{"schema_version":"1.0","name":"XNDU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"3cb73347-cdd5-45b9-9019-d03e3889943a","symbol":"XNDU","name":"Xanadu Quantum Technologies Limited","exchange":"TOR","country":"CA","asset_type":"equity","currency":"CAD","sector":"Technology","industry":"Software - Infrastructure"},"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, Activity pressure and cumulative balance, 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":"2026-08-14","observations":21,"displayedObservations":21,"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":["2026-03-27","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"],"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],"opens":[14.4,15.52,11.77,12.97,40.91,43.25,19.0,20.559999,17.4,21.959999,19.49,17.639999,18.33,16.639999,16.559999,16.0,15.62,14.02,14.85,15.76,15.25],"highs":[17.02,15.6,13.03,57.0,47.950001,52.27,26.629999,21.65,22.33,26.6,19.49,17.639999,18.98,16.799999,16.969999,16.0,16.08,15.84,15.82,16.700001,16.34],"lows":[12.49,9.75,10.15,12.97,28.5,33.400002,16.389999,18.559999,16.01,21.049999,17.620001,16.41,18.33,15.6,16.559999,15.6,13.36,14.02,13.5,14.44,14.35],"closes":[16.030001,11.59,12.44,41.52,42.220001,48.889999,21.5,18.780001,20.93,22.49,18.059999,16.459999,18.6,15.84,16.75,15.88,13.97,14.45,15.11,15.36,15.97],"hoverRows":[[{"label":"Open","value":"14.4","className":"is-ohlc","compact":true},{"label":"High","value":"17.0","className":"is-ohlc","compact":true},{"label":"Low","value":"12.5","className":"is-ohlc","compact":true},{"label":"Close","value":"16.0","className":"is-ohlc","compact":true},{"label":"Market 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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":[9.352,51.127999],"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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-01","price":48.889999}],"reversal_dangers":[{"date":"2026-05-08","price":21.5}]}},"smTape":{"available":true,"dates":["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"],"close":[16.03,11.59,12.44,41.52,42.22,48.89,21.5,18.78,20.93,22.49,18.06,16.46,18.6,15.84,16.75,15.88,13.97,14.45,15.11,15.36,15.97],"consensus":[56.2914,-37.094,59.0278,17.2169,65.7322,63.8434,-13.1896,-44.518,0.0,-14.1659,-33.6217,-33.913,-10.4894,-39.2954,-13.0906,-12.5728,-37.0316,-19.5939,0.0,-11.5163,-6.8314],"supportDates":["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"],"control":[null,null,null,null,null,65.3466,-28.251,-39.6975,0.0,-6.2476,-37.5161,-42.6675,-8.4455,-38.6083,-12.3927,-10.0065,-38.5383,-24.2019,0.0,-13.457,-8.0538],"force":[56.2914,-37.094,59.0278,17.2169,19.2267,39.4825,-11.4009,-45.6852,0.0,-1.7156,-30.2777,-21.3765,-3.3422,-34.3325,-1.4056,-0.2611,-34.8446,-2.9481,0.0,-1.2958,-18.8323],"direction":[null,null,null,null,98.9503,79.5263,-2.7457,-49.1934,0.0,-32.1083,-31.5596,-32.8626,-22.705,-43.6256,-24.2428,-24.2998,-36.8717,-26.2173,0.0,-16.5988,-3.1378],"intensity":[null,null,null,null,75.0,60.0,83.3333,42.8571,12.5,55.5556,70.0,9.0909,16.6667,38.4615,7.1429,13.3333,31.25,5.8824,11.1111,15.7895,5.0],"confirmation":[40.6799,34.5368,41.5556,28.1761,64.2417,87.6646,49.8557,82.3548,29.975,26.941,78.5977,78.3367,49.0125,80.4338,49.3911,49.0205,79.7605,51.0259,3.8848,48.6775,48.5359],"persistence":[null,null,33.3333,50.0,60.0,66.6667,42.8571,25.0,12.5,12.5,12.5,37.5,62.5,87.5,87.5,87.5,100.0,100.0,87.5,87.5,75.0],"assessmentRisk":[null,null,null,null,15.2879,17.8999,31.4443,22.7514,42.4112,40.8835,3.8985,7.7267,4.4147,6.4784,0.8244,3.7454,8.1084,0.973,7.5725,6.9685,35.6748],"volumeParticipation":true,"latest":{"consensus":-6.8,"control":-8.1,"force":-18.8,"direction":-3.1,"confirmation":48.5,"persistence":75.0,"assessmentRisk":35.7,"intensity":5.0,"evidenceDepth":81},"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-6.8","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-8.1","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-18.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-3.1","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"49/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"33.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"34.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"13%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}