{"schema_version":"1.0","name":"AVGW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"2dc7dbf5-2b76-48f9-87d9-be87af922db9","symbol":"AVGW","name":"ROUNDHILL AVGO WEEKLYPAY ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control, 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":"2026-08-21","observations":57,"displayedObservations":57,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. 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conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 11.4% across 1 completed cases, with the largest move arriving after 12.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":47.529633}],"reversal_dangers":[{"date":"2026-05-22","price":45.338378}]}},"smTape":{"available":true,"dates":["2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","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":[31.2311,31.075,33.1757,33.2833,31.7107,31.9774,36.9738,40.2076,38.0099,36.7286,37.323,35.3105,38.509,39.2664,41.1383,38.5302,37.52,36.9998,45.3356,43.6651,39.5357,36.9413,38.4927,37.7688,37.444,38.2382,34.1558,35.5972,35.7794,34.6429,35.5545,34.0178,35.3621,34.1411,32.7655,31.4549,33.1503,40.5088,44.8703,46.5227,46.3275,47.5296,46.9035,45.3384,48.7053,40.6849,39.7109,42.7899,36.6553,35.8726,40.0235,36.1489,37.1689,38.063,42.6652,38.488,35.65],"consensus":[31.8682,-42.2562,53.9262,-13.7091,0.0,10.4525,60.6116,77.8329,8.3481,12.4536,31.2508,-37.3332,45.6882,45.9232,53.0181,0.0,-13.5187,-15.8011,73.005,26.4342,-26.8952,-32.7993,0.0,-27.4901,-15.7333,13.0577,-60.3169,0.0,0.0,-34.5667,0.0,-31.4357,8.2615,-26.9819,-42.7164,-44.075,0.0,59.772,69.9701,55.5665,44.7024,52.4438,25.9277,0.0,60.6343,-52.2566,-31.8805,19.8366,-61.9997,-40.6661,20.1775,-46.2551,-12.876,0.0,45.0985,-28.9616,-41.5729],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","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":[4.9797,53.4606,69.7676,4.802,0.9724,31.3723,-28.4146,39.993,42.33,43.5537,0.0,-13.2979,-9.2122,72.909,27.2237,-32.4185,-30.8046,0.0,-24.033,-11.3404,11.7347,-56.3975,0.0,0.0,-32.4998,0.0,-30.187,13.0937,-30.553,-44.1704,-48.734,0.0,59.1504,76.7977,58.1419,45.7861,53.9421,23.762,0.0,66.995,-45.7904,-28.6357,30.3251,-60.9192,-43.0956,26.2096,-44.4645,-18.1829,0.0,48.6064,-37.4599,-41.6995],"force":[6.5294,50.9181,86.0535,59.1365,34.3372,20.3539,-75.0235,58.19,32.7767,46.4598,0.0,-31.2982,-29.2884,97.2811,10.5209,-76.3261,-59.9129,0.0,-31.9008,-13.5414,30.7025,-84.31,0.0,0.0,-32.725,0.0,-32.7631,31.1656,-28.9436,-45.9304,-38.3912,0.0,76.1243,72.6856,40.4871,17.8931,35.9805,3.0921,0.0,64.5704,-96.6181,-33.8492,39.5039,-81.5281,-27.2994,48.1917,-49.7964,-4.371,0.0,65.0145,-54.0017,-55.8356],"direction":[19.5092,75.7082,81.1785,71.58,58.9971,38.8955,-20.6042,43.2672,59.42,68.5191,0.0,-1.0713,-13.6975,55.7747,51.9285,-14.725,-15.7119,0.0,-28.2906,-22.3195,1.9662,-47.6583,0.0,0.0,-38.2445,0.0,-31.9146,13.621,-21.4994,-38.759,-42.8103,0.0,48.8021,60.2275,63.3942,62.6133,62.4909,49.1313,0.0,50.5535,-27.9597,-34.1827,6.1982,-49.2858,-47.4372,6.7265,-45.7719,-19.1302,0.0,26.8636,-1.3636,-31.2407],"intensity":[40.0,100.0,100.0,75.0,77.7778,10.0,45.4545,83.3333,15.3846,85.7143,66.6667,31.25,35.2941,100.0,73.6842,85.0,95.2381,36.3636,21.7391,45.8333,12.0,80.7692,25.9259,67.8571,75.8621,30.0,29.0323,21.875,42.4242,73.5294,20.0,36.1111,97.2973,94.7368,74.359,10.0,34.1463,7.1429,41.8605,77.2727,97.7778,100.0,68.0851,85.4167,81.6327,80.0,74.5098,46.1538,11.5385,80.7692,78.8462,71.1538],"confirmation":[25.9753,87.2093,93.2799,14.4553,10.0594,77.6663,81.2312,83.088,82.3495,84.9101,34.0914,50.2045,73.5678,92.1029,32.2318,35.8368,79.3525,30.054,76.9839,73.0348,50.0697,88.0924,6.4112,4.1709,79.0367,26.6382,78.1189,28.8406,76.6396,81.745,81.8598,30.3835,87.6349,90.3691,85.2825,81.4712,84.2574,53.4384,6.2513,87.426,86.1726,78.3112,53.4429,88.4515,80.5688,53.987,82.9368,49.7796,25.2324,82.985,55.2347,89.7361],"persistence":[16.6667,28.5714,37.5,37.5,62.5,62.5,62.5,75.0,75.0,75.0,62.5,37.5,12.5,12.5,37.5,12.5,12.5,25.0,37.5,37.5,12.5,37.5,50.0,37.5,37.5,37.5,37.5,12.5,37.5,37.5,50.0,50.0,25.0,12.5,12.5,12.5,37.5,62.5,75.0,87.5,62.5,37.5,37.5,12.5,12.5,12.5,25.0,50.0,37.5,12.5,37.5,37.5],"assessmentRisk":[27.0957,17.0783,10.9465,45.4315,42.3315,7.5133,30.2502,11.7868,18.5668,20.7208,46.1829,13.401,30.2055,7.2771,33.8232,42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downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-41.6","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-41.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-55.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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trend references are aligned downward.","series":[{"label":"Close","values":[31.2311,31.075,33.1757,33.2833,31.7107,31.9774,36.9738,40.2076,38.0099,36.7286,37.323,35.3105,38.509,39.2664,41.1383,38.5302,37.52,36.9998,45.3356,43.6651,39.5357,36.9413,38.4927,37.7688,37.444,38.2382,34.1558,35.5972,35.7794,34.6429,35.5545,34.0178,35.3621,34.1411,32.7655,31.4549,33.1503,40.5088,44.8703,46.5227,46.3275,47.5296,46.9035,45.3384,48.7053,40.6849,39.7109,42.7899,36.6553,35.8726,40.0235,36.1489,37.1689,38.063,42.6652,38.488,35.65],"stroke":"#10243b","width":2.1},{"label":"Fast 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envelope","values":[null,null,null,null,null,null,null,null,null,28.249,28.5705,28.8726,29.0476,29.1707,29.102,29.3457,29.5913,29.8105,29.1864,29.0855,29.8759,30.7354,31.3028,31.8718,32.8744,34.0324,33.5352,33.2067,32.9767,32.6788,32.4855,32.2677,32.007,31.582,31.057,30.2633,29.8691,29.826,29.9168,29.3921,28.7223,28.1293,27.7463,27.6647,27.3734,27.4823,27.9904,28.4084,28.5082,28.6707,29.0753,29.381,29.6067,30.1255,31.2247,32.517,33.0489],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","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":"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 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direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.4268,6.6516,11.796,13.1815,11.4946,9.5809,8.7717,7.5265,14.601,14.0119,13.517,16.604,15.5735,19.0435,18.0359,21.6211,20.1958,20.9086,21.7561,19.9091,18.4297,20.6782,21.557,22.6161,19.2566,17.4901,16.1229,15.3156,14.2996,13.1536,12.5596,11.5934,9.1204,11.9891,11.1817,12.8193,14.2913,13.1436,13.6615,13.0128,13.5311,12.2439,11.266,15.9061],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","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 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