{"schema_version":"1.0","name":"2675 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"34530f37-7092-436f-88e4-7d3233ed6adf","symbol":"2675","name":"Shenzhen Edge Medical Co Ltd","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Healthcare","industry":"Medical Devices"},"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, Drawdown and recovery pressure, Range position and boundary pressure, Range pressure and compression, Activity pressure and cumulative balance, 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":33,"displayedObservations":33,"assetType":"Equity","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":["2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-1.175715,-1.561303,-1.45545,-1.279492,-1.11421],"opens":[38.0,38.959999,37.799999,39.419998,39.740002],"highs":[42.740002,40.5,40.400002,42.099998,39.740002],"lows":[35.619999,36.5,37.080002,38.200001,35.799999],"closes":[38.139999,37.48,39.419998,38.299999,35.939999],"hoverRows":[[{"label":"Open","value":"38.0","className":"is-ohlc","compact":true},{"label":"High","value":"42.7","className":"is-ohlc","compact":true},{"label":"Low","value":"35.6","className":"is-ohlc","compact":true},{"label":"Close","value":"38.1","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":"39.0","className":"is-ohlc","compact":true},{"label":"High","value":"40.5","className":"is-ohlc","compact":true},{"label":"Low","value":"36.5","className":"is-ohlc","compact":true},{"label":"Close","value":"37.5","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":"37.8","className":"is-ohlc","compact":true},{"label":"High","value":"40.4","className":"is-ohlc","compact":true},{"label":"Low","value":"37.1","className":"is-ohlc","compact":true},{"label":"Close","value":"39.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"39.4","className":"is-ohlc","compact":true},{"label":"High","value":"42.1","className":"is-ohlc","compact":true},{"label":"Low","value":"38.2","className":"is-ohlc","compact":true},{"label":"Close","value":"38.3","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":"39.7","className":"is-ohlc","compact":true},{"label":"High","value":"39.7","className":"is-ohlc","compact":true},{"label":"Low","value":"35.8","className":"is-ohlc","compact":true},{"label":"Close","value":"35.9","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}]],"pressureRange":[-2.3,2.3],"priceRange":[35.731199,39.628798],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"strengthening","fourWeekDirection":"steady","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. 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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":26,"relationship":{"sameWeekCorrelation":-0.04,"forwardCorrelation":-0.06,"directionalAgreement":100.0,"sample":1,"correlationSample":25,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","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 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Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","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":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[56.0,63.7,70.15,63.7,59.55,66.55,64.65,64.1,64.1,57.65,54.55,53.4,56.8,55.0,56.0,52.9,52.7,53.05,50.4,53.3,54.0,51.3,38.34,38.4,37.18,44.36,40.72,36.6,38.14,37.48,39.42,38.3,35.94],"consensus":[33.3333,0.0,62.0,-15.6348,0.0,30.9199,-11.4112,0.0,20.5227,-37.951,-37.5915,-22.6058,0.0,-21.7891,0.0,-26.5345,-18.7963,-9.24,-31.0734,9.0194,0.0,-23.7113,-66.3875,-41.1344,-37.199,14.0963,-22.1352,-49.2289,-11.6066,-34.113,0.0,-25.6907,-42.0003],"supportDates":["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,36.5863,-15.4237,0.0,23.3366,-39.0944,-35.4827,-10.7374,0.0,-22.9339,0.0,-28.851,-19.1953,-7.456,-32.1129,13.0071,0.0,-30.2191,-71.2324,-41.6053,-31.8488,25.0721,-28.8256,-60.0236,-19.1071,-34.5711,0.0,-35.995,-50.3936],"force":[33.3333,0.0,62.0,-15.6348,0.0,27.6989,-23.0039,0.0,18.1314,-42.8045,-32.709,-9.2648,0.0,-18.1451,0.0,-29.0375,-8.8265,-1.5185,-25.8351,27.4598,0.0,-19.1985,-71.4141,-16.2721,-14.5767,64.2121,-11.46,-45.2847,-20.4355,-21.1272,0.0,-23.7623,-41.7121],"direction":[null,null,null,null,0.0,26.7445,-1.455,0.0,19.0148,-33.1775,-43.489,-45.6991,0.0,-23.0836,0.0,-22.0992,-25.4615,-18.9636,-33.6271,8.7096,0.0,-19.4973,-57.2601,-58.3551,-59.4725,34.2444,-22.1141,-39.7094,-25.9217,-42.8652,0.0,-15.2917,-32.6137],"intensity":[null,null,null,null,25.0,80.0,83.3333,14.2857,62.5,33.3333,20.0,18.1818,25.0,7.6923,7.1429,20.0,50.0,5.8824,22.2222,26.3158,65.0,90.4762,95.4545,13.0435,20.8333,84.0,34.6154,37.037,14.2857,20.6897,20.0,16.129,31.25],"confirmation":[33.3333,1.3333,42.5067,27.6698,3.6011,77.7098,49.5875,24.5159,74.4515,80.2748,79.9126,75.0081,28.2665,74.844,24.6916,76.532,73.7049,25.6467,77.768,27.9122,0.9502,75.3509,89.3234,80.3981,79.2958,35.8431,74.656,83.4686,29.6495,78.5134,5.0355,76.0052,55.0],"persistence":[null,null,66.6667,25.0,20.0,33.3333,14.2857,12.5,12.5,0.0,25.0,25.0,25.0,50.0,37.5,50.0,75.0,75.0,75.0,50.0,50.0,50.0,62.5,62.5,62.5,37.5,37.5,62.5,75.0,75.0,62.5,62.5,62.5],"assessmentRisk":[null,null,null,null,24.9419,6.3167,31.3506,2.4004,25.5557,27.6385,29.2856,37.44,44.6015,14.9144,17.2343,6.3328,33.0817,23.006,33.6959,3.2969,24.4531,17.3899,16.5965,29.3845,31.3824,53.0886,35.7159,5.352,16.3702,28.5473,13.2466,30.8613,2.2023],"volumeParticipation":true,"latest":{"consensus":-42.0,"control":-50.4,"force":-41.7,"direction":-32.6,"confirmation":55.0,"persistence":62.5,"assessmentRisk":2.2,"intensity":31.2,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the 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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-42.0","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-50.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-41.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}