{"schema_version":"1.0","name":"ORC3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"331f227f-79e6-4f2e-8d0e-c104bdd41ca2","symbol":"ORC3","name":"LEVERAGE SHARES PUBLIC LIMITED","exchange":"LSE","country":"GB","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, Completed returns and cumulative progression, Range expansion and closing direction, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance."},{"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":17,"displayedObservations":17,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-05-01","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[9.60587,13.135,15.26,14.71,14.89,24.605,10.755,10.7,5.7475,4.775,5.0475,2.902,3.25,2.522,3.44,4.798,4.954],"highs":[11.005,17.395,15.6,15.77,21.450001,24.605,11.145,10.7,6.07,5.0275,5.25,3.221,3.344,3.5,4.58,5.755,4.954],"lows":[9.355,12.94,13.195,12.11,13.645,19.4,10.36,10.62,5.575,4.775,4.666,2.81,2.46,2.334,3.43,4.412,3.8],"closes":[11.005,16.174999,15.3175,14.775,21.264999,19.4,10.795,10.62,5.705,5.008,4.672,3.173,2.623,3.073,4.58,5.205,4.515],"hoverRows":[[{"label":"Open","value":"9.61","className":"is-ohlc","compact":true},{"label":"High","value":"11.0","className":"is-ohlc","compact":true},{"label":"Low","value":"9.36","className":"is-ohlc","compact":true},{"label":"Close","value":"11.0","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":"13.1","className":"is-ohlc","compact":true},{"label":"High","value":"17.4","className":"is-ohlc","compact":true},{"label":"Low","value":"12.9","className":"is-ohlc","compact":true},{"label":"Close","value":"16.2","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":"15.3","className":"is-ohlc","compact":true},{"label":"High","value":"15.6","className":"is-ohlc","compact":true},{"label":"Low","value":"13.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.3","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":"14.7","className":"is-ohlc","compact":true},{"label":"High","value":"15.8","className":"is-ohlc","compact":true},{"label":"Low","value":"12.1","className":"is-ohlc","compact":true},{"label":"Close","value":"14.8","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":"14.9","className":"is-ohlc","compact":true},{"label":"High","value":"21.5","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"21.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"24.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.6","className":"is-ohlc","compact":true},{"label":"Low","value":"19.4","className":"is-ohlc","compact":true},{"label":"Close","value":"19.4","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":"10.8","className":"is-ohlc","compact":true},{"label":"High","value":"11.1","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.8","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":"10.7","className":"is-ohlc","compact":true},{"label":"High","value":"10.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","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":"5.75","className":"is-ohlc","compact":true},{"label":"High","value":"6.07","className":"is-ohlc","compact":true},{"label":"Low","value":"5.58","className":"is-ohlc","compact":true},{"label":"Close","value":"5.71","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":"4.78","className":"is-ohlc","compact":true},{"label":"High","value":"5.03","className":"is-ohlc","compact":true},{"label":"Low","value":"4.78","className":"is-ohlc","compact":true},{"label":"Close","value":"5.01","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":"5.05","className":"is-ohlc","compact":true},{"label":"High","value":"5.25","className":"is-ohlc","compact":true},{"label":"Low","value":"4.67","className":"is-ohlc","compact":true},{"label":"Close","value":"4.67","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":"2.90","className":"is-ohlc","compact":true},{"label":"High","value":"3.22","className":"is-ohlc","compact":true},{"label":"Low","value":"2.81","className":"is-ohlc","compact":true},{"label":"Close","value":"3.17","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":"3.25","className":"is-ohlc","compact":true},{"label":"High","value":"3.34","className":"is-ohlc","compact":true},{"label":"Low","value":"2.46","className":"is-ohlc","compact":true},{"label":"Close","value":"2.62","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":"2.52","className":"is-ohlc","compact":true},{"label":"High","value":"3.50","className":"is-ohlc","compact":true},{"label":"Low","value":"2.33","className":"is-ohlc","compact":true},{"label":"Close","value":"3.07","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":"3.44","className":"is-ohlc","compact":true},{"label":"High","value":"4.58","className":"is-ohlc","compact":true},{"label":"Low","value":"3.43","className":"is-ohlc","compact":true},{"label":"Close","value":"4.58","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":"4.80","className":"is-ohlc","compact":true},{"label":"High","value":"5.75","className":"is-ohlc","compact":true},{"label":"Low","value":"4.41","className":"is-ohlc","compact":true},{"label":"Close","value":"5.21","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":"4.95","className":"is-ohlc","compact":true},{"label":"High","value":"4.95","className":"is-ohlc","compact":true},{"label":"Low","value":"3.80","className":"is-ohlc","compact":true},{"label":"Close","value":"4.51","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":[1.50448,22.383519],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"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 remains positive and was little changed this week.","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":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":21.264999}],"reversal_dangers":[{"date":"2026-06-05","price":19.4}]}},"smTape":{"available":true,"dates":["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":[11.005,16.175,15.3175,14.775,21.265,19.4,10.795,10.62,5.705,5.008,4.672,3.173,2.623,3.073,4.58,5.205,4.515],"consensus":[100.0,45.23,76.5073,45.6284,81.8312,11.384,-46.4236,-45.9201,-72.4423,-38.8298,-59.142,-51.3445,-57.9908,-26.3787,8.7376,0.0,-18.3139],"supportDates":["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,13.4388,-44.8348,-48.5009,-64.7119,-19.5496,-59.1518,-27.3936,-55.3458,-20.2981,11.1687,0.0,-27.3465],"force":[100.0,45.23,76.5073,45.6284,56.9631,29.2581,-29.6649,-22.9623,-78.3263,-16.2318,-35.9943,-52.8624,-41.2498,-18.1742,71.4049,0.0,-10.7822],"direction":[null,null,null,null,99.5942,68.783,-60.2099,-59.3691,-77.0742,-77.0057,-75.665,-77.6328,-72.9714,-65.1514,38.803,0.0,-13.3708],"intensity":[null,null,null,null,100.0,60.0,100.0,14.2857,50.0,22.2222,10.0,54.5455,25.0,23.0769,50.0,46.6667,31.25],"confirmation":[54.6667,37.1403,47.149,37.2678,70.3825,34.5579,82.369,81.9554,91.4787,80.0306,86.2198,84.8415,86.0872,33.7199,35.6135,27.9547,55.0],"persistence":[null,null,100.0,100.0,100.0,100.0,71.4286,50.0,25.0,0.0,25.0,50.0,75.0,100.0,75.0,62.5,62.5],"assessmentRisk":[null,null,null,null,8.8855,30.9945,12.9036,12.9864,13.6664,30.4572,15.6233,22.1426,4.8,11.2678,5.7695,27.1687,34.9989],"volumeParticipation":true,"latest":{"consensus":-18.3,"control":-27.3,"force":-10.8,"direction":-13.4,"confirmation":55.0,"persistence":62.5,"assessmentRisk":35.0,"intensity":31.2,"evidenceDepth":65},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-18.3","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-27.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-10.8","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"72.3","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"50.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"10%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[11.005,16.175,15.3175,14.775,21.265,19.4,10.795,10.62,5.705,5.008,4.672,3.173,2.623,3.073,4.58,5.205,4.515],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,14.471,15.3672,14.5359,13.8239,12.3477,11.0132,9.8603,8.6444,7.5496,6.7357,6.3437,6.1367,5.8418],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,9.9997,9.4866,9.1232,8.8329,8.5131],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,23.1941,23.0801,23.0124,22.8454,22.5206,22.0601,21.5963,21.1814],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,2.819,1.4176,-0.0274,-1.2248,-2.0054,-2.3019,-2.4224,-2.6041],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,46.9786,-5.3014,-3.5417,43.9255,-8.7703,-44.3557,-1.6211,-46.2806,-12.2174,-6.7093,-32.0848,-17.3338,17.1559,49.04,13.6463,-13.2565],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,46.9786,39.1867,34.2572,93.2303,76.2835,-1.9082,-3.4984,-48.1599,-54.4934,-57.5466,-71.1677,-76.1654,-72.0763,-58.3826,-52.7033,-58.9732],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[14.9932,27.5425,15.701,24.7716,36.7035,26.8299,7.2719,0.7533,8.6766,5.0419,12.5,12.953,33.7019,37.9434,25.1092,25.8021,25.5592],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[14.5654,23.1443,0.3768,0.4419,42.814,-21.1542,0.3719,-0.7477,-0.7395,4.8796,-7.4393,9.3384,-19.2923,21.8477,33.1395,8.4827,-8.8615],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-5.3014,-8.6553,0.0,-8.7703,-49.2358,-50.0588,-73.1719,-76.4496,-78.0296,-85.0788,-87.6652,-85.549,-78.4623,-75.5232,-78.7679],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,0.0,0.0,0.0,0.0,17.1559,74.6092,98.4369,72.1311],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,-1.8195,-2.0922,-2.1617,-2.1417,-2.1566],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-2.0102],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.1464],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,0.5188,305.2738,63.448,497.2682,213.1913,754.6117,196.9215,102.4242,52.1408,62.7493],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,131.7376,101.5038,95.4652,65.0,65.0,65.0,71.9866,75.6269,77.4227,75.3107],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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/331f227f-79e6-4f2e-8d0e-c104bdd41ca2/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/331f227f-79e6-4f2e-8d0e-c104bdd41ca2/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/331f227f-79e6-4f2e-8d0e-c104bdd41ca2/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/331f227f-79e6-4f2e-8d0e-c104bdd41ca2/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/331f227f-79e6-4f2e-8d0e-c104bdd41ca2/technical-pack/data.json"},"source_fingerprint":"fd398d78f55bfc6934fb59fec8a3e40af9d1850f166b7aeefc89a177e82e987a","content_hash":"6d06d872c26f9fb709a273cb02b9e9df4e74ccd6b9d24b031d93acf751f6e01d","citation":"Sharemaestro, ORC3 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/331f227f-79e6-4f2e-8d0e-c104bdd41ca2/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."}