{"schema_version":"1.0","name":"DHLX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"3d855374-5e45-46c2-ad7b-0cd8bdb12b12","symbol":"DHLX","name":"DIAMOND HILL LARGE CAP CONCENTRATED ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Acceleration, deceleration and rollover, Range position and boundary pressure, Directional strength and control, Activity pressure and cumulative balance, 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":"2026-08-21","observations":47,"displayedObservations":47,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure retains strong Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","take":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.269706,-0.286082,-0.173685,-0.136214,-0.152548,-0.280402,-0.443536,-0.521968,-0.519109,-0.482872,-0.413542,-0.196626,0.019449,0.351848,0.552432,0.633092,0.756575,0.727623,0.8055],"opens":[13.1,13.47,13.439532,13.39465,13.045572,13.065519,13.225098,13.075493,13.035598,13.135335,12.917011,13.04,13.25,13.39,13.43,13.405,13.89,13.93,13.81],"highs":[13.52,13.5091,13.58415,13.494387,13.075493,13.240058,13.235071,13.155282,13.125261,13.135335,13.105414,13.3439,13.44,13.56,13.45,13.69,13.95,14.04,13.91],"lows":[13.1,13.32,13.28494,13.070506,12.895966,13.01565,13.075493,12.954612,12.935861,12.885993,12.885993,12.91,13.1669,13.23,13.18,13.345,13.78,13.825,13.7294],"closes":[13.445,13.4739,13.464067,13.085466,12.987425,13.164358,13.075493,13.085466,13.055545,12.935861,13.025624,13.3439,13.3,13.474,13.3046,13.64,13.9206,13.825,13.8803],"hoverRows":[[{"label":"Open","value":"13.1","className":"is-ohlc","compact":true},{"label":"High","value":"13.5","className":"is-ohlc","compact":true},{"label":"Low","value":"13.1","className":"is-ohlc","compact":true},{"label":"Close","value":"13.4","className":"is-ohlc","compact":true},{"label":"Market 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supported","detail":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","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":"Supported","detail":"Underlying support has strengthened across the recent completed path.","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":[{"date":"2026-06-26","price":13.025624}],"reversal_dangers":[{"date":"2026-04-17","price":13.445},{"date":"2026-07-03","price":13.3439}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[13.0705,12.7387,12.7897,12.9456,12.7738,12.6984,12.7595,12.6716,12.9494,13.0108,13.1968,13.185,13.3245,13.1753,13.3149,13.2419,13.0565,13.3543,13.5644,13.588,13.6141,13.753,13.3049,12.9458,12.7663,12.5976,12.956,13.1148,13.445,13.4739,13.4641,13.0855,12.9874,13.1644,13.0755,13.0855,13.0555,12.9359,13.0256,13.3439,13.3,13.474,13.3046,13.64,13.9206,13.825,13.8803],"consensus":[100.0,-100.0,-13.6949,-10.7786,-65.918,-29.8795,-12.5912,-48.5439,52.8221,42.3602,67.957,23.6571,64.3409,0.0,58.0427,12.6242,-37.6508,60.2251,65.9911,46.0671,42.3185,66.7925,-46.4017,-66.1499,-64.9369,-66.4982,12.428,21.0599,52.0425,36.9203,26.1563,-44.7955,-33.5941,0.0,-34.5309,0.0,0.0,-38.1937,0.0,51.4804,16.6424,48.8927,0.0,60.1808,59.1296,13.5038,49.2756],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-28.5395,-5.7743,-31.5306,43.9206,30.4224,55.4729,8.2482,54.002,0.0,52.2328,18.119,-28.1464,61.4782,63.518,47.1257,41.0783,64.9419,-41.4603,-63.0902,-60.0227,-70.5023,27.0563,17.7937,53.7293,35.9277,21.1711,-45.5021,-27.4685,0.0,-36.5832,0.0,0.0,-40.662,0.0,50.9849,11.3911,42.7679,0.0,61.5412,64.2509,2.4566,49.0658],"force":[100.0,-100.0,-13.6949,-10.7786,-38.433,-6.9707,-7.1609,-58.382,91.4088,52.628,90.4059,6.8233,73.5565,0.0,75.2875,26.133,-73.8622,81.5696,85.0883,28.8134,21.3814,77.4847,-91.9131,-89.9769,-80.9777,-64.0368,63.0769,46.992,60.395,25.8478,10.727,-83.4107,-33.7942,0.0,-37.0344,0.0,0.0,-36.0018,0.0,73.0085,4.5667,60.0121,0.0,72.2362,46.979,20.0619,36.3755],"direction":[null,null,null,null,-85.5501,-47.7743,-34.4906,-60.9603,35.4334,48.6694,66.1896,63.0391,69.5743,0.0,52.365,34.0281,-22.6477,43.5469,55.1766,57.1812,58.6909,61.2701,-19.5409,-52.6274,-59.0956,-63.6803,40.468,6.2699,44.1486,45.9638,42.8747,-16.4056,-40.4519,0.0,-30.3973,0.0,0.0,-36.9385,0.0,36.6694,31.2693,47.9501,0.0,50.0151,61.9557,55.7198,58.7296],"intensity":[null,null,null,null,75.0,40.0,33.3333,28.5714,75.0,55.5556,20.0,100.0,16.6667,23.0769,21.4286,6.6667,37.5,88.2353,77.7778,15.7895,10.0,23.8095,100.0,95.6522,54.1667,64.0,92.3077,81.4815,82.1429,51.7241,3.3333,93.5484,93.75,30.303,8.8235,20.0,2.7778,21.6216,13.1579,76.9231,65.0,36.5854,35.7143,88.3721,97.7273,13.3333,26.087],"confirmation":[54.6667,54.6667,27.049,26.1158,65.1706,54.217,27.7254,84.0931,86.2147,82.0501,90.6206,53.6651,89.0275,32.7487,87.1878,31.0165,81.2967,87.9034,89.7368,82.1995,80.9227,89.7277,84.3109,89.9408,89.3436,89.1434,36.5975,52.9126,84.8824,79.4922,75.9758,83.5006,78.8496,28.5164,79.0949,24.6165,1.9298,80.1176,4.2733,85.1374,50.3709,84.0779,32.2858,87.6045,86.4731,8.3454,91.3782],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,75.0,50.0,25.0,0.0,25.0,37.5,62.5,87.5,62.5,62.5,62.5,62.5,62.5,75.0,50.0,25.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,25.0,25.0,37.5,12.5,0.0,12.5,37.5,50.0,25.0,0.0,12.5,25.0,37.5,50.0,75.0,87.5],"assessmentRisk":[null,null,null,null,12.821,3.297,2.8432,23.1053,11.1586,26.2769,15.3964,37.9762,16.8737,37.9467,6.7371,13.555,28.9277,11.3445,13.3352,25.8885,28.7891,16.3113,20.4555,16.6977,17.4935,16.749,51.2367,20.0444,23.5047,31.4567,35.6146,16.514,30.7682,44.334,28.4712,1.5504,18.8327,22.0874,13.7085,18.5709,35.3848,25.4123,50.0599,15.4181,20.3702,41.7029,25.2658],"volumeParticipation":true,"latest":{"consensus":49.3,"control":49.1,"force":36.4,"direction":58.7,"confirmation":91.4,"persistence":87.5,"assessmentRisk":25.3,"intensity":26.1,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+49.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+49.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+36.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+58.7","detail":"Upward 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direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.0211,0.0312,0.0499,0.0582,0.0492,0.0654,0.0941,0.1173,0.1363,0.1607,0.1423,0.0975,0.0471,-0.0065,-0.0198,-0.0173,0.0112,0.0357,0.0537,0.037,0.0157,0.0129,0.0035,-0.0032,-0.0107,-0.026,-0.0306,-0.0084,0.0056,0.0303,0.0359,0.0665,0.1122,0.1391,0.163],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0374,0.043,0.0532,0.066,0.0801,0.0962,0.1054,0.1038,0.0925,0.0727,0.0542,0.0399,0.0342,0.0345,0.0383,0.0381,0.0336,0.0294,0.0242,0.0188,0.0129,0.0051,-0.002,-0.0033,-0.0015,0.0048,0.011,0.0221,0.0401,0.0599,0.0805],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0118,0.0224,0.0409,0.0513,0.0562,0.0645,0.0368,-0.0063,-0.0454,-0.0792,-0.074,-0.0572,-0.023,0.0012,0.0154,-0.0011,-0.0179,-0.0166,-0.0208,-0.0219,-0.0236,-0.0311,-0.0285,-0.0051,0.0071,0.0255,0.0248,0.0444,0.0721,0.0791,0.0824],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-10-03","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","2026-08-21"]},{"key":"range","eyebrow":"Acceptance 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}