{"schema_version":"1.0","name":"HBDV Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5445ae2c-49f2-48da-bf0c-0e4044debea2","symbol":"HBDV","name":"Humilis North American Dividend Growth ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","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, Range pressure and compression, Directional pressure and rotation."},{"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":21,"displayedObservations":21,"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":["2026-04-03","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[20.200001,20.48,20.73,20.940001,20.562551,20.791023,20.860558,20.840691,21.565844,21.675113,21.913519,22.221462,22.440001,22.4,22.620001,22.93,22.77,23.02,22.799999,22.76,23.02],"highs":[20.450001,20.84,20.93,20.940001,20.830757,20.860558,20.940027,21.357239,21.685047,21.685047,21.913519,22.221462,22.440001,22.4,22.620001,22.93,22.9,23.15,23.01,23.049999,23.02],"lows":[20.200001,20.48,20.73,20.66,20.493015,20.642019,20.840691,20.840691,21.41684,21.665179,21.913519,22.221462,22.440001,22.4,22.620001,22.93,22.6,22.68,22.799999,22.76,22.389999],"closes":[20.370001,20.84,20.83,20.73,20.830757,20.860558,20.940027,21.357239,21.44664,21.685047,21.913519,22.221462,22.440001,22.4,22.620001,22.93,22.9,22.790001,22.85,23.049999,22.4],"hoverRows":[[{"label":"Open","value":"20.2","className":"is-ohlc","compact":true},{"label":"High","value":"20.5","className":"is-ohlc","compact":true},{"label":"Low","value":"20.2","className":"is-ohlc","compact":true},{"label":"Close","value":"20.4","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}]],"pressureRange":[-2.3,2.3],"priceRange":[20.209201,23.210799],"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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":21.357239}],"reversal_dangers":[{"date":"2026-05-29","price":21.44664}]}},"smTape":{"available":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"],"close":[20.37,20.84,20.83,20.73,20.8308,20.8606,20.94,21.3572,21.4466,21.685,21.9135,22.2215,22.44,22.4,22.62,22.93,22.9,22.79,22.85,23.05,22.4],"consensus":[36.0,100.0,0.0,-29.0001,64.7587,34.4445,46.4659,73.6547,36.5396,72.9527,57.055,60.2367,58.4833,43.8021,58.6716,61.8131,55.0106,15.7056,35.0531,63.9177,-44.5283],"supportDates":["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,42.4723,56.2728,77.5124,19.1152,73.28,51.462,55.1475,52.4969,33.4237,53.0051,56.7216,61.6288,6.3003,29.8387,79.0989,-38.3273],"force":[36.0,100.0,0.0,-29.0001,39.9265,18.4665,26.8418,62.9053,8.6214,62.9528,31.4222,35.1001,30.8772,5.5793,31.8788,35.9182,22.7821,37.1666,10.3178,53.3196,-97.907],"direction":[null,null,null,null,82.496,36.6827,49.2753,76.9241,76.3948,79.7214,81.7561,84.0078,85.0434,82.9651,84.2854,86.1282,70.4675,64.2202,58.6805,54.1377,-13.4875],"intensity":[null,null,null,null,50.0,40.0,66.6667,85.7143,100.0,55.5556,60.0,72.7273,41.6667,7.6923,50.0,80.0,81.25,64.7059,16.6667,36.8421,100.0],"confirmation":[34.1867,54.6667,0.0,31.9467,64.9209,78.413,82.1216,91.1831,79.1074,91.0351,85.5616,86.5872,85.9645,58.3433,86.0447,87.0686,84.5204,11.4866,78.5426,87.8993,55.0],"persistence":[null,null,66.6667,25.0,40.0,50.0,57.1429,62.5,62.5,62.5,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0],"assessmentRisk":[null,null,null,null,16.2139,12.0215,4.0288,12.9775,31.5831,13.5126,21.4712,19.8775,20.7578,28.0789,20.6589,19.0883,22.3868,41.5381,27.8951,1.1886,25.9863],"volumeParticipation":true,"latest":{"consensus":-44.5,"control":-38.3,"force":-97.9,"direction":-13.5,"confirmation":55.0,"persistence":75.0,"assessmentRisk":26.0,"intensity":100.0,"evidenceDepth":81},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","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":"-44.5","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-38.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-97.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.5","detail":"Downward follow-through","tone":"negative"},{"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":"78.4","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"1.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"75%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}