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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, Activity pressure and cumulative balance, Range position and boundary pressure, Acceleration, deceleration and rollover, Range pressure and compression, 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":38,"displayedObservations":38,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. 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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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 50.0% of comparable cases moved higher after 12 weeks, with an average move of 0.3% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 3.9% across 2 completed cases, with the largest move arriving after 8.5 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-07-03","price":21.164949}],"reversal_dangers":[{"date":"2026-06-19","price":20.168535}]}},"smTape":{"available":true,"dates":["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":[19.8372,19.8276,19.962,19.9644,19.9837,20.3603,20.8142,20.892,20.6829,21.4559,21.5872,21.6703,21.3839,20.652,20.2261,19.7683,19.8863,19.9726,20.5002,20.4903,20.2457,20.2383,19.9277,19.6654,19.9516,19.9615,20.2246,20.5796,20.1685,20.7479,21.1649,20.9018,21.0065,20.8202,20.8128,21.2498,21.3491,21.4325],"consensus":[24.9986,87.3241,-100.0,-100.0,34.0746,66.9791,68.2414,54.8324,14.4957,87.6203,60.7426,55.4752,0.0,-57.8949,-63.0336,-77.7468,-34.2176,-29.3342,36.0221,15.8449,-19.9074,0.0,-48.1298,-56.7574,0.0,-20.754,28.9404,50.2198,-10.9987,58.9377,33.7623,26.5112,34.5027,0.0,0.0,57.1876,38.8222,36.8574],"supportDates":["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,70.03,70.3413,42.0644,6.7958,86.7889,55.8475,45.186,0.0,-46.3171,-47.3713,-71.0718,-31.0688,-22.3221,32.8933,12.6034,-32.0912,0.0,-49.3496,-60.3444,0.0,-17.7423,36.9465,59.9133,-20.0447,68.228,23.0096,30.6878,27.7221,0.0,0.0,54.6233,37.9629,29.0808],"force":[24.9986,87.3241,-100.0,-100.0,8.2454,51.4152,46.4512,40.5872,50.9005,96.191,40.0676,38.2265,0.0,-96.8417,-84.4046,-92.966,-1.6007,-3.3469,80.0368,21.1289,-22.0215,0.0,-47.6297,-51.676,0.0,-11.4262,39.297,46.564,-17.8203,59.9205,16.938,2.9847,20.9558,0.0,0.0,77.4743,27.9701,28.0747],"direction":[null,null,null,null,52.5241,74.6094,81.406,79.5995,70.0072,82.4484,81.1048,79.5547,0.0,-43.3076,-65.6683,-74.5046,-61.1141,-55.9105,8.1587,15.7752,-4.473,0.0,-47.093,-56.2876,0.0,-30.8586,12.393,41.7527,-4.212,47.6183,58.0682,42.8064,51.9282,0.0,0.0,45.6277,47.5557,52.0184],"intensity":[null,null,null,null,50.0,80.0,100.0,42.8571,37.5,100.0,80.0,27.2727,58.3333,92.3077,78.5714,66.6667,43.75,23.5294,88.8889,21.0526,55.0,14.2857,59.0909,60.8696,45.8333,24.0,46.1538,70.3704,71.4286,82.7586,80.0,67.7419,37.5,57.5758,29.4118,71.4286,52.7778,37.8378],"confirmation":[30.6662,50.6104,54.6667,54.6667,55.0564,88.9125,89.1412,85.3068,13.6217,96.3124,86.8821,85.3832,38.2423,87.8897,89.0607,93.4445,55.3369,54.0351,80.9161,73.2808,51.5825,24.7402,83.3677,85.9529,33.918,74.4029,77.4546,83.8112,49.8215,86.7485,78.455,53.4911,78.7313,4.7405,26.0464,86.9574,80.1055,87.6452],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,50.0,50.0,75.0,100.0,87.5,62.5,37.5,12.5,12.5,37.5,37.5,37.5,50.0,37.5,37.5,37.5,25.0,25.0,25.0,25.0,25.0,12.5,12.5,37.5,50.0,62.5,50.0,50.0,75.0,75.0],"assessmentRisk":[null,null,null,null,32.3618,16.4449,15.8689,22.5814,42.6535,6.1461,19.3094,22.0232,47.4893,20.0343,18.4134,11.1201,32.839,32.1731,11.1957,39.6828,46.1534,33.3697,23.2955,21.128,39.5014,24.1828,24.4888,24.7523,38.6701,19.9258,32.8276,25.719,32.31,10.5601,37.7092,12.2457,22.3235,30.3029],"volumeParticipation":true,"latest":{"consensus":36.9,"control":29.1,"force":28.1,"direction":52.0,"confirmation":87.6,"persistence":75.0,"assessmentRisk":30.3,"intensity":37.8,"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":"+36.9","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+29.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+28.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+52.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"88/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"63.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"14.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"77%","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 upward.","series":[{"label":"Close","values":[19.8372,19.8276,19.962,19.9644,19.9837,20.3603,20.8142,20.892,20.6829,21.4559,21.5872,21.6703,21.3839,20.652,20.2261,19.7683,19.8863,19.9726,20.5002,20.4903,20.2457,20.2383,19.9277,19.6654,19.9516,19.9615,20.2246,20.5796,20.1685,20.7479,21.1649,20.9018,21.0065,20.8202,20.8128,21.2498,21.3491,21.4325],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,19.897,19.9812,20.1327,20.2707,20.3457,20.5475,20.7366,20.9063,20.9932,20.9311,20.8029,20.6148,20.4824,20.3897,20.4098,20.4244,20.3919,20.364,20.2847,20.1721,20.132,20.101,20.1235,20.2064,20.1995,20.2992,20.4566,20.5376,20.6228,20.6587,20.6867,20.7891,20.8909,20.9894],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,20.4658,20.4796,20.4608,20.4095,20.3708,20.3413,20.353,20.3632,20.3545,20.3459,20.3149,20.2668,20.2435,20.2226,20.2227,20.2492,20.2432,20.2806,20.3461,20.3873,20.4331,20.4618,20.4878,20.5442,20.6039,20.6652],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,21.4372,21.714,21.93,22.0068,21.9576,21.9025,21.8752,21.8359,21.7933,21.7589,21.7266,21.7158,21.7021,21.7038,21.7248,21.7261,21.7289,21.6961,21.6664,21.6419,21.523,21.425,21.2402,21.1456,21.1708,21.225,21.3389,21.4605,21.583],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,19.3189,19.2619,19.243,19.2888,19.3386,19.3374,19.2583,19.2176,19.1986,19.2334,19.2651,19.3167,19.3716,19.3664,19.3155,19.311,19.2683,19.2422,19.2406,19.2137,19.2618,19.3176,19.4256,19.4824,19.474,19.4785,19.5127,19.5374,19.5609],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"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,380.2693,314.3602,75.578,57.1269,293.028,698.4755,65.0155,112.3458,114.1052,40.8135,11.173,216.2895,303.5132,12.8202,19.465,21.625,25.4692,157.1729,79.191,4.0322,2.6262,0.0,15.5057,5.8436,16.3389,25.1543,12.4381,7.4559,112.9174,56.776,273.9344],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,106.8181,113.4146,118.1956,135.0,65.0,65.0,65.0,65.0,66.825,67.2998,77.1261,65.0,65.0,65.0,65.0,65.0,72.2293,75.9883,76.1765,76.2929,76.2929,76.9341,77.1738,76.5449,77.1818,76.8802,76.7147,79.1097,80.3051,86.9257],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,85.4258,72.5161,98.4031,93.1378,91.7885,76.1447,46.4248,29.1297,10.5424,15.3318,18.8358,40.2602,39.8597,29.9264,29.6262,17.0136,6.3631,17.9826,18.3858,29.0712,40.4104,22.8086,47.6156,65.4722,54.2055,58.687,50.7127,50.3938,69.1033,73.3554,76.928],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.117,-2.1064,-0.1471,-0.7044,-0.8845,-2.6738,-6.0049,-7.9434,-10.0267,-9.4899,-9.0972,-6.6959,-6.7407,-7.8541,-7.8878,-9.3014,-10.4952,-9.1928,-9.1476,-7.95,-6.3343,-8.2053,-5.5684,-3.6702,-4.8679,-4.3915,-5.2391,-5.273,-3.2843,-2.8323,-2.4525],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,7.0905,6.019,9.9812,10.654,11.0799,9.6119,5.8603,3.6771,1.3308,1.9354,2.3777,5.0821,5.0316,3.7777,3.7398,2.1477,0.8032,2.27,2.3209,3.6697,4.8065,2.7129,5.6635,7.7873,6.4473,6.9803,6.0318,5.9939,8.2192,8.725,9.1499],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"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,0.4225,0.3723,0.2948,0.1942,0.1226,0.072,0.0736,0.0732,0.0526,0.0352,-0.0036,-0.0548,-0.0715,-0.083,-0.0701,-0.0308,-0.0325,0.0127,0.0813,0.1132,0.1451,0.1537,0.158,0.1945,0.2288,0.2597],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.3045,0.258,0.2211,0.1915,0.1638,0.138,0.1097,0.0768,0.0471,0.0211,0.0029,-0.0039,-0.0096,-0.0051,0.0122,0.0324,0.0549,0.0747,0.0913,0.112,0.1353,0.1602],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.1819,-0.186,-0.1475,-0.1183,-0.1112,-0.1028,-0.1133,-0.1316,-0.1187,-0.1041,-0.073,-0.027,-0.0229,0.0179,0.0692,0.0808,0.0902,0.079,0.0667,0.0825,0.0934,0.0995],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.9468,2.1605,2.2808,2.2759,2.1677,2.2333,2.3344,2.3355,2.306,2.3249,2.3227,2.2682,2.2337,2.1401,2.0762,2.1128,2.1066,2.1052,2.122,2.049,2.1931,2.2587,2.237,2.1357,2.1591],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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KNGU Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/3ef3e606-9bed-41dc-bb28-fb2623ec611c/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."}