{"schema_version":"1.0","name":"NVHI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"54f84d81-84ed-462b-b4b0-feb5eaaf4604","symbol":"NVHI","name":"Ninepoint NVIDIA HighShares 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, Acceleration, deceleration and rollover."},{"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":[9.669359,9.640523,10.092791,9.450351,10.198704,10.592069,10.467343,10.745193,10.04059,10.412464,9.243122,9.376664,10.01123,9.672359,9.788544,9.875681,10.080568,10.506368,10.68],"highs":[9.669359,10.092272,10.092791,10.179515,11.062188,10.688012,10.467343,10.745193,10.04059,10.412464,9.424923,9.396218,10.059641,9.76918,10.137097,9.875681,10.585586,10.74,10.68],"lows":[9.640523,9.544406,9.316032,9.124146,10.198704,10.352212,10.083573,9.981873,10.04059,10.412464,9.243122,8.878009,10.01123,9.585221,9.623949,9.004299,10.050861,10.318224,10.03],"closes":[9.640523,10.053825,9.344814,10.179515,10.716794,10.352212,10.16781,10.011231,10.04059,10.412464,9.281396,9.396218,10.059641,9.643313,9.91441,9.585452,10.565782,10.58,10.05],"hoverRows":[[{"label":"Open","value":"9.67","className":"is-ohlc","compact":true},{"label":"High","value":"9.67","className":"is-ohlc","compact":true},{"label":"Low","value":"9.64","className":"is-ohlc","compact":true},{"label":"Close","value":"9.64","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":"9.88","className":"is-ohlc","compact":true},{"label":"High","value":"9.88","className":"is-ohlc","compact":true},{"label":"Low","value":"9.00","className":"is-ohlc","compact":true},{"label":"Close","value":"9.59","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":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.1","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","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":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","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":"10.7","className":"is-ohlc","compact":true},{"label":"High","value":"10.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","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}]],"pressureRange":[-2.3,2.3],"priceRange":[9.195272,10.802918],"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":"2026-05-08","price":10.179515},{"date":"2026-07-10","price":10.059641},{"date":"2026-08-07","price":10.565782}],"reversal_dangers":[{"date":"2026-05-15","price":10.716794},{"date":"2026-07-17","price":9.643313},{"date":"2026-08-14","price":10.58}]}},"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":[9.6405,10.0538,9.3448,10.1795,10.7168,10.3522,10.1678,10.0112,10.0406,10.4125,9.2814,9.3962,10.0596,9.6433,9.9144,9.5855,10.5658,10.58,10.05],"consensus":[-100.0,85.9648,-92.5892,58.0,78.2606,8.6602,9.3276,-26.2313,0.0,43.108,-69.3921,-20.8498,40.5854,-44.059,29.2581,-29.3396,67.4842,35.921,-30.7778],"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,18.0998,13.3605,-27.5156,0.0,48.1886,-65.722,-1.2838,56.4924,-40.0519,21.0627,-27.6671,71.1892,32.7138,-35.2546],"force":[-100.0,85.9648,-92.5892,58.0,47.9524,33.2853,21.3474,-49.2982,0.0,28.7386,-67.4516,-12.0881,42.6054,-44.0232,40.3409,-56.1994,87.5619,18.2726,-79.7278],"direction":[null,null,null,null,99.9093,69.2041,57.1677,-8.2872,0.0,47.5654,-74.9726,-66.738,20.9633,-48.6641,30.708,-12.0655,48.9088,52.1923,-9.3028],"intensity":[null,null,null,null,100.0,20.0,16.6667,28.5714,62.5,33.3333,100.0,27.2727,91.6667,53.8462,28.5714,60.0,81.25,5.8824,55.5556],"confirmation":[54.6667,50.1754,52.2952,41.2267,68.9912,35.5295,32.4667,77.0774,3.5179,81.2792,90.2023,8.5451,80.8065,82.1588,77.8252,78.2327,90.1504,79.0057,35.9237],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,25.0,37.5,37.5,37.5,12.5,12.5,12.5,12.5,12.5,0.0,0.0,0.0],"assessmentRisk":[null,null,null,null,8.4071,19.2901,40.6939,2.7683,42.363,15.0738,11.0217,30.0722,18.5797,22.2928,26.6061,32.3724,3.3453,29.5673,28.1296],"volumeParticipation":true,"latest":{"consensus":-30.8,"control":-35.3,"force":-79.7,"direction":-9.3,"confirmation":35.9,"persistence":0.0,"assessmentRisk":28.1,"intensity":55.6,"evidenceDepth":73},"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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-30.8","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-35.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-79.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-9.3","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"36/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"63.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.8%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"54%","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":[9.6405,10.0538,9.3448,10.1795,10.7168,10.3522,10.1678,10.0112,10.0406,10.4125,9.2814,9.3962,10.0596,9.6433,9.9144,9.5855,10.5658,10.58,10.05],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,9.9216,9.9999,10.0304,10.0269,10.0294,10.099,9.9504,9.8496,9.8878,9.8434,9.8563,9.807,9.945,10.0604,10.0585],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,9.8393,9.8248,9.8314,9.8132,9.8689,9.9216,9.9311],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,10.826,10.8591,10.8418,10.8161,10.7795,10.7492,10.7207,10.7914,10.8506,10.8309],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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