{"schema_version":"1.0","name":"VEXC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"2d2f8772-bd76-4c0d-8e68-71841473d784","symbol":"VEXC","name":"VANGUARD EMERGING MARKETS EX-CHINA ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Range position and boundary pressure, Activity pressure and cumulative balance, Range pressure and compression, Directional strength and control, Directional pressure and rotation."},{"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":47,"displayedObservations":47,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.026312,0.029068,0.151253,0.343846,0.337163,0.400627,0.50339,0.415883,0.577388,0.667957,0.681545,0.781076,0.737259,0.455829,0.153533,-0.132804,-0.393748,-0.415028,-0.351529],"opens":[85.933253,89.350319,90.830386,90.731052,93.124985,90.572119,93.740852,94.366652,91.803852,96.104985,98.23,94.31,95.59,94.51,91.52,92.18,92.04,95.0,95.9],"highs":[90.651586,90.830286,91.376719,93.989185,93.204353,92.121719,95.359985,95.886452,93.939519,97.49,98.56,96.33,96.42,94.67,93.4691,92.86,95.39,96.465,96.36],"lows":[85.923916,87.870253,88.823853,90.115186,89.727786,88.148386,93.388219,90.527419,89.876786,95.197078,92.8112,93.66,93.185,90.39,90.95,88.39,92.04,94.7601,94.06],"closes":[90.045652,90.600131,90.504274,93.581919,89.936386,91.714452,94.426252,90.641652,93.581919,97.25,93.85,94.8,95.52,91.58,91.33,92.4,95.19,95.6,95.76],"hoverRows":[[{"label":"Open","value":"85.9","className":"is-ohlc","compact":true},{"label":"High","value":"90.7","className":"is-ohlc","compact":true},{"label":"Low","value":"85.9","className":"is-ohlc","compact":true},{"label":"Close","value":"90.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"89.4","className":"is-ohlc","compact":true},{"label":"High","value":"90.8","className":"is-ohlc","compact":true},{"label":"Low","value":"87.9","className":"is-ohlc","compact":true},{"label":"Close","value":"90.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.03","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"90.8","className":"is-ohlc","compact":true},{"label":"High","value":"91.4","className":"is-ohlc","compact":true},{"label":"Low","value":"88.8","className":"is-ohlc","compact":true},{"label":"Close","value":"90.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"90.7","className":"is-ohlc","compact":true},{"label":"High","value":"94.0","className":"is-ohlc","compact":true},{"label":"Low","value":"90.1","className":"is-ohlc","compact":true},{"label":"Close","value":"93.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"93.1","className":"is-ohlc","compact":true},{"label":"High","value":"93.2","className":"is-ohlc","compact":true},{"label":"Low","value":"89.7","className":"is-ohlc","compact":true},{"label":"Close","value":"89.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"90.6","className":"is-ohlc","compact":true},{"label":"High","value":"92.1","className":"is-ohlc","compact":true},{"label":"Low","value":"88.1","className":"is-ohlc","compact":true},{"label":"Close","value":"91.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.40","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"93.7","className":"is-ohlc","compact":true},{"label":"High","value":"95.4","className":"is-ohlc","compact":true},{"label":"Low","value":"93.4","className":"is-ohlc","compact":true},{"label":"Close","value":"94.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.50","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"94.4","className":"is-ohlc","compact":true},{"label":"High","value":"95.9","className":"is-ohlc","compact":true},{"label":"Low","value":"90.5","className":"is-ohlc","compact":true},{"label":"Close","value":"90.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.42","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"91.8","className":"is-ohlc","compact":true},{"label":"High","value":"93.9","className":"is-ohlc","compact":true},{"label":"Low","value":"89.9","className":"is-ohlc","compact":true},{"label":"Close","value":"93.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.58","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"96.1","className":"is-ohlc","compact":true},{"label":"High","value":"97.5","className":"is-ohlc","compact":true},{"label":"Low","value":"95.2","className":"is-ohlc","compact":true},{"label":"Close","value":"97.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.67","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"98.2","className":"is-ohlc","compact":true},{"label":"High","value":"98.6","className":"is-ohlc","compact":true},{"label":"Low","value":"92.8","className":"is-ohlc","compact":true},{"label":"Close","value":"93.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.68","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"94.3","className":"is-ohlc","compact":true},{"label":"High","value":"96.3","className":"is-ohlc","compact":true},{"label":"Low","value":"93.7","className":"is-ohlc","compact":true},{"label":"Close","value":"94.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.78","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"95.6","className":"is-ohlc","compact":true},{"label":"High","value":"96.4","className":"is-ohlc","compact":true},{"label":"Low","value":"93.2","className":"is-ohlc","compact":true},{"label":"Close","value":"95.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.74","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"94.5","className":"is-ohlc","compact":true},{"label":"High","value":"94.7","className":"is-ohlc","compact":true},{"label":"Low","value":"90.4","className":"is-ohlc","compact":true},{"label":"Close","value":"91.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.46","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"91.5","className":"is-ohlc","compact":true},{"label":"High","value":"93.5","className":"is-ohlc","compact":true},{"label":"Low","value":"91.0","className":"is-ohlc","compact":true},{"label":"Close","value":"91.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"92.2","className":"is-ohlc","compact":true},{"label":"High","value":"92.9","className":"is-ohlc","compact":true},{"label":"Low","value":"88.4","className":"is-ohlc","compact":true},{"label":"Close","value":"92.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.13","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"92.0","className":"is-ohlc","compact":true},{"label":"High","value":"95.4","className":"is-ohlc","compact":true},{"label":"Low","value":"92.0","className":"is-ohlc","compact":true},{"label":"Close","value":"95.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.39","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"95.0","className":"is-ohlc","compact":true},{"label":"High","value":"96.5","className":"is-ohlc","compact":true},{"label":"Low","value":"94.8","className":"is-ohlc","compact":true},{"label":"Close","value":"95.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.42","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"95.9","className":"is-ohlc","compact":true},{"label":"High","value":"96.4","className":"is-ohlc","compact":true},{"label":"Low","value":"94.1","className":"is-ohlc","compact":true},{"label":"Close","value":"95.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.35","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[89.497569,97.688817],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.351529,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":93.581919},{"date":"2026-07-31","price":92.4}],"reversal_dangers":[{"date":"2026-05-15","price":89.936386},{"date":"2026-08-07","price":95.19}]}},"smTape":{"available":true,"dates":["2025-10-03","2025-10-10","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":[75.4353,73.8151,76.4712,77.3057,77.3155,76.4883,77.1267,75.2086,76.8795,76.8816,76.8626,77.6029,78.5423,79.9194,80.7572,81.9537,83.4172,83.2194,85.4937,86.8781,87.9559,87.9361,81.6867,80.0453,78.7217,78.6223,80.8275,86.3803,90.0457,90.6001,90.5043,93.5819,89.9364,91.7145,94.4263,90.6417,93.5819,97.25,93.85,94.8,95.52,91.58,91.33,92.4,95.19,95.6,95.76],"consensus":[40.3304,-100.0,58.1459,38.28,52.4167,0.0,33.2641,-56.589,44.4366,18.7775,0.0,53.1748,66.0258,80.3789,63.7529,72.2418,81.7226,23.8122,85.0965,68.6756,79.0952,40.1639,-55.3284,-50.9689,-57.1762,-43.6449,13.3141,62.8425,71.4221,53.7043,38.6053,74.0774,-10.9688,47.1305,53.3325,-25.231,55.9126,65.5357,-18.7624,31.9089,31.5765,-37.6206,-18.433,0.0,39.5092,27.2393,27.7332],"supportDates":["2025-10-03","2025-10-10","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,0.0,29.7744,-45.2427,51.4824,15.6329,0.0,42.0153,68.1095,76.064,48.9686,61.3891,83.7607,10.7229,88.2863,58.9566,78.9776,31.7675,-49.4978,-44.586,-51.2592,-41.0685,21.5511,60.7897,75.8664,59.1036,36.1603,75.7766,-19.2002,51.9616,51.2599,-25.8502,56.4527,70.4463,-17.3639,27.1512,32.8897,-33.0271,-16.305,0.0,52.004,24.9066,26.5789],"force":[40.3304,-100.0,58.1459,38.28,4.906,0.0,14.9075,-78.7568,72.3676,6.355,0.0,63.46,61.6911,93.1773,67.3543,78.4701,92.2831,17.7545,96.5076,76.1742,84.8862,8.3584,-97.571,-65.0801,-68.9546,-31.2617,46.1309,83.2649,79.9902,33.6813,11.0997,83.129,-57.7214,44.5447,49.0671,-68.8078,64.3466,65.8088,-78.9921,22.0688,20.0092,-64.8656,-18.8318,0.0,49.3944,16.8621,16.2373],"direction":[null,null,null,null,93.3616,0.0,50.3643,-53.7221,16.4337,31.2444,0.0,58.5818,66.7405,76.1686,78.0768,80.1962,71.8502,68.4619,73.3002,74.4269,75.0931,72.4779,-31.8186,-48.1843,-55.5253,-55.4346,19.5401,50.6012,60.2228,61.8359,61.0464,65.6701,-31.8333,43.4564,58.748,-6.6031,49.271,59.7287,-22.6607,44.3748,38.3379,-23.4097,-20.5802,0.0,18.1686,37.3176,37.2639],"intensity":[null,null,null,null,25.0,40.0,16.6667,85.7143,62.5,44.4444,10.0,27.2727,75.0,53.8462,92.8571,46.6667,56.25,94.1176,94.4444,100.0,20.0,52.381,100.0,95.6522,45.8333,16.0,76.9231,96.2963,92.8571,62.069,16.6667,90.3226,90.625,54.5455,91.1765,88.5714,80.5556,91.8919,81.5789,61.5385,7.5,87.8049,23.8095,67.4419,84.0909,68.8889,6.5217],"confirmation":[35.5724,54.6667,41.2734,34.9163,38.3895,31.9112,78.1383,86.957,82.9636,51.0114,2.971,85.4994,88.9644,94.177,88.736,91.4726,94.442,33.0069,95.53,90.3528,93.4887,80.0111,87.0813,84.8374,86.7455,81.6282,31.9703,88.7633,91.0485,84.4929,79.5527,91.9547,34.2672,82.9294,84.968,56.1345,86.1408,88.9049,35.3618,77.9834,77.7319,80.9389,73.9432,27.7216,80.7538,76.4359,44.64],"persistence":[null,null,33.3333,50.0,60.0,50.0,57.1429,37.5,37.5,62.5,50.0,50.0,50.0,62.5,62.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,50.0,50.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,50.0,25.0,0.0,12.5,12.5,12.5,37.5],"assessmentRisk":[null,null,null,null,15.7815,45.1762,5.8523,16.247,36.4783,4.2758,10.4553,21.0859,10.5329,9.0952,18.0413,13.8699,9.1343,37.9739,7.4427,15.6549,10.4522,29.9179,20.0711,24.3704,21.395,28.1628,25.5285,17.8036,14.2628,23.1321,30.6133,12.4021,3.6576,5.8576,16.092,27.1507,15.8675,15.6722,0.2743,28.5091,15.5647,29.596,27.0006,38.8823,25.7498,32.4586,33.3868],"volumeParticipation":true,"latest":{"consensus":27.7,"control":26.6,"force":16.2,"direction":37.3,"confirmation":44.6,"persistence":37.5,"assessmentRisk":33.4,"intensity":6.5,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+27.7","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+26.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+16.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+37.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"59.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.5%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"18.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"87%","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":[75.4353,73.8151,76.4712,77.3057,77.3155,76.4883,77.1267,75.2086,76.8795,76.8816,76.8626,77.6029,78.5423,79.9194,80.7572,81.9537,83.4172,83.2194,85.4937,86.8781,87.9559,87.9361,81.6867,80.0453,78.7217,78.6223,80.8275,86.3803,90.0457,90.6001,90.5043,93.5819,89.9364,91.7145,94.4263,90.6417,93.5819,97.25,93.85,94.8,95.52,91.58,91.33,92.4,95.19,95.6,95.76],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,76.0201,76.1053,76.291,76.0942,76.237,76.3542,76.4466,76.6569,76.9997,77.5305,78.1172,78.8148,79.6516,80.3003,81.2445,82.2688,83.3028,84.1452,83.6982,83.0341,82.25,81.5904,81.4517,82.3478,83.7474,84.9934,85.9953,87.3747,87.8405,88.5448,89.6142,89.801,90.4884,91.7178,92.1055,92.5954,93.1271,92.8458,92.5702,92.5393,93.0212,93.4901,93.9028],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,76.3101,76.5775,76.8871,77.2624,77.7183,78.1258,78.6716,79.2795,79.9222,80.5158,80.6025,80.5612,80.425,80.2914,80.3312,80.7792,81.4656,82.1423,82.7617,83.5632,84.0353,84.6041,85.3317,85.725,86.307,87.1176,87.6163,88.1484,88.6944,88.9082,89.0876,89.333,89.7668,90.1989,90.6108],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,78.4448,78.4224,78.5569,78.9221,79.6516,80.4464,81.4049,82.5604,83.3561,84.5819,85.886,87.356,88.42,88.5188,88.5278,88.5043,88.4358,88.4347,88.8556,90.0695,91.1661,92.001,93.3984,93.8668,94.6129,95.8038,96.217,97.0616,98.511,99.1799,99.9162,100.6766,100.8984,100.8832,100.6311,100.1704,99.1523,97.9338],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,74.1407,74.2667,74.3419,74.2987,74.0419,73.7685,73.4158,72.967,72.7775,72.3335,71.8714,71.6535,72.0016,72.4243,72.6893,72.8534,73.1353,73.5065,74.2027,74.3055,74.5808,75.1099,75.3105,75.9815,76.4149,76.5909,77.0465,77.2184,77.172,77.3388,77.3946,77.3906,77.5332,78.5128,80.0003,82.1079,84.8238,87.5355],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-10-03","2025-10-10","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"]},{"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,29.3323,64.5024,64.548,64.1481,79.7302,99.5034,99.7206,91.2074,91.2423,99.5898,78.9878,98.0898,89.6814,97.0809,89.9248,50.1279,39.6749,31.2457,30.6132,44.6562,79.0925,96.2463,98.5898,94.8276,97.9093,79.1949,87.9678,95.212,73.8127,88.4935,98.7935,77.3036,81.8814,85.351,66.365,65.1603,70.3164,83.7608,85.7365,86.5075],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-4.2732,-2.1465,-2.1437,-2.1679,-1.2257,-0.03,-0.0214,-0.8219,-0.9442,-0.0474,-2.9184,-0.2653,-1.7006,-0.4811,-1.7674,-8.7485,-10.5821,-12.0608,-12.1717,-9.7083,-3.5054,-0.6684,-0.2534,-0.9548,-0.4333,-4.312,-2.4202,-0.9792,-5.4698,-2.4034,-0.2462,-4.7788,-3.8149,-3.0844,-7.082,-7.3356,-6.25,-3.4192,-3.0032,-2.8409],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,1.8878,4.1514,4.1543,4.1286,5.1315,6.4041,8.2697,9.4048,11.0257,13.0083,12.7404,15.8214,17.6969,19.157,19.1302,10.664,8.4403,6.6471,6.5125,9.5,15.932,20.8514,21.5956,21.4669,25.5975,20.7048,22.1495,24.477,19.488,23.3639,25.3255,20.6177,21.8387,22.7641,17.7003,17.379,18.7542,22.3399,22.8669,23.0725],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-10-03","2025-10-10","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"]},{"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,63.4316,73.9605,63.616,102.8415,105.2673,63.3295,130.5334,212.9243,174.2097,208.7642,312.1092,252.39,245.6523,136.8309,194.8586,200.0442,101.3489,150.9565,66.4878,84.2847,80.87,100.4513,59.3672,63.0499,132.7973,60.0626,82.892,80.6025,68.2205,91.3427,82.5083,161.1741,74.9571,71.3489,77.2266,77.5395,84.3296,65.1701,77.6841,67.2755],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,80.5224,87.5946,93.4413,83.9626,93.7116,99.4027,111.4153,132.7292,135.0,135.0,116.1119,132.7987,135.0,135.0,126.5569,117.0728,112.1019,104.3274,100.8462,105.3759,109.8341,115.5637,119.0052,115.3145,123.4538,119.7061,124.9618,130.0455,125.7656,131.4658,135.0,125.7858,129.8585,133.6651,129.7058,125.9383,130.0055,133.0025,135.0,135.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-10-03","2025-10-10","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"]},{"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,1.5997,1.6033,1.6394,1.6755,1.8035,1.8375,1.9197,1.9358,2.006,2.5802,2.8086,3.0493,3.1473,3.2229,3.3264,3.3381,3.3141,3.2821,3.2431,3.4396,3.4415,3.3796,3.6916,3.6303,3.5309,3.835,3.7265,3.6762,3.9606,3.8848,3.9111,3.7766,3.6192,3.5266],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,5.6414,5.4434,5.5134,6.0349,7.2999,8.6605,10.3205,12.3366,13.5508,15.6115,17.7672,19.7504,20.4691,20.0002,19.6487,19.3991,18.9397,18.4365,17.9726,19.1805,20.0128,20.2154,21.4427,21.0602,21.2807,22.2894,22.1288,22.7717,24.2926,24.7465,25.4035,26.1542,26.1895,24.9397,22.843,19.8186,15.5765,11.2129],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2025-10-03","2025-10-10","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"]},{"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,26.611,26.0409,26.527,27.0207,27.6134,28.7498,29.6014,29.5865,30.3313,29.7708,28.9901,29.1278,28.3465,27.621,26.762,24.9558,23.2787,22.3429,20.8772,19.849,18.6492],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,24.2475,30.4512,34.2056,34.2214,40.3679,35.8124,43.6891,39.7382,41.9436,32.5965,28.3768,24.678,22.2297,19.608,28.3472,34.1443,32.165,31.5045,34.7805,31.6853,28.8363,33.7314,29.8726,27.3209,32.4855,28.7792,27.2255,25.434,22.8645,21.7049,19.7873,23.4971,24.8893,23.6785],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,17.0642,15.6455,14.0005,12.4971,10.8063,9.5868,8.3851,7.6268,6.8359,24.2797,25.6805,26.8753,24.209,23.0971,19.4441,17.2596,16.0443,15.0593,13.6863,13.3628,15.7355,14.4515,18.9052,18.6583,17.1415,19.9208,18.8454,18.5715,22.1995,21.0737,24.2717,22.6562,21.8587,22.2761],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-10-03","2025-10-10","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"]},{"key":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum has changed character across the latest observations.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,38.508,42.9258,47.86,47.2653,54.298,57.972,60.6261,60.5505,42.518,39.2146,36.736,36.5493,43.4236,56.2708,62.3487,63.1824,62.923,67.5317,58.2892,61.0866,64.9477,56.519,60.7778,65.3388,58.5431,59.8012,60.7728,53.1958,52.7464,54.5174,58.8482,59.4591,59.7104],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,69.7061,29.3323,64.5024,64.548,64.1481,79.7302,99.5034,99.7206,91.2074,90.5031,99.5579,77.6866,97.9715,89.1649,96.9348,89.0393,42.6678,30.6511,20.9611,8.5935,25.7867,73.2036,95.2823,98.2326,93.5703,97.4831,74.954,85.9423,94.6802,70.989,87.2527,98.7806,77.3036,81.8814,83.1581,44.7614,32.3651,40.8353,67.6323,71.5702,73.107],"stroke":"#1678a7","width":1.5},{"label":"Rotation signal","values":[null,null,null,null,null,null,null,49.5192,54.5136,52.7943,64.3995,69.4754,81.1272,92.9847,96.8105,93.8104,93.7561,89.2492,91.7387,88.2743,94.6904,91.713,76.214,54.1194,31.4267,20.0686,18.4471,35.8613,64.7575,88.9062,95.6951,96.4287,88.6691,86.1265,85.1922,83.8705,84.3073,85.6741,87.779,85.9886,80.7811,69.9336,53.4282,39.3206,46.9442,60.0126,70.7698],"stroke":"#b87806","width":1.4}],"guides":[{"label":"Upper zone","values":[70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0],"stroke":"#c13f3f","width":1.0,"dash":[6,5]},{"label":"Centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]},{"label":"Lower zone","values":[30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0],"stroke":"#07865c","width":1.0,"dash":[6,5]}],"dates":["2025-10-03","2025-10-10","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"]}]},"canonical_url":"https://sharemaestro.com/terminal/2d2f8772-bd76-4c0d-8e68-71841473d784/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/2d2f8772-bd76-4c0d-8e68-71841473d784/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/2d2f8772-bd76-4c0d-8e68-71841473d784/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/2d2f8772-bd76-4c0d-8e68-71841473d784/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/2d2f8772-bd76-4c0d-8e68-71841473d784/technical-pack/data.json"},"source_fingerprint":"5b0c490b89620472fbf62cb48ca569d9fded8e277a092f8b82ce410da91f86f4","content_hash":"2170883be7ce85541c1f0f8dcb6bc2309d229c8e8d47b765d977bf1684673a12","citation":"Sharemaestro, VEXC Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/2d2f8772-bd76-4c0d-8e68-71841473d784/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."}