{"schema_version":"1.0","name":"548A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"42ab98ad-ef89-4099-889a-448489ecc664","symbol":"548A","name":"SYSTEMEXE INC","exchange":"JPX","country":"JP","asset_type":"equity","currency":"JPY","sector":"Technology","industry":"Information Technology Services"},"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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, 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":"2026-08-21","observations":20,"displayedObservations":20,"assetType":"Equity","state":"Rotational","stateTone":"caution","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":["2026-04-10","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"],"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],"opens":[1061.0,951.0,974.0,999.0,973.0,960.0,943.0,928.0,885.0,900.0,930.0,905.0,948.0,980.0,981.0,977.0,970.0,979.0,993.0,950.0],"highs":[1195.0,1037.0,1052.0,1002.0,973.0,973.0,945.0,952.0,923.0,900.0,939.0,917.0,965.0,1000.0,983.0,998.0,999.0,994.0,1015.0,950.0],"lows":[951.0,917.0,938.0,953.0,935.0,919.0,895.0,905.0,885.0,885.0,908.0,900.0,944.0,972.0,956.0,963.0,960.0,950.0,890.0,924.0],"closes":[966.0,978.0,989.0,964.0,958.0,920.0,926.0,925.0,919.0,891.0,923.0,917.0,957.0,999.0,973.0,980.0,988.0,988.0,942.0,941.0],"hoverRows":[[{"label":"Open","value":"1,061","className":"is-ohlc","compact":true},{"label":"High","value":"1,195","className":"is-ohlc","compact":true},{"label":"Low","value":"951.0","className":"is-ohlc","compact":true},{"label":"Close","value":"966.0","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}],[{"label":"Open","value":"950.0","className":"is-ohlc","compact":true},{"label":"High","value":"950.0","className":"is-ohlc","compact":true},{"label":"Low","value":"924.0","className":"is-ohlc","compact":true},{"label":"Close","value":"941.0","className":"is-ohlc","compact":true},{"label":"Market 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":[884.52,1005.48],"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":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":966.0},{"date":"2026-07-03","price":957.0}],"reversal_dangers":[{"date":"2026-04-17","price":978.0},{"date":"2026-07-10","price":999.0}]}},"smTape":{"available":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","2026-08-21"],"close":[966.0,978.0,989.0,964.0,958.0,920.0,926.0,925.0,919.0,891.0,923.0,917.0,957.0,999.0,973.0,980.0,988.0,988.0,942.0,941.0],"consensus":[-87.7049,0.0,-10.5263,-31.9592,0.0,-23.8554,0.0,-8.883,0.0,-16.7622,0.0,0.0,15.7612,36.5896,8.8283,13.7277,17.1168,12.917,-25.6584,0.0],"supportDates":["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,-30.8396,0.0,-7.9556,0.0,-18.6886,0.0,0.0,16.911,39.6769,5.4515,8.3483,19.3579,20.0806,-20.2579,0.0],"force":[-87.7049,0.0,-10.5263,-31.9592,0.0,-21.4616,0.0,-4.5436,0.0,-10.6218,0.0,0.0,15.7614,30.7698,0.6623,8.1042,14.475,8.5394,-55.3324,0.0],"direction":[null,null,null,null,0.0,-17.5834,0.0,-13.0424,0.0,-18.9467,0.0,0.0,14.447,37.2182,19.4666,23.8924,16.4424,7.8568,-10.6348,0.0],"intensity":[null,null,null,null,50.0,60.0,33.3333,14.2857,62.5,44.4444,80.0,27.2727,83.3333,76.9231,28.5714,13.3333,6.25,17.6471,94.4444,94.7368],"confirmation":[50.7322,0.5333,26.0351,32.8936,0.7895,75.4544,24.7051,25.3911,26.2416,73.1474,1.148,48.9975,73.0261,79.4843,25.3952,72.3035,73.3627,49.2242,77.1973,24.3381],"persistence":[null,null,66.6667,75.0,60.0,66.6667,57.1429,62.5,50.0,62.5,50.0,37.5,25.0,0.0,12.5,37.5,50.0,75.0,62.5,62.5],"assessmentRisk":[null,null,null,null,23.0124,37.7932,46.5607,44.3849,49.8999,38.4239,7.3142,23.0342,38.9922,31.6923,43.7628,42.4969,34.3998,27.9489,29.4177,43.1011],"volumeParticipation":true,"latest":{"consensus":0.0,"control":0.0,"force":0.0,"direction":0.0,"confirmation":24.3,"persistence":62.5,"assessmentRisk":43.1,"intensity":94.7,"evidenceDepth":77},"analysis":{"status":"No directional advantage","headline":"The gauges do not support either side","summary":"Control, force and direction are too balanced to support an upward or downward assessment.","take":"Current assessment: wait for a clearer directional advantage.","tone":"neutral","supportedView":"Neither side","direction":"balanced","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+0.0","detail":"No directional advantage","tone":"neutral"},{"label":"SM Control Gauge","value":"+0.0","detail":"Control support is limited","tone":"neutral"},{"label":"SM Force Gauge","value":"+0.0","detail":"Commitment is limited","tone":"neutral"},{"label":"SM 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rotating through its trend references.","series":[{"label":"Close","values":[966.0,978.0,989.0,964.0,958.0,920.0,926.0,925.0,919.0,891.0,923.0,917.0,957.0,999.0,973.0,980.0,988.0,988.0,942.0,941.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,968.2423,959.471,953.3854,948.2244,942.9109,933.4725,931.5684,928.9196,934.0251,945.8388,950.7772,956.0904,961.8922,966.639,962.1592,958.3121],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,947.1264,950.9689,952.6008,954.6304,957.1022,959.3909,958.1027,956.8359],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,1003.4478,1000.0062,997.1142,996.9615,1006.791,1008.1577,1010.3955,1013.6121,1016.18,1014.1172,1012.1953],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}