{"schema_version":"1.0","name":"REXC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"53938649-2bc5-4289-a64c-f40bfc27644c","symbol":"REXC","name":"Sprott Rare Earths ExChina ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"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, Drawdown and recovery pressure, Range pressure and compression."},{"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":19,"displayedObservations":19,"assetType":"ETF","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":["2026-04-17","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],"opens":[20.3,22.39,21.22,22.7,22.95,21.5,22.16,22.4,20.47,21.11,21.49,19.19,19.41,18.32,16.66,15.8,15.74,19.33,19.35],"highs":[22.51,22.75,22.6699,25.3899,23.35,22.1,23.0,23.738,20.74,21.49,21.5,20.05,20.13,18.32,16.87,16.1,18.8199,19.63,19.35],"lows":[20.2994,21.01,21.0287,21.9,21.0,19.62,22.0501,19.8,18.64,20.46,19.1533,18.96,17.9,16.33,15.5501,14.64,15.49,18.62,17.87],"closes":[21.725,21.02,22.6029,22.91,21.1146,21.86,22.44,19.87,20.39,20.8656,19.5178,19.19,18.5103,16.585,15.61,15.44,18.67,19.4,19.23],"hoverRows":[[{"label":"Open","value":"20.3","className":"is-ohlc","compact":true},{"label":"High","value":"22.5","className":"is-ohlc","compact":true},{"label":"Low","value":"20.3","className":"is-ohlc","compact":true},{"label":"Close","value":"21.7","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":"22.4","className":"is-ohlc","compact":true},{"label":"High","value":"22.8","className":"is-ohlc","compact":true},{"label":"Low","value":"21.0","className":"is-ohlc","compact":true},{"label":"Close","value":"21.0","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":"21.2","className":"is-ohlc","compact":true},{"label":"High","value":"22.7","className":"is-ohlc","compact":true},{"label":"Low","value":"21.0","className":"is-ohlc","compact":true},{"label":"Close","value":"22.6","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":"19.2","className":"is-ohlc","compact":true},{"label":"High","value":"20.1","className":"is-ohlc","compact":true},{"label":"Low","value":"19.0","className":"is-ohlc","compact":true},{"label":"Close","value":"19.2","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":"19.4","className":"is-ohlc","compact":true},{"label":"High","value":"20.1","className":"is-ohlc","compact":true},{"label":"Low","value":"17.9","className":"is-ohlc","compact":true},{"label":"Close","value":"18.5","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":"18.3","className":"is-ohlc","compact":true},{"label":"High","value":"18.3","className":"is-ohlc","compact":true},{"label":"Low","value":"16.3","className":"is-ohlc","compact":true},{"label":"Close","value":"16.6","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":"16.7","className":"is-ohlc","compact":true},{"label":"High","value":"16.9","className":"is-ohlc","compact":true},{"label":"Low","value":"15.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.6","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":"15.8","className":"is-ohlc","compact":true},{"label":"High","value":"16.1","className":"is-ohlc","compact":true},{"label":"Low","value":"14.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.4","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":"15.7","className":"is-ohlc","compact":true},{"label":"High","value":"18.8","className":"is-ohlc","compact":true},{"label":"Low","value":"15.5","className":"is-ohlc","compact":true},{"label":"Close","value":"18.7","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":"19.3","className":"is-ohlc","compact":true},{"label":"High","value":"19.6","className":"is-ohlc","compact":true},{"label":"Low","value":"18.6","className":"is-ohlc","compact":true},{"label":"Close","value":"19.4","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":"19.4","className":"is-ohlc","compact":true},{"label":"High","value":"19.4","className":"is-ohlc","compact":true},{"label":"Low","value":"17.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.2","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}]],"pressureRange":[-2.3,2.3],"priceRange":[14.9918,23.3582],"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":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":21.725}],"reversal_dangers":[{"date":"2026-04-24","price":21.02}]}},"smTape":{"available":true,"dates":["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":[21.725,21.02,22.6029,22.91,21.1146,21.86,22.44,19.87,20.39,20.8656,19.5178,19.19,18.5103,16.585,15.61,15.44,18.67,19.4,19.23],"consensus":[28.9786,-98.8506,91.8352,-24.4288,-32.2544,16.0951,9.0162,-56.4554,0.0,-10.0807,-49.4956,-30.5635,-42.092,-66.1276,-63.367,-41.8231,35.1626,31.6036,16.5768],"supportDates":["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,17.2924,11.8044,-49.2582,0.0,-6.752,-45.1602,-33.5868,-38.6854,-67.227,-65.7883,-32.943,37.2841,24.3754,12.5191],"force":[28.9786,-98.8506,91.8352,-24.4288,-37.2584,22.2769,4.6493,-73.0005,0.0,-0.3049,-53.602,-15.0416,-32.2166,-57.816,-46.2839,-14.9008,85.5624,52.0927,11.918],"direction":[null,null,null,null,-28.6802,10.3113,8.9489,-52.8627,0.0,-21.3034,-51.5172,-38.1955,-53.0391,-70.8081,-72.8018,-71.2021,3.2619,25.2294,24.5419],"intensity":[null,null,null,null,75.0,40.0,83.3333,85.7143,100.0,44.4444,20.0,36.3636,16.6667,61.5385,42.8571,13.3333,100.0,94.1176,11.1111],"confirmation":[31.9398,54.2989,52.0539,30.4839,55.8835,73.3206,48.0429,86.6796,4.7982,25.6918,84.0298,77.2612,81.2204,88.8908,87.7199,80.6982,58.7849,78.8477,55.0],"persistence":[null,null,33.3333,0.0,20.0,0.0,14.2857,0.0,12.5,12.5,37.5,37.5,37.5,62.5,87.5,87.5,75.0,50.0,25.0],"assessmentRisk":[null,null,null,null,6.5523,22.689,11.9261,20.5674,22.382,27.902,24.3262,10.4872,25.3005,16.8617,18.1712,29.0074,12.0972,32.3925,41.1757],"volumeParticipation":true,"latest":{"consensus":16.6,"control":12.5,"force":11.9,"direction":24.5,"confirmation":55.0,"persistence":25.0,"assessmentRisk":41.2,"intensity":11.1,"evidenceDepth":73},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+16.6","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+12.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+11.9","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+24.5","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"37.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"10.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"43%","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":[21.725,21.02,22.6029,22.91,21.1146,21.86,22.44,19.87,20.39,20.8656,19.5178,19.19,18.5103,16.585,15.61,15.44,18.67,19.4,19.23],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,21.8269,21.833,21.9433,21.5664,21.3525,21.264,20.9465,20.6271,20.2422,19.5773,18.856,18.2349,18.314,18.5114,18.6421],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,21.0225,20.6938,20.3172,19.956,19.8607,19.8266,19.7824],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,23.3703,23.4278,23.4722,23.575,24.0084,24.402,24.6059,24.4328,24.2832,24.1413],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,19.5893,19.1751,18.7788,18.2737,17.2203,16.1595,15.3505,15.3697,15.4636,15.5377],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"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,-3.2451,7.5304,1.3587,-7.8368,3.5303,2.6532,-11.4528,2.617,2.3325,-6.4594,-1.6795,-3.5419,-10.4012,-5.8788,-1.089,20.9197,3.91,-0.8763],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-3.2451,4.041,5.4545,-2.8097,0.6214,3.2911,-8.5386,-6.145,-3.9558,-10.1597,-11.6686,-14.7972,-23.6594,-28.1473,-28.9298,-14.0621,-10.702,-11.4845],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close 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