{"schema_version":"1.0","name":"MGN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"3cb7cc57-f5ce-4284-af6a-0847ccbdb393","symbol":"MGN","name":"Megan Holdings Limited Ordinary Shares","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Industrials","industry":"Engineering & Construction"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Activity pressure and cumulative balance, Range position and boundary pressure, Acceleration, deceleration and rollover, Range pressure and compression."},{"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":47,"displayedObservations":47,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.252628,-0.439866,-0.50131,-0.66034,-0.775334,-0.765885,-0.686787,-0.649,-0.607649,-0.57136,-0.583707,-0.494114,-0.293852,-0.14342,-0.044798,-0.055026,-0.030428,0.068433,0.135745],"opens":[0.1504,0.2355,0.2171,0.1882,0.1763,0.1648,0.152,0.155,0.1465,0.1378,0.1512,0.1365,0.1698,0.13,0.1155,0.1056,0.0759,0.1209,0.09],"highs":[0.3583,0.2619,0.221,0.1882,0.1763,0.1801,0.2017,0.164,0.156,0.1639,0.1559,0.2761,0.176,0.148,0.1178,0.1089,0.126,0.31,0.1378],"lows":[0.1494,0.211,0.1752,0.1681,0.1346,0.1453,0.136301,0.1429,0.137,0.133,0.135,0.1328,0.124,0.1126,0.1,0.06,0.0557,0.0874,0.09],"closes":[0.2441,0.211,0.1907,0.1799,0.167,0.156,0.1622,0.147,0.1391,0.1559,0.1388,0.177,0.1301,0.1161,0.103,0.075,0.0736,0.104,0.1047],"hoverRows":[[{"label":"Open","value":"0.15","className":"is-ohlc","compact":true},{"label":"High","value":"0.36","className":"is-ohlc","compact":true},{"label":"Low","value":"0.15","className":"is-ohlc","compact":true},{"label":"Close","value":"0.24","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.03","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.12","className":"is-ohlc","compact":true},{"label":"High","value":"0.31","className":"is-ohlc","compact":true},{"label":"Low","value":"0.09","className":"is-ohlc","compact":true},{"label":"Close","value":"0.10","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.07","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"0.09","className":"is-ohlc","compact":true},{"label":"High","value":"0.14","className":"is-ohlc","compact":true},{"label":"Low","value":"0.09","className":"is-ohlc","compact":true},{"label":"Close","value":"0.10","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.14","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[0.06337,0.25433],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.135745,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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"],"close":[4.85,3.36,2.645,2.61,1.8,1.71,1.43,1.54,1.73,1.94,2.12,1.98,1.9,1.67,1.66,1.94,1.73,1.88,1.69,1.89,2.07,2.06,2.0,2.98,3.26,4.7,0.1688,0.1497,0.2441,0.211,0.1907,0.1799,0.167,0.156,0.1622,0.147,0.1391,0.1559,0.1388,0.177,0.1301,0.1161,0.103,0.075,0.0736,0.104,0.1047],"consensus":[-52.4194,-14.5299,-60.8108,32.3863,-39.6731,-24.7882,-23.4191,-14.6546,0.0,0.0,0.0,-13.1542,0.0,-21.4794,0.0,0.0,-15.0653,0.0,-15.3923,12.091,14.3534,13.2356,0.0,49.7536,40.8502,70.5427,-63.3044,-35.5291,-28.1866,-42.5413,-24.0536,-16.9825,-12.7285,-22.6197,-18.2683,-23.004,-23.7907,0.0,-20.2127,-10.6277,-21.1768,-19.971,-17.9047,-16.8683,-14.742,-11.3037,-8.691],"supportDates":["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"],"control":[null,null,null,null,null,-27.1057,-25.4782,-11.87,0.0,0.0,0.0,-23.1063,0.0,-29.8174,0.0,0.0,-20.8344,0.0,-25.3362,21.3725,18.2971,19.8884,0.0,44.3769,40.3535,67.7667,-57.5133,-35.9542,-25.569,-47.5035,-31.6122,-19.3632,-10.1653,-29.442,-23.4847,-32.2847,-34.7826,0.0,-29.8733,-17.9992,-32.08,-31.0477,-27.9671,-23.1786,-22.1502,-20.7802,-15.8783],"force":[-52.4194,-14.5299,-60.8108,32.3863,-20.5261,-11.8066,-10.4873,-1.6631,0.0,0.0,0.0,-9.2784,0.0,-16.1259,0.0,0.0,-15.9691,0.0,-13.7951,16.3936,17.2807,12.9081,0.0,78.5775,42.6829,91.2375,-97.708,-15.4176,-3.2988,-24.9163,-5.6024,-1.4774,-4.8321,-6.3185,-1.8726,-8.5639,-10.1441,0.0,-9.0415,-3.0397,-14.659,-11.5241,-9.7022,-9.6846,-7.3318,-3.5442,-3.8363],"direction":[null,null,null,null,-53.3494,-31.4123,-30.3028,-27.1166,0.0,0.0,0.0,-4.5486,0.0,-15.774,0.0,0.0,-7.8264,0.0,-5.1687,1.5896,7.7555,5.8662,0.0,35.31,40.1087,58.9332,-45.3487,-49.4087,-48.9552,-49.4596,-28.5948,-27.4472,-28.2012,-26.4665,-24.0178,-22.7118,-20.9761,0.0,-17.1516,-11.9655,-13.3715,-13.3453,-12.2637,-14.7878,-11.5684,-6.0158,-3.9446],"intensity":[null,null,null,null,50.0,40.0,16.6667,14.2857,25.0,44.4444,30.0,18.1818,41.6667,38.4615,42.8571,66.6667,25.0,47.0588,22.2222,26.3158,50.0,4.7619,86.3636,95.6522,79.1667,96.0,96.1538,100.0,14.2857,6.8966,3.3333,3.2258,6.25,3.0303,5.8824,14.2857,2.7778,8.1081,10.5263,33.3333,30.0,14.6341,16.6667,25.5814,11.3636,46.6667,45.6522],"confirmation":[39.4409,27.3162,42.1261,33.0303,57.1534,75.5013,75.0686,49.6693,2.8866,24.6446,1.0966,49.2729,1.4082,74.5832,25.4125,49.2756,50.0939,24.5861,50.0587,49.5313,49.9556,49.4574,1.9587,84.8815,81.1355,91.2467,89.3941,78.7499,53.6344,81.0005,52.353,50.484,49.9412,51.9709,50.6,74.7798,75.0296,3.2863,73.9804,48.8538,74.4118,73.9645,73.3262,73.0828,49.712,25.903,18.137],"persistence":[null,null,100.0,50.0,60.0,66.6667,71.4286,75.0,62.5,50.0,37.5,62.5,50.0,50.0,37.5,25.0,37.5,37.5,50.0,25.0,12.5,12.5,12.5,25.0,50.0,62.5,62.5,37.5,12.5,12.5,25.0,50.0,75.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0],"assessmentRisk":[null,null,null,null,30.1627,37.3997,37.4893,41.0164,5.3209,21.9441,42.7889,41.4237,18.6594,15.086,43.4368,10.7511,19.6784,38.1895,15.5767,19.7858,40.5646,31.9817,44.4521,25.0373,29.5314,14.7275,12.1142,30.7435,34.7813,28.6016,12.8404,9.6128,3.4979,9.2603,8.0717,10.2759,10.825,3.0139,9.1373,41.8268,2.2123,38.0324,38.6495,41.5625,42.2903,19.1053,8.1567],"volumeParticipation":true,"latest":{"consensus":-8.7,"control":-15.9,"force":-3.8,"direction":-3.9,"confirmation":18.1,"persistence":100.0,"assessmentRisk":8.2,"intensity":45.7,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-8.7","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-15.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-3.8","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction 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