{"schema_version":"1.0","name":"FRVO Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"4a712653-8563-4589-8a33-591feac2ff95","symbol":"FRVO","name":"Fervo Energy Company Class A common stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Utilities","industry":"Utilities - Renewable"},"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, Drawdown and recovery pressure, Range pressure and compression, 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":"2026-08-14","observations":14,"displayedObservations":14,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","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":["2026-05-15","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[36.0,41.27,39.34,36.5,38.59,35.84,38.14,32.75,27.55,27.16,25.44,24.09,22.26,25.85],"highs":[42.65,42.57,39.68,41.35,38.59,37.4299,41.42,33.1199,28.61,27.87,28.93,24.25,25.93,26.6999],"lows":[35.5,36.2321,35.82,34.27,32.392,33.585,30.01,27.255,23.1,22.5,23.9,16.89,21.26,19.54],"closes":[41.06,38.35,36.66,37.22,35.19,35.09,32.48,27.79,27.13,24.65,24.015,22.54,25.85,19.76],"hoverRows":[[{"label":"Open","value":"36.0","className":"is-ohlc","compact":true},{"label":"High","value":"42.6","className":"is-ohlc","compact":true},{"label":"Low","value":"35.5","className":"is-ohlc","compact":true},{"label":"Close","value":"41.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"41.3","className":"is-ohlc","compact":true},{"label":"High","value":"42.6","className":"is-ohlc","compact":true},{"label":"Low","value":"36.2","className":"is-ohlc","compact":true},{"label":"Close","value":"38.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"39.3","className":"is-ohlc","compact":true},{"label":"High","value":"39.7","className":"is-ohlc","compact":true},{"label":"Low","value":"35.8","className":"is-ohlc","compact":true},{"label":"Close","value":"36.7","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}],[{"label":"Open","value":"36.5","className":"is-ohlc","compact":true},{"label":"High","value":"41.4","className":"is-ohlc","compact":true},{"label":"Low","value":"34.3","className":"is-ohlc","compact":true},{"label":"Close","value":"37.2","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}],[{"label":"Open","value":"38.6","className":"is-ohlc","compact":true},{"label":"High","value":"38.6","className":"is-ohlc","compact":true},{"label":"Low","value":"32.4","className":"is-ohlc","compact":true},{"label":"Close","value":"35.2","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}],[{"label":"Open","value":"35.8","className":"is-ohlc","compact":true},{"label":"High","value":"37.4","className":"is-ohlc","compact":true},{"label":"Low","value":"33.6","className":"is-ohlc","compact":true},{"label":"Close","value":"35.1","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}],[{"label":"Open","value":"38.1","className":"is-ohlc","compact":true},{"label":"High","value":"41.4","className":"is-ohlc","compact":true},{"label":"Low","value":"30.0","className":"is-ohlc","compact":true},{"label":"Close","value":"32.5","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}],[{"label":"Open","value":"32.8","className":"is-ohlc","compact":true},{"label":"High","value":"33.1","className":"is-ohlc","compact":true},{"label":"Low","value":"27.3","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","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}],[{"label":"Open","value":"27.6","className":"is-ohlc","compact":true},{"label":"High","value":"28.6","className":"is-ohlc","compact":true},{"label":"Low","value":"23.1","className":"is-ohlc","compact":true},{"label":"Close","value":"27.1","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}],[{"label":"Open","value":"27.2","className":"is-ohlc","compact":true},{"label":"High","value":"27.9","className":"is-ohlc","compact":true},{"label":"Low","value":"22.5","className":"is-ohlc","compact":true},{"label":"Close","value":"24.6","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}],[{"label":"Open","value":"25.4","className":"is-ohlc","compact":true},{"label":"High","value":"28.9","className":"is-ohlc","compact":true},{"label":"Low","value":"23.9","className":"is-ohlc","compact":true},{"label":"Close","value":"24.0","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}],[{"label":"Open","value":"24.1","className":"is-ohlc","compact":true},{"label":"High","value":"24.2","className":"is-ohlc","compact":true},{"label":"Low","value":"16.9","className":"is-ohlc","compact":true},{"label":"Close","value":"22.5","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}],[{"label":"Open","value":"22.3","className":"is-ohlc","compact":true},{"label":"High","value":"25.9","className":"is-ohlc","compact":true},{"label":"Low","value":"21.3","className":"is-ohlc","compact":true},{"label":"Close","value":"25.9","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}],[{"label":"Open","value":"25.9","className":"is-ohlc","compact":true},{"label":"High","value":"26.7","className":"is-ohlc","compact":true},{"label":"Low","value":"19.5","className":"is-ohlc","compact":true},{"label":"Close","value":"19.8","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":[18.482,42.338],"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":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","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":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-15","price":41.06}],"reversal_dangers":[{"date":"2026-05-22","price":38.35}]}},"smTape":{"available":true,"dates":["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":[41.06,38.35,36.66,37.22,35.19,35.09,32.48,27.79,27.13,24.65,24.015,22.54,25.85,19.76],"consensus":[55.5245,-33.1671,-56.4767,-9.6667,-42.9624,-21.9414,-36.4699,-64.5014,-32.3901,-49.3107,-48.3738,-34.9165,0.0,-67.4],"supportDates":["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,-19.4575,-34.6527,-60.5247,-20.4136,-43.6916,-47.9809,-24.5003,0.0,-66.0391],"force":[55.5245,-33.1671,-56.4767,-9.6667,-21.1696,-9.1887,-29.4383,-71.8513,-11.3111,-34.5509,-27.9721,-19.0021,0.0,-80.9848],"direction":[null,null,null,null,-58.5286,-33.8891,-43.5694,-63.7961,-61.1338,-66.2751,-63.3954,-58.188,0.0,-59.2519],"intensity":[null,null,null,null,75.0,20.0,100.0,100.0,87.5,33.3333,20.0,90.9091,75.0,84.6154],"confirmation":[40.4345,33.2802,40.7392,25.76,58.0851,74.6704,79.4838,88.925,77.9049,83.4152,82.8638,78.847,31.6639,55.0],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,100.0,100.0,100.0,100.0,87.5,87.5],"assessmentRisk":[null,null,null,null,28.5118,38.5413,31.6488,17.7485,33.8016,25.3446,25.8122,32.4877,31.2976,15.0236],"volumeParticipation":true,"latest":{"consensus":-67.4,"control":-66.0,"force":-81.0,"direction":-59.3,"confirmation":55.0,"persistence":87.5,"assessmentRisk":15.0,"intensity":84.6,"evidenceDepth":54},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-67.4","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-66.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-81.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-59.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"-","detail":"Developing","tone":"neutral"},{"label":"Risk pressure","value":"33.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"11%","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 downward.","series":[{"label":"Close","values":[41.06,38.35,36.66,37.22,35.19,35.09,32.48,27.79,27.13,24.65,24.015,22.54,25.85,19.76],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,38.6161,37.975,36.9759,35.3057,33.8192,32.1521,30.6726,29.194,28.586,26.9813],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,33.9154,32.8669],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,43.8068,43.8988,43.9552,43.4501,43.6327],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,23.3172,21.4894,19.7406,19.323,17.4795],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,-6.6001,-4.4068,1.5276,-5.4541,-0.2842,-7.438,-14.4397,-2.375,-9.1412,-2.5761,-6.142,14.685,-23.559],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-6.6001,-10.716,-9.3522,-14.2962,-14.5397,-20.8962,-32.3186,-33.926,-39.9659,-41.5124,-45.1047,-37.0434,-51.8753],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[17.4135,16.5265,10.5292,19.022,17.613,10.9573,35.1293,21.1044,20.3096,21.785,20.9452,32.6531,18.0658,36.2343],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[14.0556,-7.0754,-6.8124,1.9726,-8.8106,-2.0926,-14.8401,-15.145,-1.5245,-9.2415,-5.6014,-6.4342,16.1276,-23.559],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-6.6001,-10.716,-9.3522,-14.2962,-14.5397,-20.8962,-32.3186,-33.926,-39.9659,-41.5124,-45.1047,-37.0434,-51.8753],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,0.0,0.0,0.0,14.685,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,33.0424],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,61.05,68.5426,76.0322,76.8709,85.5908],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"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 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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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/4a712653-8563-4589-8a33-591feac2ff95/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/4a712653-8563-4589-8a33-591feac2ff95/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/4a712653-8563-4589-8a33-591feac2ff95/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/4a712653-8563-4589-8a33-591feac2ff95/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/4a712653-8563-4589-8a33-591feac2ff95/technical-pack/data.json"},"source_fingerprint":"0ad26ec47668788eb8787d1bcf52a8e6c3c3941422f843a529adddf50550ba67","content_hash":"f12acf46ebb7da9472ed8473b62c6b2b66c8176ec473884a16c095eefe1926bb","citation":"Sharemaestro, FRVO Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/4a712653-8563-4589-8a33-591feac2ff95/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."}