{"schema_version":"1.0","name":"MDEC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5a760bf9-36fd-4d58-a47d-f43cd267b77b","symbol":"MDEC","name":"First Trust Vest US Equity Max Buffer UCITS ETF December Class A USD ACC","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","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, Range pressure and compression, Range position and boundary pressure, Acceleration, deceleration and rollover, 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":35,"displayedObservations":35,"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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[1.445654,1.912348,1.912348,1.68333,1.42764,1.077231,0.600064],"opens":[24.625,24.6,24.620001,24.73,24.514999,24.57,24.525],"highs":[24.66,24.655001,24.75,24.799999,24.625,24.65,24.575001],"lows":[24.625,24.6,24.620001,24.450001,24.514999,24.530001,24.275],"closes":[24.66,24.625,24.745001,24.51,24.549999,24.530001,24.335],"hoverRows":[[{"label":"Open","value":"24.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.7","className":"is-ohlc","compact":true},{"label":"Low","value":"24.6","className":"is-ohlc","compact":true},{"label":"Close","value":"24.7","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":"24.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.7","className":"is-ohlc","compact":true},{"label":"Low","value":"24.6","className":"is-ohlc","compact":true},{"label":"Close","value":"24.6","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":"24.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.8","className":"is-ohlc","compact":true},{"label":"Low","value":"24.6","className":"is-ohlc","compact":true},{"label":"Close","value":"24.7","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":"24.7","className":"is-ohlc","compact":true},{"label":"High","value":"24.8","className":"is-ohlc","compact":true},{"label":"Low","value":"24.5","className":"is-ohlc","compact":true},{"label":"Close","value":"24.5","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":"24.5","className":"is-ohlc","compact":true},{"label":"High","value":"24.6","className":"is-ohlc","compact":true},{"label":"Low","value":"24.5","className":"is-ohlc","compact":true},{"label":"Close","value":"24.5","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":"24.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.6","className":"is-ohlc","compact":true},{"label":"Low","value":"24.5","className":"is-ohlc","compact":true},{"label":"Close","value":"24.5","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":"24.5","className":"is-ohlc","compact":true},{"label":"High","value":"24.6","className":"is-ohlc","compact":true},{"label":"Low","value":"24.3","className":"is-ohlc","compact":true},{"label":"Close","value":"24.3","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":[24.3104,24.769601],"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":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics eased this week but remains positive.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","tone":"caution"},{"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":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.53,"forwardCorrelation":-0.48,"directionalAgreement":0.0,"sample":2,"correlationSample":26,"label":"Strong relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-1.7,"averageReturn":-1.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":1},{"week":2,"averageReturn":-0.8,"sample":1},{"week":3,"averageReturn":-0.9,"sample":1},{"week":4,"averageReturn":-1.7,"sample":1},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":3.5,"averageExpectedMove":3.5,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":1.2,"medianReturn":1.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":2.6,"medianReturn":2.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.4,"sample":2},{"week":2,"averageReturn":0.7,"sample":2},{"week":3,"averageReturn":1.7,"sample":2},{"week":4,"averageReturn":1.2,"sample":2},{"week":5,"averageReturn":0.9,"sample":2},{"week":6,"averageReturn":2.4,"sample":2},{"week":7,"averageReturn":2.0,"sample":2},{"week":8,"averageReturn":2.3,"sample":2},{"week":9,"averageReturn":2.3,"sample":2},{"week":10,"averageReturn":2.3,"sample":2},{"week":11,"averageReturn":2.3,"sample":2},{"week":12,"averageReturn":2.6,"sample":2},{"week":13,"averageReturn":3.1,"sample":1},{"week":14,"averageReturn":2.6,"sample":1},{"week":15,"averageReturn":5.3,"sample":1},{"week":16,"averageReturn":5.1,"sample":1},{"week":17,"averageReturn":5.7,"sample":1},{"week":18,"averageReturn":4.7,"sample":1},{"week":19,"averageReturn":4.8,"sample":1},{"week":20,"averageReturn":4.7,"sample":1},{"week":21,"averageReturn":3.9,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":3.9,"averageExpectedMove":3.9,"averageWeeksToLargestMove":7.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":1.7,"medianReturn":1.7,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":3.0,"medianReturn":3.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":3},{"week":2,"averageReturn":-0.4,"sample":3},{"week":3,"averageReturn":1.4,"sample":2},{"week":4,"averageReturn":1.7,"sample":2},{"week":5,"averageReturn":1.0,"sample":2},{"week":6,"averageReturn":1.7,"sample":2},{"week":7,"averageReturn":2.0,"sample":2},{"week":8,"averageReturn":1.4,"sample":2},{"week":9,"averageReturn":2.8,"sample":2},{"week":10,"averageReturn":3.2,"sample":2},{"week":11,"averageReturn":3.4,"sample":2},{"week":12,"averageReturn":3.0,"sample":2},{"week":13,"averageReturn":3.8,"sample":2},{"week":14,"averageReturn":3.9,"sample":2},{"week":15,"averageReturn":3.2,"sample":2},{"week":16,"averageReturn":6.3,"sample":1},{"week":17,"averageReturn":6.1,"sample":1},{"week":18,"averageReturn":6.7,"sample":1},{"week":19,"averageReturn":5.6,"sample":1},{"week":20,"averageReturn":5.8,"sample":1},{"week":21,"averageReturn":5.7,"sample":1},{"week":22,"averageReturn":4.9,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"accumulation","zoneContext":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","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 has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":[],"reversal_warnings":[],"reversal_dangers":[]}},"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","2026-08-21"],"close":[23.32,23.38,23.695,23.76,23.405,23.21,23.325,23.2,23.42,23.26,23.755,23.91,23.595,23.575,23.635,23.47,23.505,23.73,23.71,23.725,24.045,24.145,24.02,24.29,24.195,24.49,24.57,24.59,24.66,24.625,24.745,24.51,24.55,24.53,24.335],"consensus":[-97.3339,-52.9453,100.0,95.001,-10.352,0.0,0.0,-10.976,12.1713,-15.8199,26.1738,26.477,-14.246,0.0,0.0,-21.1022,9.5696,16.8167,0.0,0.0,33.8337,30.3783,0.0,37.6624,8.9844,39.1117,21.8149,33.9113,38.3837,14.2257,36.7597,-13.0131,0.0,-10.3437,-28.0004],"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","2026-08-21"],"control":[null,null,null,null,null,0.0,0.0,-11.3211,17.5011,-24.0097,31.7924,29.5891,-22.3463,0.0,0.0,-25.0714,16.0532,21.3309,0.0,0.0,37.9943,35.9736,0.0,42.1486,8.5141,47.3317,17.5191,40.6333,43.1379,13.7364,44.1215,-14.9036,0.0,-13.3572,-24.5666],"force":[-97.3339,-52.9453,100.0,95.001,-25.6727,0.0,0.0,-13.7143,19.1172,-23.0101,36.0315,32.2062,-27.9971,0.0,0.0,-31.782,15.0148,23.4453,0.0,0.0,44.9629,33.5693,0.0,44.2654,0.7796,40.1341,10.9121,29.0542,35.8014,0.7965,35.9798,-38.7972,0.0,-26.5724,-46.795],"direction":[null,null,null,null,-0.5914,0.0,0.0,-8.6258,1.1186,-1.3243,12.7113,18.828,-4.8338,0.0,0.0,-8.9375,1.7298,6.923,0.0,0.0,21.1293,21.7044,0.0,27.8189,16.4961,28.987,34.512,29.6983,34.795,24.3773,28.9034,-7.5648,0.0,-4.6921,-18.5],"intensity":[null,null,null,null,75.0,80.0,33.3333,28.5714,50.0,22.2222,90.0,18.1818,66.6667,53.8462,7.1429,40.0,18.75,58.8235,22.2222,5.2632,80.0,61.9048,27.2727,65.2174,12.5,72.0,30.7692,7.4074,14.2857,10.3448,30.0,61.2903,53.125,9.0909,67.6471],"confirmation":[53.8135,39.6092,54.6667,53.067,26.8689,47.6161,0.6486,71.5905,49.3586,50.49,76.5904,76.5998,51.2189,1.6553,1.0862,75.0177,48.8318,50.8479,1.3013,24.3218,79.1026,77.733,28.2885,80.1848,48.0843,80.4216,74.7139,78.6012,80.1317,49.4838,79.6272,51.8683,1.9132,50.093,55.0],"persistence":[null,null,33.3333,0.0,20.0,16.6667,14.2857,25.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,25.0,12.5,0.0,25.0,37.5,37.5,62.5,62.5,62.5,75.0,87.5,87.5,87.5,100.0,75.0,62.5,37.5,12.5],"assessmentRisk":[null,null,null,null,22.15,33.2492,45.7425,44.0752,2.4915,19.9408,34.0123,36.5199,37.5519,43.7837,25.0171,37.4371,23.724,22.7826,17.856,42.3235,32.5021,33.0763,48.498,31.0273,30.5712,29.2366,39.0115,30.9907,30.6823,29.789,24.3506,16.667,31.2412,24.0908,35.5314],"volumeParticipation":false,"latest":{"consensus":-28.0,"control":-24.6,"force":-46.8,"direction":-18.5,"confirmation":55.0,"persistence":12.5,"assessmentRisk":35.5,"intensity":67.6,"evidenceDepth":100},"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":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-28.0","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-24.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-46.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-18.5","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":"57.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.1%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"49.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"70%","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":[23.32,23.38,23.695,23.76,23.405,23.21,23.325,23.2,23.42,23.26,23.755,23.91,23.595,23.575,23.635,23.47,23.505,23.73,23.71,23.725,24.045,24.145,24.02,24.29,24.195,24.49,24.57,24.59,24.66,24.625,24.745,24.51,24.55,24.53,24.335],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,23.4525,23.4084,23.3933,23.3581,23.3694,23.3495,23.4232,23.5117,23.5269,23.5356,23.5537,23.5385,23.5324,23.5683,23.5941,23.6179,23.6955,23.7773,23.8214,23.9066,23.959,24.0556,24.1491,24.2293,24.3076,24.3653,24.4343,24.4481,24.4666,24.4781,24.4521],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,23.4343,23.4447,23.4588,23.4596,23.463,23.4828,23.4996,23.5163,23.5555,23.5991,23.6303,23.6792,23.7174,23.7746,23.8335,23.8896,23.9466,23.9969,24.0523,24.0862,24.1206,24.1509,24.1645],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,23.7581,23.8306,23.9364,23.9326,23.9257,23.9271,23.912,23.9002,23.9162,23.9261,23.9361,24.0179,24.1128,24.1595,24.2582,24.3313,24.4457,24.5651,24.6521,24.7541,24.8103,24.9111,24.9597,24.998,25.0208,25.0181],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,23.0369,23.0294,23.0036,23.0266,23.0472,23.0655,23.0774,23.0904,23.1004,23.1118,23.1224,23.1131,23.0947,23.0805,23.0348,23.0407,23.0543,23.0594,23.1114,23.1334,23.2137,23.2119,23.2233,23.2805,23.3532,23.4259],"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","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,45.147,46.9539,48.7466,50.1593,51.6451,51.4402,51.25,51.1526,49.005],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,3.2475,3.4822,3.4545,3.4321,4.7356,4.7872,4.8995,6.2693,6.8841,6.923,7.7753,7.7085,9.9589,10.9871,10.9547,11.6083,11.5302,12.4817,11.9462,11.7676,11.9174,11.4097],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.5676,1.5543,1.7988,2.1869,2.1556,2.1403,2.1228,2.0794,2.0575,2.0366,1.9945,1.9773,1.9273,1.9053,1.8997,1.8857,2.1534,2.1202,4.113,4.0515,3.9846,7.4358],"stroke":"#c13f3f","width":1.6}],"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","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,7.3997,6.9126,6.5157,6.0808,5.6742,5.311,4.9692,4.6479,4.3439,4.0962,3.8408,3.6114,3.3991,3.1824,2.9614,2.7623,2.5861,2.4272,2.3775,2.2375,2.1143,2.0671],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,3.0825,3.4195,3.9742,3.8586,3.7407,3.667,3.5525,3.4466,3.4703,3.462,3.4582,3.8399,4.3134,4.5682,5.1733,5.4486,5.8584,6.3234,6.4518,6.7686,6.6493,7.0616,7.2077,7.1148,6.8943,6.573],"stroke":"#b87806","width":1.7}],"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","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,3.8982,8.9429,5.274,16.6246,20.1788,12.9557,12.4971,13.8729,10.0894,10.892,16.0513,15.5927,15.9367,23.2745,25.5675,22.7012,28.8925,26.714,33.4785,97.1609,98.4227,100.0,97.8528,99.7094,82.2086,84.6626,82.9654,69.8052],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-15.3006,-14.4975,-15.0816,-13.2744,-12.7086,-13.8586,-13.9316,-13.7125,-14.3149,-14.1871,-13.3657,-13.4387,-13.384,-12.2157,-11.8506,-12.307,-11.3212,-11.6681,-10.5911,-0.1828,-0.1016,0.0,-0.1419,-0.0202,-1.1694,-1.0081,-1.0887,-1.875],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,0.7382,1.6934,0.9987,3.1481,3.8211,2.4533,2.3665,2.627,1.9105,2.0625,3.0395,2.9527,3.0178,4.4073,4.8415,4.2987,5.4711,5.0586,6.3396,6.6869,6.7738,7.0777,6.9257,7.4468,5.7833,5.956,5.6644,4.6217],"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],"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","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,0.0729,0.0729,0.0768,0.0659,0.0594,0.0716,0.0787,0.0846,0.1137,0.1433,0.1548,0.1836,0.1965,0.2279,0.2563,0.2772,0.296,0.3046,0.3174,0.3051,0.2952,0.2824,0.2536],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0696,0.07,0.0717,0.0743,0.0822,0.0944,0.1065,0.1219,0.1368,0.155,0.1753,0.1957,0.2157,0.2335,0.2503,0.2612,0.268,0.2709,0.2675],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0102,0.0016,0.007,0.0103,0.0316,0.0489,0.0483,0.0617,0.0597,0.0729,0.081,0.0815,0.0803,0.0711,0.0671,0.0438,0.0271,0.0115,-0.0138],"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],"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","2026-08-21"]},{"key":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum has changed character across the latest observations.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,62.4038,57.2641,58.0533,62.8083,62.134,62.4595,68.6505,70.2989,65.6519,70.2296,66.8535,71.4441,72.5543,72.8385,73.8591,72.3944,74.2779,64.9345,65.7248,64.9368,57.6754],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,6.7645,3.8982,8.9429,5.274,16.6246,20.1788,12.9557,12.4971,66.1202,48.0873,51.9124,76.5027,74.3168,71.6129,100.0,100.0,84.4444,100.0,89.4444,100.0,96.3265,97.9592,100.0,97.2441,99.5869,74.4494,77.6786,74.8839,42.5926],"stroke":"#1678a7","width":1.5},{"label":"Rotation signal","values":[null,null,null,null,null,null,null,5.3313,6.5352,6.0384,10.2805,14.0258,16.5864,15.2106,30.5243,42.2349,55.3733,58.8341,67.5773,74.1441,81.9766,90.5376,94.8148,94.8148,91.2963,96.4815,95.257,98.0952,98.0952,98.4011,98.9437,90.4268,83.9049,75.6706,65.0517],"stroke":"#b87806","width":1.4}],"guides":[{"label":"Upper zone","values":[70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0,70.0],"stroke":"#c13f3f","width":1.0,"dash":[6,5]},{"label":"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]},{"label":"Lower zone","values":[30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0,30.0],"stroke":"#07865c","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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/5a760bf9-36fd-4d58-a47d-f43cd267b77b/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/5a760bf9-36fd-4d58-a47d-f43cd267b77b/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/5a760bf9-36fd-4d58-a47d-f43cd267b77b/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/5a760bf9-36fd-4d58-a47d-f43cd267b77b/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/5a760bf9-36fd-4d58-a47d-f43cd267b77b/technical-pack/data.json"},"source_fingerprint":"b8380f8c8a6793d4640011954cadd8fc31595da686bd41a7667f25bbb737391f","content_hash":"2eea96aa5641d3a2246304e94ee3ce264cec4711b1d99937643ce5d016d269ea","citation":"Sharemaestro, MDEC Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/5a760bf9-36fd-4d58-a47d-f43cd267b77b/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."}