{"schema_version":"1.0","name":"VISA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"2cecaf2a-52ac-419d-93e6-5d437d5b24ac","symbol":"VISA","name":"Visa Inc.","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","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, Directional strength and control, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, 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":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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.854394,1.245516,1.352582,1.413509,1.457945,1.45529],"opens":[32.090483,31.980685,32.589556,32.609519,32.998799,33.10859],"highs":[32.090483,33.238354,33.058683,33.966998,33.996948,33.400002],"lows":[31.501573,31.900831,31.761092,32.489739,32.938907,32.689369],"closes":[31.850925,32.669407,32.350002,33.338169,33.018761,33.209999],"hoverRows":[[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"31.5","className":"is-ohlc","compact":true},{"label":"Close","value":"31.9","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}],[{"label":"Open","value":"32.0","className":"is-ohlc","compact":true},{"label":"High","value":"33.2","className":"is-ohlc","compact":true},{"label":"Low","value":"31.9","className":"is-ohlc","compact":true},{"label":"Close","value":"32.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.1","className":"is-ohlc","compact":true},{"label":"Low","value":"31.8","className":"is-ohlc","compact":true},{"label":"Close","value":"32.4","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":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"34.0","className":"is-ohlc","compact":true},{"label":"Low","value":"32.5","className":"is-ohlc","compact":true},{"label":"Close","value":"33.3","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":"33.0","className":"is-ohlc","compact":true},{"label":"High","value":"34.0","className":"is-ohlc","compact":true},{"label":"Low","value":"32.9","className":"is-ohlc","compact":true},{"label":"Close","value":"33.0","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":"33.1","className":"is-ohlc","compact":true},{"label":"High","value":"33.4","className":"is-ohlc","compact":true},{"label":"Low","value":"32.7","className":"is-ohlc","compact":true},{"label":"Close","value":"33.2","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}]],"pressureRange":[-2.3,2.3],"priceRange":[31.76169,33.427404],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"slight easing","fourWeekDirection":"strengthening","now":{"label":"Slightly easier this week","detail":"Market Dynamics paused slightly this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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 paused slightly 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":"17 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation 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elevated relative to Market Dynamics","kind":"structuralDivergence","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 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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":"weakening","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":"Slightly easier this week","detail":"Market Dynamics paused slightly this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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":[{"date":"2026-07-17","price":32.669407}],"reversal_warnings":[],"reversal_dangers":[{"date":"2026-07-10","price":31.850925}]}},"smTape":{"available":true,"dates":["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"],"close":[32.7449,31.9184,32.2072,30.2851,30.0859,29.6079,30.544,28.9306,29.6192,29.4395,29.0703,28.242,27.743,27.1542,27.6233,27.9426,29.1002,28.3717,30.0682,29.2,29.98,30.17,29.92,29.59,29.5,30.3,30.75,32.97,31.8509,32.6694,32.35,33.3382,33.0188,33.21],"consensus":[81.1309,-53.7038,-38.7386,-31.405,-64.5822,-67.3553,-14.9009,-82.4909,0.0,-22.7153,-49.8098,-67.8668,-61.2664,-68.6906,-23.4528,-18.4241,44.1666,-22.0893,55.4994,-17.7744,44.9793,23.0022,0.0,0.0,0.0,29.0946,28.3839,61.9624,22.3731,60.7048,24.233,52.9115,18.07,37.3998],"supportDates":["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"],"control":[null,null,null,null,null,-72.8083,-6.5866,-80.3762,0.0,-12.9698,-42.8017,-69.8243,-56.7297,-69.9875,-12.1019,-16.2357,36.7841,-34.8619,42.4313,-25.431,44.54,10.7958,0.0,0.0,0.0,33.5548,21.1997,66.2726,12.2178,52.6182,15.1809,54.2666,5.3317,40.555],"force":[81.1309,-53.7038,-38.7386,-31.405,-16.0845,-40.8384,-20.5418,-93.3258,0.0,-3.7663,-34.6803,-67.1403,-48.2989,-54.3691,-22.0292,-15.2118,87.9083,-34.4701,87.7264,-63.1493,54.6975,9.0987,0.0,0.0,0.0,20.5557,12.7421,44.7674,13.4888,68.7882,6.812,53.973,12.6799,17.7722],"direction":[null,null,null,null,-99.2235,-80.0639,-64.7742,-77.1685,0.0,-47.388,-68.6259,-66.1486,-75.7136,-77.4379,-68.9124,-44.9507,21.3598,-1.3513,47.4152,-23.3865,38.5398,46.8835,0.0,0.0,0.0,30.0964,47.7671,69.3186,59.5946,64.1728,56.7533,50.6047,54.5923,47.8136],"intensity":[null,null,null,null,75.0,40.0,66.6667,85.7143,50.0,66.6667,30.0,45.4545,33.3333,23.0769,14.2857,26.6667,81.25,35.2941,100.0,68.4211,40.0,57.1429,22.7273,43.4783,4.1667,48.0,53.8462,100.0,78.5714,79.3103,10.0,67.7419,12.5,30.303],"confirmation":[48.6285,39.8519,35.063,32.7163,63.7826,88.6625,9.8029,94.7595,34.3718,52.1732,83.5848,89.6654,87.2792,89.5247,33.658,30.8158,83.5789,52.8729,86.9411,34.6098,82.6962,75.123,4.3691,26.1292,47.7761,76.9821,76.7156,87.2383,31.7655,87.7951,53.7329,84.9434,7.7444,55.0],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,50.0,50.0,25.0,0.0,12.5,25.0,12.5,37.5,37.5,62.5,62.5,62.5,75.0,87.5,100.0,100.0],"assessmentRisk":[null,null,null,null,17.5485,16.1235,40.1825,3.5135,19.7087,2.2404,21.8754,0.0897,18.4509,15.389,35.6972,8.7021,25.3605,57.0705,21.8233,53.3527,17.5862,37.5181,9.6191,22.3355,24.9419,5.861,27.0872,18.9739,38.0433,18.9751,34.8758,6.1867,35.6282,10.7329],"volumeParticipation":true,"latest":{"consensus":37.4,"control":40.6,"force":17.8,"direction":47.8,"confirmation":55.0,"persistence":100.0,"assessmentRisk":10.7,"intensity":30.3,"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":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+37.4","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+40.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+17.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+47.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"56.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"37.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"89%","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 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envelope","values":[null,null,null,null,null,null,null,null,null,28.062,27.8974,27.5427,27.1374,26.6675,26.4356,26.3193,26.3808,26.3582,26.4611,26.5197,26.7663,26.9242,27.2041,27.2273,27.241,27.2134,27.1913,26.7785,26.6659,26.4936,26.4504,26.4433,26.6431,27.0341],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"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,37.651,38.3234,37.5506,37.5292,37.3395,37.6665,37.9859,37.9456],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,6.4635,5.9935,9.1798,13.346,12.2756,22.9105,21.2411,19.9451,22.4323,20.7239,20.0761,19.5282,23.2452,25.4605,34.8247,31.6359,35.991,33.1457,35.3544,33.2953,31.8374],"stroke":"#07865c","width":1.6},{"label":"Negative 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active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-1.121,-1.239,-1.2799,-1.2718,-1.1587,-1.115,-0.9327,-0.8485,-0.7106,-0.5793,-0.4898,-0.4405,-0.4039,-0.3069,-0.1915,0.0782,0.1994,0.3573,0.4515,0.599,0.6822,0.7549],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-1.1851,-1.1711,-1.1234,-1.0684,-0.9968,-0.9133,-0.8286,-0.751,-0.6816,-0.6067,-0.5236,-0.4032,-0.2827,-0.1547,-0.0335,0.093,0.2109,0.3197],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0264,0.0561,0.1907,0.2199,0.2862,0.334,0.3388,0.3105,0.2777,0.2998,0.3321,0.4815,0.4821,0.512,0.485,0.506,0.4714,0.4352],"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":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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