{"schema_version":"1.0","name":"FGSM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"40bc9660-c842-4bed-bc04-e14a79e59b38","symbol":"FGSM","name":"Fidelity Global Small-Mid Cap Equity Fund ETF Series","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","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, Directional strength and control, Range position and boundary pressure, Range pressure and compression, Acceleration, deceleration and rollover."},{"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":44,"displayedObservations":44,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Support weakening","headline":"Positive Market Dynamics has weakened while price remains rotational","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","take":"Treat the weaker support as caution until price and Market Dynamics establish clearer agreement.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.433814,0.741194,0.879212,1.078625,1.139492,1.174983,1.307434,1.352153,1.372388,1.370566,1.147346,0.875989,0.568275,0.271507,0.201116,0.103282],"opens":[10.47,10.76,10.66,10.77,11.13,11.09,11.41,11.36,11.35,11.28,10.99,11.01,11.1,10.97,11.34,11.36],"highs":[10.83,10.82,10.72,11.0,11.13,11.09,11.41,11.36,11.35,11.28,11.01,11.12,11.1,11.33,11.36,11.38],"lows":[10.47,10.69,10.5,10.77,11.13,11.09,11.41,11.36,11.35,11.28,10.99,10.94,10.79,10.97,11.25,10.99],"closes":[10.71,10.69,10.72,11.0,11.13,11.09,11.41,11.36,11.35,11.28,11.01,11.02,10.94,11.24,11.345,10.99],"hoverRows":[[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.7","className":"is-ohlc","compact":true},{"label":"Market 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but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.0","className":"is-ohlc","compact":true},{"label":"High","value":"11.3","className":"is-ohlc","compact":true},{"label":"Low","value":"11.0","className":"is-ohlc","compact":true},{"label":"Close","value":"11.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.27","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.3","className":"is-ohlc","compact":true},{"label":"High","value":"11.4","className":"is-ohlc","compact":true},{"label":"Low","value":"11.2","className":"is-ohlc","compact":true},{"label":"Close","value":"11.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.4","className":"is-ohlc","compact":true},{"label":"High","value":"11.4","className":"is-ohlc","compact":true},{"label":"Low","value":"11.0","className":"is-ohlc","compact":true},{"label":"Close","value":"11.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.10","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[10.6468,11.4532],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.103282,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Positive support is weakening","detail":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"22 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-22","price":10.72}],"reversal_warnings":[{"date":"2026-05-29","price":11.0}],"reversal_dangers":[{"date":"2026-06-19","price":11.41}]}},"smTape":{"available":true,"dates":["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":[10.4,10.25,10.07,9.93,9.72,10.11,10.15,10.14,10.03,10.11,10.03,10.33,10.53,10.41,10.17,10.01,10.37,10.45,10.62,10.07,9.85,9.69,9.83,10.09,10.37,10.47,10.45,10.48,10.71,10.69,10.72,11.0,11.13,11.09,11.41,11.36,11.35,11.28,11.01,11.02,10.94,11.24,11.345,10.99],"consensus":[100.0,-90.4762,-100.0,-58.0,-80.11,10.8877,-10.4135,16.1086,0.0,0.0,-37.8516,54.2577,62.1506,10.6258,-28.3506,-56.0804,42.9489,41.0942,68.073,0.0,-28.4174,-34.5805,-11.0683,22.1124,29.2256,26.9642,0.0,24.6584,32.5138,0.0,28.4273,50.26,31.6165,24.5709,42.8265,27.287,25.9945,19.6814,0.0,0.0,-21.4533,31.5406,42.1253,35.6361],"supportDates":["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,33.1914,-18.5232,14.7018,0.0,0.0,-43.9982,45.467,57.4706,7.979,-44.4538,-50.8225,57.1629,52.6739,68.1414,0.0,-32.9853,-38.6351,-4.1432,25.1068,34.4988,25.996,0.0,29.4913,33.7981,0.0,34.5846,56.1466,30.6592,21.1013,41.9029,24.3713,24.8003,17.3084,0.0,0.0,-13.0454,43.0845,41.9875,40.3383],"force":[100.0,-90.4762,-100.0,-58.0,-52.8894,38.9618,-16.1348,23.4147,0.0,0.0,-32.705,75.8249,59.1073,44.9264,-46.1784,-64.4944,68.697,37.3548,84.3738,0.0,-27.8724,-32.3456,-0.3236,49.3091,31.4153,25.3306,0.0,18.8827,32.9219,0.0,19.1435,50.4224,14.2514,4.5331,27.0365,2.6346,4.3047,0.6754,0.0,0.0,-37.2469,33.8028,47.1832,65.7956],"direction":[null,null,null,null,-99.5533,34.6554,-2.9415,12.4978,0.0,0.0,-34.5032,48.899,69.673,53.3308,-2.7873,-56.0796,8.3129,30.5313,56.3513,0.0,-23.5862,-31.5429,-26.6576,0.736,21.6351,29.2375,0.0,23.2608,30.7547,0.0,28.0219,43.4166,45.1143,42.849,55.1605,48.228,42.8521,36.934,0.0,0.0,-19.7811,16.7317,38.6698,8.7196],"intensity":[null,null,null,null,100.0,100.0,100.0,85.7143,12.5,11.1111,10.0,72.7273,58.3333,46.1538,64.2857,46.6667,81.25,11.7647,50.0,100.0,95.0,47.619,27.2727,69.5652,83.3333,68.0,46.1538,51.8519,75.0,51.7241,43.3333,70.9677,81.25,3.0303,73.5294,5.7143,2.7778,10.8108,71.0526,20.5128,32.5,73.1707,69.0476,81.3953],"confirmation":[54.6667,51.619,54.6667,41.2267,69.7242,34.0596,49.3439,73.3989,1.1392,25.1295,79.862,86.1537,87.8668,11.3319,55.2981,86.2823,82.3118,80.8597,90.2791,47.9302,77.0073,78.9359,25.9866,53.3495,77.3386,76.5935,27.6598,75.641,78.3973,4.8726,76.72,83.9985,77.6027,52.6382,81.2373,53.3583,53.0088,51.1912,27.9993,24.6831,75.4745,77.986,81.6363,80.251],"persistence":[null,null,33.3333,50.0,60.0,33.3333,42.8571,25.0,37.5,25.0,25.0,0.0,25.0,25.0,25.0,0.0,12.5,25.0,50.0,37.5,12.5,12.5,12.5,12.5,12.5,12.5,0.0,12.5,37.5,50.0,75.0,75.0,75.0,75.0,87.5,87.5,87.5,100.0,87.5,75.0,50.0,50.0,50.0,25.0],"assessmentRisk":[null,null,null,null,9.945,33.0453,23.4689,31.6784,48.3532,0.822,11.6881,11.2243,18.432,40.9727,45.3714,18.6252,53.7454,10.5009,15.3792,16.4152,34.4475,32.5139,44.3022,7.1669,33.7253,36.3219,48.1117,34.0339,28.3403,36.3052,27.8516,23.8391,33.7444,37.4536,28.5852,35.8957,33.6276,35.416,46.2418,46.5667,38.721,27.6279,27.2313,10.2851],"volumeParticipation":true,"latest":{"consensus":35.6,"control":40.3,"force":65.8,"direction":8.7,"confirmation":80.3,"persistence":25.0,"assessmentRisk":10.3,"intensity":81.4,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+35.6","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+40.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+65.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+8.7","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"80/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"51.6","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.2%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"49.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"96%","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 is rotating through its trend references.","series":[{"label":"Close","values":[10.4,10.25,10.07,9.93,9.72,10.11,10.15,10.14,10.03,10.11,10.03,10.33,10.53,10.41,10.17,10.01,10.37,10.45,10.62,10.07,9.85,9.69,9.83,10.09,10.37,10.47,10.45,10.48,10.71,10.69,10.72,11.0,11.13,11.09,11.41,11.36,11.35,11.28,11.01,11.02,10.94,11.24,11.345,10.99],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10.1513,10.1438,10.1449,10.144,10.1233,10.1209,10.1044,10.1454,10.2153,10.2507,10.236,10.1949,10.2268,10.2674,10.3315,10.2839,10.205,10.1114,10.0602,10.0656,10.121,10.1844,10.2327,10.2777,10.3563,10.417,10.4721,10.568,10.6702,10.7465,10.8672,10.9568,11.0283,11.074,11.0624,11.0547,11.0338,11.0713,11.1211,11.0972],"stroke":"#176fa3","width":1.7},{"label":"Slow 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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,32.3077,23.8462,30.0,23.8462,46.9231,62.3077,53.0769,34.6154,22.3077,50.0,56.1538,69.2308,91.3785,89.382,87.9299,89.2005,91.56,94.1011,95.0086,94.8271,95.0994,97.1867,97.0052,97.2774,99.8185,100.0,99.6406,100.0,99.5617,99.4741,98.8605,96.494,96.5816,95.8804,98.5099,99.4303,96.3187],"stroke":"#10243b","width":2.0},{"label":"From 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FGSM Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/40bc9660-c842-4bed-bc04-e14a79e59b38/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."}