{"schema_version":"1.0","name":"BDVL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5238e958-38ab-46e6-9ea0-09d2592f5da8","symbol":"BDVL","name":"iShares Disciplined Volatility Equity Active ETF","exchange":"NASDAQ","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, Range position and boundary pressure, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance, 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":49,"displayedObservations":49,"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":["2026-04-03","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"],"values":[-0.146238,-0.168494,-0.078932,-0.009167,0.068328,0.148166,0.121719,0.23681,0.288882,0.2456,0.335727,0.34199,0.365841,0.580597,0.646587,0.520812,0.381898,0.300076,0.32793,0.471908,0.715786],"opens":[24.103641,24.678717,25.164558,25.719804,25.481841,25.541332,25.838786,25.640483,25.997427,25.76938,25.571077,26.21,26.09,25.9,26.23,26.04,25.94,26.07,26.35,26.85,26.99],"highs":[24.777868,25.442181,25.893319,25.779295,25.739634,26.037187,25.918106,26.037088,26.086663,25.888361,25.987512,26.21,26.12,26.18,26.25,26.17,26.05,26.29,26.93,27.0,27.02],"lows":[23.875593,24.554778,25.164558,25.323299,25.3232,25.471926,25.580993,25.576035,25.813998,25.422351,25.181413,25.7501,25.6,25.7501,25.9142,25.73,25.6901,25.9635,26.24,26.8101,26.51],"closes":[24.718378,25.254389,25.82887,25.521502,25.58248,25.848701,25.600823,25.952908,25.878446,25.459433,25.932979,25.98,25.72,26.0671,26.22,25.86,25.89,26.2397,26.9,26.945,26.64],"hoverRows":[[{"label":"Open","value":"24.1","className":"is-ohlc","compact":true},{"label":"High","value":"24.8","className":"is-ohlc","compact":true},{"label":"Low","value":"23.9","className":"is-ohlc","compact":true},{"label":"Close","value":"24.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.15","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"24.7","className":"is-ohlc","compact":true},{"label":"High","value":"25.4","className":"is-ohlc","compact":true},{"label":"Low","value":"24.6","className":"is-ohlc","compact":true},{"label":"Close","value":"25.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.17","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"25.2","className":"is-ohlc","compact":true},{"label":"High","value":"25.9","className":"is-ohlc","compact":true},{"label":"Low","value":"25.2","className":"is-ohlc","compact":true},{"label":"Close","value":"25.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.08","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.7","className":"is-ohlc","compact":true},{"label":"High","value":"25.8","className":"is-ohlc","compact":true},{"label":"Low","value":"25.3","className":"is-ohlc","compact":true},{"label":"Close","value":"25.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.01","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.5","className":"is-ohlc","compact":true},{"label":"High","value":"25.7","className":"is-ohlc","compact":true},{"label":"Low","value":"25.3","className":"is-ohlc","compact":true},{"label":"Close","value":"25.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.07","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.5","className":"is-ohlc","compact":true},{"label":"High","value":"26.0","className":"is-ohlc","compact":true},{"label":"Low","value":"25.5","className":"is-ohlc","compact":true},{"label":"Close","value":"25.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.8","className":"is-ohlc","compact":true},{"label":"High","value":"25.9","className":"is-ohlc","compact":true},{"label":"Low","value":"25.6","className":"is-ohlc","compact":true},{"label":"Close","value":"25.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.12","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.6","className":"is-ohlc","compact":true},{"label":"High","value":"26.0","className":"is-ohlc","compact":true},{"label":"Low","value":"25.6","className":"is-ohlc","compact":true},{"label":"Close","value":"26.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.24","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.0","className":"is-ohlc","compact":true},{"label":"High","value":"26.1","className":"is-ohlc","compact":true},{"label":"Low","value":"25.8","className":"is-ohlc","compact":true},{"label":"Close","value":"25.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.29","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.8","className":"is-ohlc","compact":true},{"label":"High","value":"25.9","className":"is-ohlc","compact":true},{"label":"Low","value":"25.4","className":"is-ohlc","compact":true},{"label":"Close","value":"25.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.25","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.6","className":"is-ohlc","compact":true},{"label":"High","value":"26.0","className":"is-ohlc","compact":true},{"label":"Low","value":"25.2","className":"is-ohlc","compact":true},{"label":"Close","value":"25.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.2","className":"is-ohlc","compact":true},{"label":"High","value":"26.2","className":"is-ohlc","compact":true},{"label":"Low","value":"25.8","className":"is-ohlc","compact":true},{"label":"Close","value":"26.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.1","className":"is-ohlc","compact":true},{"label":"High","value":"26.1","className":"is-ohlc","compact":true},{"label":"Low","value":"25.6","className":"is-ohlc","compact":true},{"label":"Close","value":"25.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.37","note":"Supportive and strengthening","className":"is-positive","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":"26.2","className":"is-ohlc","compact":true},{"label":"Low","value":"25.8","className":"is-ohlc","compact":true},{"label":"Close","value":"26.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.58","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.2","className":"is-ohlc","compact":true},{"label":"High","value":"26.2","className":"is-ohlc","compact":true},{"label":"Low","value":"25.9","className":"is-ohlc","compact":true},{"label":"Close","value":"26.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.65","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.0","className":"is-ohlc","compact":true},{"label":"High","value":"26.2","className":"is-ohlc","compact":true},{"label":"Low","value":"25.7","className":"is-ohlc","compact":true},{"label":"Close","value":"25.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.52","note":"Supportive but easing","className":"is-positive","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":"26.1","className":"is-ohlc","compact":true},{"label":"Low","value":"25.7","className":"is-ohlc","compact":true},{"label":"Close","value":"25.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.38","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.1","className":"is-ohlc","compact":true},{"label":"High","value":"26.3","className":"is-ohlc","compact":true},{"label":"Low","value":"26.0","className":"is-ohlc","compact":true},{"label":"Close","value":"26.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.30","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.4","className":"is-ohlc","compact":true},{"label":"High","value":"26.9","className":"is-ohlc","compact":true},{"label":"Low","value":"26.2","className":"is-ohlc","compact":true},{"label":"Close","value":"26.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.33","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.9","className":"is-ohlc","compact":true},{"label":"High","value":"27.0","className":"is-ohlc","compact":true},{"label":"Low","value":"26.8","className":"is-ohlc","compact":true},{"label":"Close","value":"26.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.47","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.0","className":"is-ohlc","compact":true},{"label":"High","value":"27.0","className":"is-ohlc","compact":true},{"label":"Low","value":"26.5","className":"is-ohlc","compact":true},{"label":"Close","value":"26.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.72","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[24.584781,27.078597],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.715786,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Sustained positive support","detail":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","annotations":[{"label":"Current tape relationship","value":"Sustained positive support","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-03","price":24.718378}],"reversal_dangers":[{"date":"2026-04-10","price":25.254389}]}},"smTape":{"available":true,"dates":["2025-09-19","2025-09-26","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":[24.1066,23.9379,24.0922,23.6775,24.1163,24.2023,24.1535,24.041,24.3177,23.8803,24.4762,24.5222,24.4683,24.5216,24.7545,24.5697,24.8423,24.758,24.9087,25.0194,25.1853,25.3149,25.5116,25.8487,25.0419,24.5845,24.1036,23.8558,24.7184,25.2544,25.8289,25.5215,25.5825,25.8487,25.6008,25.9529,25.8784,25.4594,25.933,25.98,25.72,26.0671,26.22,25.86,25.89,26.2397,26.9,26.945,26.64],"consensus":[0.0,-12.727,0.0,-53.8572,15.1581,13.1734,0.0,0.0,23.0977,-36.8344,48.2805,31.1896,13.5305,27.2236,42.8963,0.0,41.5339,8.0507,39.2337,29.3629,47.5203,40.0827,61.7928,66.5547,-34.7715,-48.0034,-62.2518,-58.1464,25.757,47.2493,67.3016,12.4238,31.7719,44.1465,-10.9928,52.2873,12.797,-27.9875,44.538,15.875,-15.5263,40.5655,36.7684,-17.9843,9.3421,40.9957,69.5839,43.5357,2.7757],"supportDates":["2025-09-19","2025-09-26","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,10.5971,0.0,0.0,20.4558,-32.3631,50.632,28.4389,10.5542,20.1365,45.9325,0.0,44.9714,2.6599,43.1459,24.1142,53.8906,38.0283,62.5945,70.1672,-34.5411,-43.4915,-55.7851,-58.9374,36.858,45.374,66.0241,4.7599,28.808,44.3389,-11.859,52.381,6.2204,-29.0662,45.2719,15.6604,-16.8192,41.5669,41.9332,-16.626,7.7709,48.1182,73.0231,44.5469,5.9093],"force":[0.0,-12.727,0.0,-53.8572,25.9703,7.5108,0.0,0.0,26.0006,-57.629,60.6092,20.6043,4.2685,21.2465,40.7477,0.0,42.8312,11.0172,46.0059,21.3849,43.444,29.4182,70.7625,68.8054,-82.3559,-67.6632,-83.7753,-56.1084,62.9176,65.3828,88.9601,21.1848,19.9826,40.4429,-44.0895,63.9693,10.0993,-52.5983,57.0035,4.0199,-39.2479,40.8089,28.5889,-48.8649,6.0378,45.4474,84.5204,21.9291,44.1158],"direction":[null,null,null,null,7.4351,20.1624,0.0,0.0,24.0435,-27.0913,36.7867,41.8942,23.5477,39.5925,40.9612,0.0,36.6785,27.8314,29.9253,41.06,43.1516,50.048,54.4696,60.8185,-1.0458,-39.1173,-54.2685,-58.698,13.473,36.4401,53.2913,45.1886,43.58,46.5721,-13.6375,43.8361,36.6676,-9.1754,34.7953,24.5883,-2.8954,39.2471,36.7083,-2.5209,13.4981,29.6758,54.9845,57.8133,46.1952],"intensity":[null,null,null,null,100.0,60.0,16.6667,28.5714,75.0,88.8889,100.0,54.5455,100.0,100.0,35.7143,20.0,43.75,5.8824,33.3333,73.6842,15.0,47.619,27.2727,60.8696,100.0,84.0,84.6154,81.4815,100.0,93.1034,83.3333,45.1613,3.125,42.4242,35.2941,57.1429,33.3333,67.5676,76.3158,82.0513,35.0,51.2195,9.5238,58.1395,6.8182,55.5556,91.3043,82.9787,43.75],"confirmation":[1.7535,26.7393,1.9277,39.901,28.0115,49.4155,24.0172,25.601,75.52,80.4889,83.7896,77.7,49.4262,76.6374,81.6151,3.8724,81.278,4.4276,80.7016,77.233,82.9852,80.5327,88.0348,89.3111,57.9139,84.029,88.6751,86.5327,34.7465,83.701,90.2161,7.5876,77.8529,82.0111,30.0892,85.0865,5.652,77.6896,82.6209,50.0553,51.6227,80.9731,79.4379,52.5879,25.5794,81.1458,90.6697,81.2575,18.2635],"persistence":[null,null,33.3333,50.0,20.0,0.0,0.0,0.0,12.5,12.5,25.0,50.0,50.0,50.0,62.5,62.5,62.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,75.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,50.0,50.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,50.0,25.0,25.0,50.0,50.0,50.0,62.5],"assessmentRisk":[null,null,null,null,6.0858,29.4657,10.4772,45.2072,21.5785,22.5281,13.8664,30.1652,16.6435,35.2873,16.2384,7.3011,23.6926,33.1521,8.005,32.7787,20.6795,29.0658,18.9548,16.7218,6.0158,25.084,18.8504,20.9262,45.6564,22.1125,16.3007,43.713,31.7802,20.7022,16.9597,9.7433,21.4849,22.0321,10.769,4.4132,11.7406,27.2269,18.2019,10.5148,22.6486,6.1671,13.6286,28.129,47.6427],"volumeParticipation":true,"latest":{"consensus":2.8,"control":5.9,"force":44.1,"direction":46.2,"confirmation":18.3,"persistence":62.5,"assessmentRisk":47.6,"intensity":43.8,"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":"Control support is limited","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+2.8","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+5.9","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+44.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+46.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"18/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"60.6","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"15.5","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"88%","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":[24.1066,23.9379,24.0922,23.6775,24.1163,24.2023,24.1535,24.041,24.3177,23.8803,24.4762,24.5222,24.4683,24.5216,24.7545,24.5697,24.8423,24.758,24.9087,25.0194,25.1853,25.3149,25.5116,25.8487,25.0419,24.5845,24.1036,23.8558,24.7184,25.2544,25.8289,25.5215,25.5825,25.8487,25.6008,25.9529,25.8784,25.4594,25.933,25.98,25.72,26.0671,26.22,25.86,25.89,26.2397,26.9,26.945,26.64],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,24.026,24.058,24.0754,24.0691,24.1143,24.0718,24.1453,24.2138,24.2601,24.3077,24.3889,24.4218,24.4982,24.5455,24.6115,24.6857,24.7765,24.8744,24.9902,25.1463,25.1273,25.0287,24.8605,24.6778,24.6852,24.7887,24.9778,25.0767,25.1686,25.2923,25.3484,25.4583,25.5347,25.521,25.5959,25.6657,25.6756,25.7468,25.8328,25.8378,25.8473,25.9186,26.097,26.2512,26.3219],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,24.1652,24.1916,24.2333,24.2582,24.3015,24.3353,24.3778,24.4253,24.4816,24.5433,24.6151,24.7064,24.7313,24.7204,24.6747,24.6141,24.6218,24.6687,24.7546,24.8114,24.8685,24.9411,24.99,25.0613,25.1218,25.1469,25.2051,25.2625,25.2964,25.3535,25.4177,25.4504,25.483,25.539,25.6398,25.7365,25.8034],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,24.3961,24.4993,24.5848,24.6292,24.6759,24.7766,24.807,24.8943,24.943,25.0142,25.0954,25.2203,25.3457,25.5037,25.6776,25.7026,25.6955,25.6993,25.7196,25.722,25.7294,25.8832,25.9561,26.0263,26.1341,26.1925,26.2944,26.377,26.3969,26.4736,26.5498,26.5844,26.6583,26.7421,26.7434,26.785,26.8361,26.9104,26.8409,26.8373],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,23.7089,23.6828,23.6692,23.6772,23.6832,23.6591,23.6727,23.6563,23.6612,23.6539,23.6412,23.6242,23.6365,23.6205,23.6636,23.7312,23.7765,23.7677,23.729,23.7666,23.8966,23.878,23.9051,23.9463,23.9712,23.9974,24.0339,24.0549,24.1051,24.1308,24.1507,24.1696,24.1709,24.1579,24.1578,24.201,24.3154,24.5208,24.8992,25.0949],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-09-19","2025-09-26","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 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,47.2499,71.9789,24.242,89.2842,90.4949,82.3529,87.7651,97.0508,80.6896,95.6051,86.0387,97.8283,86.9308,97.5242,93.9076,100.0,99.5494,62.8843,42.0983,20.2444,8.9794,48.1814,72.5406,97.1166,83.365,86.0931,92.0771,81.6578,96.4574,91.4261,74.172,93.1718,90.312,79.3603,93.9808,98.7573,83.8447,85.0874,97.9503,99.0304,98.2617,88.0656],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.7466,-1.0447,-2.8246,-0.3995,-0.3687,-0.7045,-0.4884,-0.1344,-0.88,-0.2186,-0.7157,-0.1113,-0.8113,-0.1537,-0.4228,0.0,-0.0383,-3.1584,-4.9271,-6.7868,-7.7454,-4.4095,-2.3367,-0.2489,-1.436,-1.2005,-0.7239,-1.6759,-0.3237,-0.7982,-2.4044,-0.5891,-0.8775,-1.8695,-0.5452,-0.1143,-1.4857,-1.3714,-0.1913,-0.1114,-0.2037,-1.4064],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,1.618,2.7876,0.9388,3.4578,3.6523,3.4244,3.6494,4.6339,3.8527,5.0052,4.649,5.286,5.7537,6.4549,7.0026,7.8341,9.2591,5.8489,3.9156,1.8829,0.8352,4.4813,6.747,9.1752,7.876,8.1338,9.2591,8.2113,9.6995,9.3848,7.6137,8.7978,8.9951,7.9043,9.3605,10.002,8.4917,8.6175,10.0846,12.8548,13.0436,11.764],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-19","2025-09-26","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":"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,0.0714,0.0888,0.1201,0.1284,0.1553,0.1678,0.1877,0.21,0.2383,0.2681,0.3041,0.3558,0.3278,0.2656,0.1756,0.0832,0.0788,0.1171,0.1916,0.2233,0.2505,0.2901,0.2981,0.3291,0.3436,0.3177,0.3315,0.3423,0.3262,0.3375,0.3547,0.3354,0.3189,0.3302,0.3879,0.4324,0.4379],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1053,0.1178,0.1318,0.1474,0.1656,0.1861,0.2097,0.2389,0.2567,0.2585,0.2419,0.2102,0.1839,0.1705,0.1748,0.1845,0.1977,0.2162,0.2326,0.2519,0.2702,0.2797,0.2901,0.3005,0.3057,0.312,0.3206,0.3235,0.3226,0.3241,0.3369,0.356,0.3724],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0499,0.05,0.0559,0.0626,0.0727,0.082,0.0944,0.1168,0.0711,0.0072,-0.0663,-0.1269,-0.1051,-0.0534,0.0169,0.0389,0.0528,0.074,0.0656,0.0772,0.0734,0.038,0.0415,0.0418,0.0205,0.0255,0.0341,0.0119,-0.0037,0.0061,0.0511,0.0764,0.0656],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-19","2025-09-26","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":"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,2.4184,2.3072,2.241,2.1522,2.0782,2.0488,1.9903,1.9203,1.8467,1.7835,1.777,1.9775,2.1124,2.2989,2.3706,2.3909,2.424,2.4024,2.3991,2.3387,2.3055,2.2556,2.193,2.1175,2.1293,2.1631,2.1314,2.1436,2.09,2.0209,2.038,1.9896,1.9317,1.933,1.8423,1.867],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,2.857,3.3892,3.795,3.9414,4.1056,4.6145,4.6798,5.0998,5.2746,5.5898,5.9676,6.5352,6.9787,7.6671,8.1636,7.9759,7.7581,7.8097,8.0512,7.9026,7.3865,8.0594,8.227,8.3243,8.6332,8.7472,8.9831,9.209,9.0761,9.2593,9.4635,9.5159,9.787,10.154,10.1594,10.1364,9.8556,9.2924,7.5058,6.7103],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2025-09-19","2025-09-26","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":"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,87.1538,66.0673,109.9365,61.7701,73.8983,94.7618,165.9425,85.7554,58.0588,76.4639,75.2461,154.2925,109.6085,99.0518,101.2799,393.034,96.4493,107.6643,86.8101,125.063,96.1032,74.0654,85.1449,285.7015,72.9351,69.8287,68.1872,86.0055,126.3566,53.0639,51.9155,58.6724,220.8369,57.0324,38.1395,66.7419,95.1393,59.8578,61.4289,93.9597,55.6867,114.3114],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,78.6542,98.6008,65.039,83.202,104.4276,77.3277,127.3196,135.0,123.8546,135.0,122.1846,135.0,135.0,135.0,135.0,135.0,135.0,131.2386,128.1813,123.6466,120.1332,122.8635,125.9832,135.0,132.1675,134.8812,135.0,131.9398,135.0,133.1173,131.2757,133.301,135.0,133.2169,134.3927,135.0,132.5093,134.0466,135.0,135.0,135.0,132.446],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-19","2025-09-26","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":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,16.4735,17.2999,17.337,16.5115,16.6048,16.6914,16.7716,17.4051,17.9933,18.7642,19.5747,19.0562,17.9081,17.3709,16.4578,15.7607,15.2936,14.3046,13.2978,13.0177,14.1527,15.3324,15.4704],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.9751,9.5135,9.1631,11.1457,11.3066,10.5849,14.3397,13.71,16.6545,17.2906,21.3009,18.3459,16.2444,14.137,12.8624,14.1851,20.4675,23.9437,22.5316,21.4114,23.5271,22.5461,22.7347,22.5729,21.1869,19.0122,20.7543,19.3561,18.9754,19.06,17.7943,16.9062,19.3353,26.2934,26.5822,24.6353],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,12.1539,11.7183,11.6842,11.1736,10.7816,13.0784,12.446,11.8994,11.4309,10.906,10.0316,15.2186,17.9755,22.6092,22.8874,20.3367,18.231,16.7016,15.7166,14.9364,13.9244,13.3438,12.5717,12.1248,16.5407,17.9108,16.8483,17.6579,16.593,15.8419,17.2863,16.9768,16.0199,14.5008,14.1046,17.3813],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-09-19","2025-09-26","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"]}]},"canonical_url":"https://sharemaestro.com/terminal/5238e958-38ab-46e6-9ea0-09d2592f5da8/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/5238e958-38ab-46e6-9ea0-09d2592f5da8/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/5238e958-38ab-46e6-9ea0-09d2592f5da8/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/5238e958-38ab-46e6-9ea0-09d2592f5da8/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/5238e958-38ab-46e6-9ea0-09d2592f5da8/technical-pack/data.json"},"source_fingerprint":"585fec75728c05986ccefef77da362237699e1e2d9269754bc141645a7c0d521","content_hash":"6a065726f24cc851a560d1fa61d8f93038db0b1d869830b72d6e81d1273d967f","citation":"Sharemaestro, BDVL Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/5238e958-38ab-46e6-9ea0-09d2592f5da8/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."}