{"schema_version":"1.0","name":"MWC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"24916723-f633-4dc0-a871-05ed6b5bf5f7","symbol":"MWC","name":"Micware Co., Ltd. American Depositary Shares","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Consumer Cyclical","industry":"Auto Parts"},"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, Drawdown and recovery pressure, Range pressure and compression, 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":"2026-08-14","observations":14,"displayedObservations":14,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","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":["2026-05-15","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"],"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],"opens":[8.1,8.0,5.38,7.08,5.79,4.46,3.8,3.59,3.57,3.44,1.65,1.57,1.43,1.47],"highs":[10.45,13.95,8.15,7.25,5.79,4.5499,4.2,3.89,3.67,3.445,1.87,1.77,1.67,1.65],"lows":[7.79,4.7,5.3,5.32,4.28,3.51,3.43,3.275,3.16,1.74,0.78,1.33,1.4,1.27],"closes":[8.0,5.28,7.2,5.32,4.34,3.76,3.63,3.36,3.36,1.77,1.57,1.43,1.41,1.385],"pressureRange":[-0.04,0.04],"priceRange":[1.385,8.0],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"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":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","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":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","tone":"caution"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"distribution_rollovers":[],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[8.0,5.28,7.2,5.32,4.34,3.76,3.63,3.36,3.36,1.77,1.57,1.43,1.41,1.385],"consensus":[-84.2105,-87.4595,33.3333,-58.0,-57.7797,-38.0948,-37.8685,-39.9734,-27.6631,-63.4016,-32.6375,-42.5004,-43.7898,-30.4112],"supportDates":["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"],"control":[null,null,null,null,null,-41.3491,-34.5701,-41.4664,-27.46,-65.6696,-21.2418,-41.2366,-46.411,-34.1565],"force":[-84.2105,-87.4595,33.3333,-58.0,-33.0746,-19.1665,-16.6821,-21.9059,-7.851,-64.1133,-12.4243,-21.324,-19.4705,-8.7917],"direction":[null,null,null,null,-75.4261,-47.896,-56.7713,-51.1725,-42.0468,-60.3011,-60.0991,-59.0708,-58.1651,-41.5733],"intensity":[null,null,null,null,25.0,20.0,16.6667,14.2857,12.5,66.6667,60.0,36.3636,8.3333,15.3846],"confirmation":[49.614,50.6537,33.3333,41.2267,62.6935,79.5639,79.5225,80.2181,53.5848,88.2756,78.0016,80.974,81.2316,55.0],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,75.0,75.0,100.0,100.0,100.0,100.0],"assessmentRisk":[null,null,null,null,19.6125,18.3506,30.3251,24.7195,18.2116,14.2533,30.54,25.3358,25.1487,1.8662],"volumeParticipation":true,"latest":{"consensus":-30.4,"control":-34.2,"force":-8.8,"direction":-41.6,"confirmation":55.0,"persistence":100.0,"assessmentRisk":1.9,"intensity":15.4,"evidenceDepth":54},"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-30.4","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-34.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-8.8","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-41.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"-","detail":"Developing","tone":"neutral"},{"label":"Risk pressure","value":"133.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"5%","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 downward.","series":[{"label":"Close","values":[8.0,5.28,7.2,5.32,4.34,3.76,3.63,3.36,3.36,1.77,1.57,1.43,1.41,1.385],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,6.5676,6.0572,5.6159,5.2057,4.8701,4.3065,3.8089,3.3764,3.0189,2.7218],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.0531,4.7814],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,8.1852,8.1619,8.0911,7.9837,7.8596],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,1.0188,0.4908,0.0789,-0.2252,-0.4575],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,-34.0,36.3636,-26.1111,-18.4211,-13.3641,-3.4574,-7.438,0.0,-47.3214,-11.2994,-8.9172,-1.3986,-1.773],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-34.0,-10.0,-33.5,-45.75,-53.0,-54.625,-58.0,-58.0,-77.875,-80.375,-82.125,-82.375,-82.6875],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[33.25,175.1894,39.5833,36.2782,34.7926,27.6569,21.2121,18.3036,15.1786,96.3277,69.4268,30.7692,19.1489,27.4368],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-1.2346,-34.0,33.829,-24.8588,-25.0432,-15.6951,-4.4737,-6.4067,-5.8824,-48.5465,-4.8485,-8.9172,-1.3986,-5.7823],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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,-34.0,-10.0,-33.5,-45.75,-53.0,-54.625,-58.0,-58.0,-77.875,-80.375,-82.125,-82.375,-82.6875],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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,133.6082],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,155.7252,177.3101,196.1362,211.6118,224.7228],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"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 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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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]}]},"canonical_url":"https://sharemaestro.com/terminal/24916723-f633-4dc0-a871-05ed6b5bf5f7/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/24916723-f633-4dc0-a871-05ed6b5bf5f7/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/24916723-f633-4dc0-a871-05ed6b5bf5f7/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/24916723-f633-4dc0-a871-05ed6b5bf5f7/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/24916723-f633-4dc0-a871-05ed6b5bf5f7/technical-pack/data.json"},"source_fingerprint":"ef0375849352525aa480d617cfc082b299dfaf7f41bc6872920a8c79d648f524","content_hash":"8bf7cddacb0fc229be5f87562d2437daed1e0123f7e9c744e0ef91107eef37e4","citation":"Sharemaestro, MWC Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/24916723-f633-4dc0-a871-05ed6b5bf5f7/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."}