{"schema_version":"1.0","name":"GARA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"2ed8853a-863f-4d5a-9c48-986228ac9297","symbol":"GARA","name":"GUINNESS ATKINSON REAL ASSETS INCOME ETF","exchange":"NYSEARCA","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, Acceleration, deceleration and rollover, Range pressure and compression, Range position and boundary pressure, Directional strength and control."},{"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":35,"displayedObservations":35,"assetType":"ETF","state":"Rotational","stateTone":"caution","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","2026-08-21"],"values":[-0.104494,-0.163155,-0.151738,-0.201257,-0.185848,-0.210221,-0.279854],"opens":[27.5845,27.6468,27.7061,28.0478,27.6828,27.4878,27.5797],"highs":[27.7635,27.9349,28.2124,28.0838,27.8798,27.72,27.7431],"lows":[27.5218,27.6468,27.6931,27.7525,27.6828,27.4354,27.5797],"closes":[27.6675,27.9349,28.2124,27.7525,27.8095,27.72,27.6693],"hoverRows":[[{"label":"Open","value":"27.6","className":"is-ohlc","compact":true},{"label":"High","value":"27.8","className":"is-ohlc","compact":true},{"label":"Low","value":"27.5","className":"is-ohlc","compact":true},{"label":"Close","value":"27.7","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":"27.6","className":"is-ohlc","compact":true},{"label":"High","value":"27.9","className":"is-ohlc","compact":true},{"label":"Low","value":"27.6","className":"is-ohlc","compact":true},{"label":"Close","value":"27.9","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":"27.7","className":"is-ohlc","compact":true},{"label":"High","value":"28.2","className":"is-ohlc","compact":true},{"label":"Low","value":"27.7","className":"is-ohlc","compact":true},{"label":"Close","value":"28.2","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}],[{"label":"Open","value":"28.0","className":"is-ohlc","compact":true},{"label":"High","value":"28.1","className":"is-ohlc","compact":true},{"label":"Low","value":"27.8","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","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":"27.7","className":"is-ohlc","compact":true},{"label":"High","value":"27.9","className":"is-ohlc","compact":true},{"label":"Low","value":"27.7","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","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":"27.5","className":"is-ohlc","compact":true},{"label":"High","value":"27.7","className":"is-ohlc","compact":true},{"label":"Low","value":"27.4","className":"is-ohlc","compact":true},{"label":"Close","value":"27.7","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":"27.6","className":"is-ohlc","compact":true},{"label":"High","value":"27.7","className":"is-ohlc","compact":true},{"label":"Low","value":"27.6","className":"is-ohlc","compact":true},{"label":"Close","value":"27.7","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":[27.634806,28.245094],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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 weakened this week and remains below zero.","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":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.06,"forwardCorrelation":0.17,"directionalAgreement":33.3,"sample":3,"correlationSample":26,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":0.5,"averageReturn":0.5,"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":1.0,"sample":1},{"week":2,"averageReturn":2.0,"sample":1},{"week":3,"averageReturn":0.3,"sample":1},{"week":4,"averageReturn":0.5,"sample":1},{"week":5,"averageReturn":0.2,"sample":1},{"week":6,"averageReturn":0.0,"sample":1},{"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":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-1.9,"averageReturn":-1.9,"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":-1.6,"sample":1},{"week":2,"averageReturn":-1.4,"sample":1},{"week":3,"averageReturn":-1.7,"sample":1},{"week":4,"averageReturn":-1.9,"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":3.0,"averageExpectedMove":3.0,"averageWeeksToLargestMove":6.5,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":0.6,"medianReturn":1.7,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.5,"medianReturn":1.5,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":3},{"week":2,"averageReturn":1.3,"sample":3},{"week":3,"averageReturn":0.2,"sample":3},{"week":4,"averageReturn":0.6,"sample":3},{"week":5,"averageReturn":-1.3,"sample":3},{"week":6,"averageReturn":-2.2,"sample":3},{"week":7,"averageReturn":0.1,"sample":3},{"week":8,"averageReturn":0.8,"sample":3},{"week":9,"averageReturn":1.5,"sample":2},{"week":10,"averageReturn":1.8,"sample":2},{"week":11,"averageReturn":2.8,"sample":2},{"week":12,"averageReturn":1.5,"sample":2},{"week":13,"averageReturn":0.2,"sample":2},{"week":14,"averageReturn":1.6,"sample":2},{"week":15,"averageReturn":1.2,"sample":2},{"week":16,"averageReturn":0.1,"sample":1},{"week":17,"averageReturn":1.0,"sample":1},{"week":18,"averageReturn":2.0,"sample":1},{"week":19,"averageReturn":0.4,"sample":1},{"week":20,"averageReturn":0.6,"sample":1},{"week":21,"averageReturn":0.3,"sample":1},{"week":22,"averageReturn":0.1,"sample":1},{"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":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":-0.2,"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":0.5,"medianReturn":0.5,"confidenceLow":0.0,"confidenceHigh":79.3,"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":1.0,"sample":1},{"week":2,"averageReturn":2.0,"sample":1},{"week":3,"averageReturn":0.3,"sample":1},{"week":4,"averageReturn":0.5,"sample":1},{"week":5,"averageReturn":0.2,"sample":1},{"week":6,"averageReturn":0.0,"sample":1},{"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":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":4.3,"averageExpectedMove":4.3,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":1.7,"medianReturn":0.8,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":3.5,"medianReturn":3.5,"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":-1.9,"sample":3},{"week":2,"averageReturn":-0.5,"sample":3},{"week":3,"averageReturn":0.9,"sample":3},{"week":4,"averageReturn":1.7,"sample":3},{"week":5,"averageReturn":1.9,"sample":3},{"week":6,"averageReturn":2.0,"sample":3},{"week":7,"averageReturn":1.7,"sample":3},{"week":8,"averageReturn":2.0,"sample":2},{"week":9,"averageReturn":0.4,"sample":2},{"week":10,"averageReturn":1.9,"sample":2},{"week":11,"averageReturn":3.0,"sample":1},{"week":12,"averageReturn":3.5,"sample":1},{"week":13,"averageReturn":4.5,"sample":1},{"week":14,"averageReturn":5.6,"sample":1},{"week":15,"averageReturn":3.8,"sample":1},{"week":16,"averageReturn":4.1,"sample":1},{"week":17,"averageReturn":3.7,"sample":1},{"week":18,"averageReturn":3.5,"sample":1},{"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}]}},"pricePressureGap":{"label":"Price 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 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}]},"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":"negative","direction":"weakening","zone":"accumulation","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 2.0%, while the average adverse move was 0.0%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","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":[],"reversal_dangers":[]}},"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","2026-08-21"],"close":[24.9558,25.0413,25.2247,25.6287,25.6308,26.132,26.5633,27.6477,27.4153,27.9992,26.8799,26.7268,25.8132,25.8021,26.9244,27.8121,27.7191,27.6276,27.863,27.6435,26.845,27.743,27.5223,27.3836,27.3786,27.2032,27.8413,27.7457,27.6675,27.9349,28.2124,27.7525,27.8095,27.72,27.6693],"consensus":[80.5501,28.841,23.194,58.0,64.2969,67.4946,74.4761,83.9029,20.542,81.0185,0.0,-15.4509,-65.2692,-45.2498,56.7053,79.209,19.1957,33.0878,52.1101,0.0,-44.2502,46.489,-12.9412,0.0,11.9641,-27.5839,54.4242,22.4294,14.7581,52.4956,57.4402,-21.5179,18.7555,0.0,-8.8635],"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","2026-08-21"],"control":[null,null,null,null,null,72.5453,83.2429,93.1548,7.1862,86.4774,0.0,-8.6911,-54.5569,-44.7319,59.5732,80.6782,7.1096,32.4378,56.953,0.0,-45.9889,60.1376,-15.5895,0.0,7.064,-26.7243,62.7719,25.056,15.1285,55.1299,59.7696,-29.0927,20.221,0.0,-1.9692],"force":[80.5501,28.841,23.194,58.0,29.4224,46.1414,52.3303,65.4094,44.3866,67.0687,0.0,-46.0536,-87.3343,-25.4066,78.7644,82.2969,16.2633,2.795,38.9256,0.0,-60.7796,47.131,-35.3014,0.0,7.6259,-37.6805,69.5259,8.412,3.4496,64.9962,75.4767,-49.8862,22.2522,0.0,-11.0117],"direction":[null,null,null,null,89.2072,76.9747,80.2754,86.539,82.1832,84.7439,0.0,-1.3174,-61.7512,-60.0154,37.6713,75.3243,58.3361,55.4685,55.9927,0.0,-30.4562,30.4321,-6.0571,0.0,20.6629,-21.3545,34.0972,29.4401,22.4125,40.556,41.8947,-7.4021,14.5828,0.0,-19.7091],"intensity":[null,null,null,null,50.0,100.0,83.3333,100.0,75.0,77.7778,100.0,81.8182,83.3333,92.3077,100.0,73.3333,56.25,29.4118,16.6667,21.0526,70.0,71.4286,18.1818,43.4783,25.0,32.0,61.5385,3.7037,17.8571,20.6897,26.6667,51.6129,6.25,18.1818,5.8824],"confirmation":[48.4427,31.8958,30.0887,41.2267,64.3141,88.8705,91.0238,94.1443,14.2673,93.4176,36.4363,51.3133,89.7219,81.8831,86.7743,93.4186,8.7156,55.0081,84.1996,28.0778,82.6373,82.6881,51.4078,3.661,26.4376,77.1477,85.7488,74.7102,49.7057,85.1394,86.895,54.5473,74.086,25.4533,48.8203],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,12.5,12.5,12.5,12.5,12.5,25.0,37.5,37.5,62.5,37.5,25.0,25.0,0.0,0.0,12.5,37.5,37.5,62.5,50.0,50.0,62.5,37.5],"assessmentRisk":[null,null,null,null,17.839,16.2517,12.7619,8.048,39.722,9.4874,28.9093,39.0856,16.9051,27.3284,24.8786,6.6466,40.0645,33.0197,18.3246,16.0837,21.8545,14.8697,17.1059,23.2293,30.0475,24.9278,0.7142,21.3627,23.509,21.0988,7.1897,11.5547,6.8024,29.6188,44.0019],"volumeParticipation":true,"latest":{"consensus":-8.9,"control":-2.0,"force":-11.0,"direction":-19.7,"confirmation":48.8,"persistence":37.5,"assessmentRisk":44.0,"intensity":5.9,"evidenceDepth":100},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Completed tape","direction":"downward","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":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-8.9","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-2.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-11.0","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-19.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"49/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"56.4","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"13.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"77%","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 is rotating through its trend references.","series":[{"label":"Close","values":[24.9558,25.0413,25.2247,25.6287,25.6308,26.132,26.5633,27.6477,27.4153,27.9992,26.8799,26.7268,25.8132,25.8021,26.9244,27.8121,27.7191,27.6276,27.863,27.6435,26.845,27.743,27.5223,27.3836,27.3786,27.2032,27.8413,27.7457,27.6675,27.9349,28.2124,27.7525,27.8095,27.72,27.6693],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,25.2199,25.3857,25.5998,25.9722,26.2345,26.5554,26.6144,26.6348,26.4855,26.3612,26.4636,26.7088,26.8925,27.0261,27.1783,27.2629,27.1869,27.288,27.3306,27.3403,27.3472,27.321,27.4156,27.4756,27.5105,27.5877,27.7013,27.7106,27.7286,27.727,27.7165],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,25.9013,25.894,25.9703,26.1067,26.2262,26.33,26.4435,26.5324,26.5556,26.6435,26.7086,26.7586,26.8045,26.8341,26.9087,26.9707,27.0223,27.0899,27.1731,27.216,27.2599,27.294,27.3218],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,28.3624,28.3571,28.3209,28.2223,28.1337,28.1459,28.327,28.449,28.5299,28.6356,28.6877,28.6279,28.6375,28.5973,28.5632,28.4949,28.4594,28.5118,28.5232,28.5456,28.5355,28.6466,28.6725,28.5399,28.2631,28.2166],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,24.0853,24.2099,24.3201,24.3406,24.3607,24.4388,24.4477,24.4823,24.5306,24.5651,24.6173,24.8661,25.1267,25.3966,25.6062,25.8493,25.9919,26.0673,26.0657,26.0685,26.0722,26.0944,26.1711,26.5032,26.9719,27.0928],"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","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,0.3423,29.0703,9.2314,5.6871,27.0497,21.6752,9.5461,21.1281,20.4285,46.813,34.7218,0.1145,0.6026,18.5572,5.6995,1.1915,1059.8394,0.3059,8.8092,27.2218,42.3596,19.7821,51.7962,83.9818,20.377,103.3496,53.3689,28.6689],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,125.3477,128.132,126.5645,119.5728,114.3135,112.1479,116.6853,120.8515,111.6117,105.0118,105.0324,104.9293,104.1043,104.3312,104.2899,65.0,65.0,65.0,65.8964,65.0,65.0,66.5826,69.227,68.6144,71.7488,70.1152,69.2576],"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],"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","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,0.4933,0.4095,0.4287,0.5097,0.5599,0.5855,0.6178,0.6184,0.5482,0.5586,0.5428,0.5131,0.4836,0.441,0.4535,0.4505,0.4368,0.4424,0.4639,0.4387,0.4186,0.3909,0.3607],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.4924,0.511,0.5324,0.5496,0.5493,0.5512,0.5495,0.5422,0.5305,0.5126,0.5008,0.4907,0.48,0.4724,0.4707,0.4643,0.4552,0.4423,0.426],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0675,0.0745,0.0854,0.0689,-0.0011,0.0074,-0.0067,-0.0291,-0.0469,-0.0716,-0.0473,-0.0402,-0.0432,-0.03,-0.0068,-0.0256,-0.0366,-0.0514,-0.0653],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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","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,2.0423,2.1151,2.1302,2.0205,1.9951,2.0099,1.9903,2.1529,2.1865,2.1359,2.1191,1.9694,1.9852,1.9649,1.9796,1.9058,1.8264,1.8108,1.8276,1.7442,1.7213,1.6434],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,16.3099,15.7788,15.2003,14.7697,14.3746,14.0995,14.7013,14.9881,15.0744,15.3026,15.272,14.0646,13.06,11.856,10.9175,9.7367,9.0634,8.9578,9.0036,9.0715,9.0221,9.3247,9.122,7.4003,4.6753,4.0635],"stroke":"#b87806","width":1.7}],"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","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,100.0,88.2901,100.0,67.0672,62.5623,35.6833,35.3563,68.3749,94.4944,91.7586,89.0667,95.9922,89.5338,66.0392,92.4623,85.9689,81.8872,81.7412,76.5792,94.8032,91.2868,88.3053,97.5289,100.0,80.9334,83.2965,79.586,77.4841],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,0.0,-1.3435,0.0,-3.9977,-4.5445,-7.8073,-7.847,-3.8389,-0.6683,-1.0004,-1.3272,-0.4865,-1.2705,-4.1225,-0.915,-1.7032,-2.1987,-2.2164,-2.843,-0.564,-0.9055,-1.1848,-0.2297,0.0,-1.6301,-1.4281,-1.7453,-1.925],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,12.3872,11.4424,13.816,9.266,8.6436,4.93,4.8848,9.4467,13.0553,12.6774,12.3055,13.2623,12.37,9.124,12.7746,11.8775,11.3135,11.2934,10.5802,11.542,10.5865,9.9544,9.9964,9.4287,7.5665,7.7874,7.4405,7.244],"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],"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","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,12.8904,12.5678,12.2682,12.3322,12.9101,13.4466,13.7404,13.314,12.9727],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,23.9732,32.4356,39.6945,39.5116,37.2796,36.4114,35.0423,30.9775,27.8846,27.2314,25.6161,25.5993,28.7024,27.4463,25.3829,24.5519,25.9612,27.9562,26.1456,25.3871,23.9654,23.7131],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,21.3912,18.3802,16.4055,16.1144,20.6667,18.8888,17.8524,24.3814,21.5701,20.6683,25.374,25.3573,23.5088,21.5501,21.4606,20.758,19.9207,18.4743,17.2778,17.803,20.5096,19.9832],"stroke":"#c13f3f","width":1.6}],"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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/2ed8853a-863f-4d5a-9c48-986228ac9297/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/2ed8853a-863f-4d5a-9c48-986228ac9297/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/2ed8853a-863f-4d5a-9c48-986228ac9297/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/2ed8853a-863f-4d5a-9c48-986228ac9297/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/2ed8853a-863f-4d5a-9c48-986228ac9297/technical-pack/data.json"},"source_fingerprint":"84c5865acf077b2546ce191e86cfa3856046256be0f55f7d3fe32aed81910b52","content_hash":"ae02a95731d37d433bb7be2946d243b449dd80233f2e1986cbf2fffc0e79f36c","citation":"Sharemaestro, GARA Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/2ed8853a-863f-4d5a-9c48-986228ac9297/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."}