.5,"assessmentRisk":41.2,"intensity":21.2,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+15.4","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+4.6","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+9.6","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+45.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"6/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"57.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"27.3","detail":"Directional","tone":"positive"},{"label":"Range position","value":"80%","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 upward.","series":[{"label":"Close","values":[24.1705,24.4694,23.949,23.6779,23.01,21.68,21.57,21.55,21.18,21.6278,21.0,20.54,19.45,20.36,20.36,22.92,22.71,22.52,23.25,23.14,23.5,25.07,23.49,23.18,23.59,22.13,23.24,23.94,23.06,21.96,22.33,24.4,25.0,24.4544],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,23.889,23.4874,23.1388,22.8499,22.5463,22.3793,22.1285,21.8397,21.4052,21.2152,21.0597,21.3979,21.6365,21.7971,22.0613,22.2574,22.4833,22.9536,23.0512,23.0746,23.1683,22.9795,23.0269,23.1929,23.1687,22.949,22.8364,23.1207,23.4624,23.6428],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,22.6342,22.4657,22.3098,22.355,22.3813,22.3915,22.4551,22.5059,22.5795,22.764,22.8178,22.8446,22.8998,22.8428,22.8722,22.9513,22.9594,22.8853,22.8442,22.9594,23.1106,23.2101],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,25.1383,25.0645,25.0298,25.1369,25.0435,24.945,24.9525,24.9279,24.8834,24.9234,24.9406,24.8241,24.9688,24.8939,24.8214,24.9003,24.915,25.0233,25.2182,25.2742,25.2751,25.2608,25.4071,25.4029,25.3539],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,20.2386,20.0054,19.7076,19.1515,18.99,18.8676,18.9868,19.0986,19.1993,19.2866,19.3729,19.4223,19.3377,19.3667,19.3894,19.3685,19.3988,19.4574,19.5016,19.6335,19.6659,19.8132,20.0529,20.6121,21.0705],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,36.4622,34.8295,34.9619,47.0764,56.041,58.2115,33.8892,36.4454,61.4794,581.0926,448.3896,45.614,51.3349,64.9281,61.9849,115.6921,208.8828,88.8203,245.9576,56.5039,68.5702,57.5052,38.003,37.1548,113.1363,344.0275,14.2967],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,65.0,66.6115,65.0,65.0,65.0,66.1428,66.1428,68.0762,65.0,65.0,66.0508,65.0,66.3889,67.7563,65.0752,65.0,66.9333,65.0,66.1301,67.53,66.3361,65.5409,66.3217,68.8004,77.7604,77.3882],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,17.2414,10.1205,20.9108,5.7831,0.907,0.0,17.87,17.87,64.0794,60.2888,56.8592,70.0361,68.0505,74.5487,99.6503,64.5768,59.7179,66.1442,43.2602,60.6583,71.6301,57.837,40.5956,46.395,78.8401,88.2445,79.6928],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-13.4886,-14.9739,-13.1762,-15.6965,-17.5432,-21.9189,-18.2658,-18.2658,-7.9888,-8.8318,-9.5945,-6.664,-7.1056,-5.6604,-0.0797,-8.7767,-9.9806,-8.3883,-14.0583,-9.7476,-7.0291,-10.4466,-14.7184,-13.2816,-5.2427,-2.9126,-5.0315],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,3.3573,2.0231,4.1802,1.1561,0.1951,0.0,5.111,5.111,18.3273,17.2432,16.2623,20.031,19.4631,21.3216,29.4269,21.27,19.6696,21.7863,14.2488,19.9793,23.5932,19.0501,13.3712,15.2814,25.968,29.0656,26.2488],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,4.8217,4.7475,4.7278,5.0251,4.9244,4.6687,4.6151,4.6241,4.4779,5.125,5.2447,5.0277,5.4898,5.4166,5.1959,5.424,5.7182,5.4553,5.2828,5.102,5.1471],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,21.5953,22.4497,23.7928,27.0291,27.4947,27.7423,27.154,26.4809,25.7882,25.5002,25.1286,24.4173,25.4188,24.9759,24.5729,24.992,24.8958,25.0261,25.5666,25.1212,24.9621,24.1722,23.5557,20.8224,18.4534],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,37.2208,35.1368,32.7335,31.0534,29.6995,28.5666,28.1236,27.32],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,3.6742,6.0886,18.2589,18.3215,17.5073,19.3066,21.0979,19.2535,26.7224,27.0551,24.8774,24.2208,21.9566,23.3649,23.7937,21.9729,20.323,19.4531,28.7631,32.1993,30.2989],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,26.7363,25.215,20.8854,18.4147,17.5963,16.6931,15.7553,18.1246,16.291,14.1065,18.6702,17.7706,24.0466,21.5497,20.2504,21.3277,24.4475,24.8083,21.7702,20.4292,21.5502],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-0.9882,-1.0176,-1.029,-0.822,-0.6672,-0.5535,-0.3999,-0.2837,-0.1608,0.0626,0.1109,0.1228,0.1633,0.0768,0.0967,0.167,0.15,0.0472,-0.0044,0.1204,0.2647,0.3311],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.9056,-0.8352,-0.7481,-0.6553,-0.5564,-0.4326,-0.3239,-0.2345,-0.155,-0.1086,-0.0676,-0.0206,0.0135,0.0202,0.0153,0.0363,0.082,0.1318],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.2384,0.2817,0.3483,0.3715,0.3956,0.4952,0.4348,0.3573,0.3183,0.1854,0.1642,0.1876,0.1365,0.027,-0.0197,0.0841,0.1827,0.1993],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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/243aec45-a65f-4439-a10e-83b515aaa195/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/243aec45-a65f-4439-a10e-83b515aaa195/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/243aec45-a65f-4439-a10e-83b515aaa195/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/243aec45-a65f-4439-a10e-83b515aaa195/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/243aec45-a65f-4439-a10e-83b515aaa195/technical-pack/data.json"},"source_fingerprint":"9e8ac1a7ab1ae1df61b1fefce8510a7066870e311d06087815f7515e6211de95","content_hash":"f4f683054348633944feb053db3ec62264c1a39a6694b28f561fb999a1218da7","citation":"Sharemaestro, FDRS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/243aec45-a65f-4439-a10e-83b515aaa195/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."}