{"schema_version":"1.0","name":"UNP Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"5a04b482-513d-42c3-9ca3-c4a54bcdb0ba","symbol":"UNP","name":"Union Pacific Corporation","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, Directional strength and control, Acceleration, deceleration and rollover, Range pressure and compression, Range position and boundary pressure, Activity pressure and cumulative balance."},{"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":34,"displayedObservations":34,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[1.038983,1.494542,1.732896,1.651663,1.49161,1.294526],"opens":[29.26,29.280001,30.389999,30.24,29.84,29.559999],"highs":[29.26,30.629999,31.59,30.24,30.120001,30.09],"lows":[29.209999,29.23,29.51,29.469999,29.66,29.540001],"closes":[29.209999,30.469999,31.209999,29.469999,29.66,29.68],"hoverRows":[[{"label":"Open","value":"29.3","className":"is-ohlc","compact":true},{"label":"High","value":"29.3","className":"is-ohlc","compact":true},{"label":"Low","value":"29.2","className":"is-ohlc","compact":true},{"label":"Close","value":"29.2","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":"29.3","className":"is-ohlc","compact":true},{"label":"High","value":"30.6","className":"is-ohlc","compact":true},{"label":"Low","value":"29.2","className":"is-ohlc","compact":true},{"label":"Close","value":"30.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"30.4","className":"is-ohlc","compact":true},{"label":"High","value":"31.6","className":"is-ohlc","compact":true},{"label":"Low","value":"29.5","className":"is-ohlc","compact":true},{"label":"Close","value":"31.2","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":"30.2","className":"is-ohlc","compact":true},{"label":"High","value":"30.2","className":"is-ohlc","compact":true},{"label":"Low","value":"29.5","className":"is-ohlc","compact":true},{"label":"Close","value":"29.5","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":"29.8","className":"is-ohlc","compact":true},{"label":"High","value":"30.1","className":"is-ohlc","compact":true},{"label":"Low","value":"29.7","className":"is-ohlc","compact":true},{"label":"Close","value":"29.7","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":"29.6","className":"is-ohlc","compact":true},{"label":"High","value":"30.1","className":"is-ohlc","compact":true},{"label":"Low","value":"29.5","className":"is-ohlc","compact":true},{"label":"Close","value":"29.7","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}]],"pressureRange":[-2.3,2.3],"priceRange":[29.089999,31.329999],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted 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":"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 eased this week but remains positive.","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":"17 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-0.5,"medianReturn":-0.5,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-07-17","price":30.469999}],"reversal_warnings":[{"date":"2026-07-10","price":29.209999},{"date":"2026-07-17","price":30.469999}],"reversal_dangers":[{"date":"2026-07-10","price":29.209999},{"date":"2026-07-31","price":29.469999}]}},"smTape":{"available":true,"dates":["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"],"close":[23.7525,23.4655,23.1092,23.4754,23.8218,23.5941,25.3558,26.385,26.5236,26.9505,25.9457,24.5231,23.7968,24.2246,24.6524,25.4284,25.4781,27.428,26.9207,26.7814,27.2291,26.9804,26.57,26.67,27.28,26.06,27.09,28.54,29.21,30.47,31.21,29.47,29.66,29.68],"consensus":[-100.0,-94.7378,-39.5831,58.0,37.3462,0.0,72.5738,81.7661,40.1602,69.5986,0.0,-63.1415,-68.4607,-18.2065,0.0,59.6974,34.8165,78.2892,15.1727,22.0443,65.9951,0.0,-18.2935,15.616,34.921,-31.1236,37.2288,52.7418,38.2062,81.6325,75.0632,-8.6509,19.5593,11.9775],"supportDates":["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"],"control":[null,null,null,null,null,0.0,74.321,74.6582,19.7536,74.0152,0.0,-52.2745,-68.2182,-4.186,0.0,61.2828,35.114,76.7165,13.6446,11.5975,61.7677,0.0,-12.9265,20.8155,43.2328,-30.7683,41.4436,54.7246,27.3128,83.5989,72.0347,-20.8928,9.1933,18.1669],"force":[-100.0,-94.7378,-39.5831,58.0,41.4357,0.0,57.7333,89.4438,12.5764,42.2182,0.0,-93.9783,-66.0725,-11.3303,0.0,61.8521,21.8268,99.574,46.9362,10.8691,79.1979,0.0,-70.6691,2.5102,21.4173,-36.6644,32.3047,38.8034,18.1747,93.3431,83.773,-73.7209,0.6731,8.8224],"direction":[null,null,null,null,34.4252,0.0,81.1774,84.4052,83.1847,84.1086,0.0,-53.5347,-70.4437,-55.3275,0.0,56.3463,43.7548,64.8831,61.2827,57.4932,61.3959,0.0,-12.984,19.0349,35.0672,-27.5721,35.9292,60.4317,64.9642,71.0206,72.3031,-51.8184,44.8965,19.7611],"intensity":[null,null,null,null,75.0,100.0,100.0,85.7143,75.0,33.3333,70.0,81.8182,58.3333,30.7692,35.7143,60.0,12.5,100.0,77.7778,5.2632,40.0,9.5238,27.2727,73.913,50.0,80.0,69.2308,88.8889,53.5714,82.7586,56.6667,93.5484,6.25,3.0303],"confirmation":[54.6667,52.9828,35.3333,41.2267,57.4711,1.0348,90.7447,94.5074,80.3216,89.3698,39.0669,89.3107,89.8383,7.5567,31.9384,87.1447,78.7409,93.7252,35.6654,31.1957,89.5852,7.7674,32.9685,49.8518,78.6365,78.1338,79.6989,84.4224,79.7815,94.4493,92.3318,38.2861,51.1747,27.6534],"persistence":[null,null,100.0,50.0,20.0,16.6667,0.0,12.5,37.5,62.5,75.0,50.0,25.0,12.5,0.0,0.0,0.0,0.0,12.5,37.5,62.5,75.0,62.5,62.5,62.5,37.5,37.5,37.5,37.5,50.0,75.0,50.0,50.0,75.0],"assessmentRisk":[null,null,null,null,8.6218,18.6259,13.5027,9.084,29.8831,15.1977,35.1119,17.2232,15.6199,40.7739,49.7325,10.1988,30.9559,10.7372,41.5135,34.7901,15.552,23.1457,10.7314,14.8599,13.6573,26.9656,10.9688,22.5288,29.9651,9.1801,12.4668,43.0233,13.3778,41.3377],"volumeParticipation":true,"latest":{"consensus":12.0,"control":18.2,"force":8.8,"direction":19.8,"confirmation":27.7,"persistence":75.0,"assessmentRisk":41.3,"intensity":3.0,"evidenceDepth":100},"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 upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","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":"Established","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+12.0","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+18.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+8.8","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+19.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"28/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"61.0","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"35.1","detail":"Directional","tone":"positive"},{"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 envelope.","reason":"Selected as the anchor because price and its trend references are aligned upward.","series":[{"label":"Close","values":[23.7525,23.4655,23.1092,23.4754,23.8218,23.5941,25.3558,26.385,26.5236,26.9505,25.9457,24.5231,23.7968,24.2246,24.6524,25.4284,25.4781,27.428,26.9207,26.7814,27.2291,26.9804,26.57,26.67,27.28,26.06,27.09,28.54,29.21,30.47,31.21,29.47,29.66,29.68],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,23.617,23.6128,23.9297,24.3761,24.7666,25.1637,25.3059,25.1635,24.915,24.7895,24.7646,24.8853,24.9931,25.4358,25.7058,25.9013,26.1427,26.295,26.345,26.4041,26.5634,26.4718,26.5842,26.9398,27.3526,27.9194,28.5177,28.6908,28.867,29.0149],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,24.4489,24.4323,24.4486,24.5211,24.592,24.8021,24.959,25.094,25.2522,25.3802,25.4683,25.5573,25.6849,25.7127,25.8147,26.0166,26.2532,26.5655,26.9096,27.0992,27.2889,27.466],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,27.477,27.5654,27.4294,27.2999,27.1828,27.0975,27.0993,27.1032,27.496,27.6913,27.8257,28.0802,28.2261,28.2262,28.2327,28.3206,28.1881,28.2943,28.642,29.1019,29.806,30.6317,30.8909,31.0296,31.1341],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,21.8097,21.9581,22.0543,22.0384,22.092,22.1793,22.2763,22.3654,22.2719,22.2909,22.3355,22.4287,22.6343,22.9803,23.2932,23.5512,23.9303,23.9975,23.8653,23.674,23.3219,23.0226,23.2581,23.7057,24.1468],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"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,23.4376,24.4516,25.8082,27.7153,29.8523,31.7823,33.5745,35.054],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,20.4024,22.3331,27.3345,27.5246,39.3006,36.26,34.5335,33.8583,33.6635,29.926,29.6393,33.8053,29.9818,36.5106,44.3741,47.8295,53.4998,52.3589,45.9323,43.771,41.9713],"stroke":"#07865c","width":1.6},{"label":"Negative 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or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.3953,0.3166,0.2854,0.3197,0.3468,0.5197,0.6088,0.6605,0.7292,0.7549,0.7336,0.7166,0.7438,0.6593,0.6677,0.7824,0.9168,1.1121,1.3115,1.314,1.3161,1.3044],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.3514,0.385,0.4298,0.4759,0.5266,0.5722,0.6045,0.6269,0.6503,0.6521,0.6552,0.6807,0.7279,0.8047,0.9061,0.9877,1.0534,1.1036],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0045,0.1347,0.179,0.1846,0.2026,0.1826,0.1291,0.0897,0.0935,0.0072,0.0125,0.1017,0.1889,0.3074,0.4054,0.3263,0.2628,0.2008],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk 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