{"schema_version":"1.0","name":"KLRA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"5aad7a09-fe4a-41af-9f48-13cdece5f3e5","symbol":"KLRA","name":"Kailera Therapeutics, Inc. Common Stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Healthcare","industry":"Biotechnology"},"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":"2026-08-14","observations":18,"displayedObservations":18,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","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"],"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],"opens":[26.0,26.5,22.26,24.945,21.52,21.04,21.32,22.89,19.53,19.32,20.12,20.85,22.01,20.51,18.74,18.1,17.06,18.63],"highs":[27.5,28.2271,25.55,25.7,23.62,21.72,24.19,23.98,20.765,20.49,22.94,22.39,23.8236,20.51,18.98,18.7551,19.29,19.51],"lows":[23.7,22.1001,20.865,21.22,20.75,19.01,20.63,18.85,18.69,18.5,19.525,20.3,19.9,17.61,16.76,16.39,16.71,17.47],"closes":[26.0,22.47,25.15,21.47,21.04,21.17,22.94,19.37,18.89,19.9,20.83,21.99,20.68,18.55,17.69,16.94,18.66,17.94],"hoverRows":[[{"label":"Open","value":"26.0","className":"is-ohlc","compact":true},{"label":"High","value":"27.5","className":"is-ohlc","compact":true},{"label":"Low","value":"23.7","className":"is-ohlc","compact":true},{"label":"Close","value":"26.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"26.5","className":"is-ohlc","compact":true},{"label":"High","value":"28.2","className":"is-ohlc","compact":true},{"label":"Low","value":"22.1","className":"is-ohlc","compact":true},{"label":"Close","value":"22.5","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":"22.3","className":"is-ohlc","compact":true},{"label":"High","value":"25.6","className":"is-ohlc","compact":true},{"label":"Low","value":"20.9","className":"is-ohlc","compact":true},{"label":"Close","value":"25.1","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":"20.9","className":"is-ohlc","compact":true},{"label":"High","value":"22.4","className":"is-ohlc","compact":true},{"label":"Low","value":"20.3","className":"is-ohlc","compact":true},{"label":"Close","value":"22.0","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":"22.0","className":"is-ohlc","compact":true},{"label":"High","value":"23.8","className":"is-ohlc","compact":true},{"label":"Low","value":"19.9","className":"is-ohlc","compact":true},{"label":"Close","value":"20.7","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":"20.5","className":"is-ohlc","compact":true},{"label":"High","value":"20.5","className":"is-ohlc","compact":true},{"label":"Low","value":"17.6","className":"is-ohlc","compact":true},{"label":"Close","value":"18.6","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":"18.7","className":"is-ohlc","compact":true},{"label":"High","value":"19.0","className":"is-ohlc","compact":true},{"label":"Low","value":"16.8","className":"is-ohlc","compact":true},{"label":"Close","value":"17.7","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":"18.1","className":"is-ohlc","compact":true},{"label":"High","value":"18.8","className":"is-ohlc","compact":true},{"label":"Low","value":"16.4","className":"is-ohlc","compact":true},{"label":"Close","value":"16.9","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":"17.1","className":"is-ohlc","compact":true},{"label":"High","value":"19.3","className":"is-ohlc","compact":true},{"label":"Low","value":"16.7","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":"18.6","className":"is-ohlc","compact":true},{"label":"High","value":"19.5","className":"is-ohlc","compact":true},{"label":"Low","value":"17.5","className":"is-ohlc","compact":true},{"label":"Close","value":"17.9","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":[16.3964,26.5436],"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":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":26.0}],"reversal_dangers":[{"date":"2026-04-24","price":22.47}]}},"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"],"close":[26.0,22.47,25.15,21.47,21.04,21.17,22.94,19.37,18.89,19.9,20.83,21.99,20.68,18.55,17.69,16.94,18.66,17.94],"consensus":[21.0526,-87.9256,82.9242,-51.5268,-52.8414,-14.7379,0.0,-53.5054,-40.0234,0.0,0.0,23.052,-18.2141,-40.7225,-38.9821,-45.4882,0.0,-25.2671],"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"],"control":[null,null,null,null,null,-7.7463,0.0,-52.7902,-42.6007,0.0,0.0,19.5372,-25.4146,-42.4922,-34.2056,-41.3106,0.0,-30.5661],"force":[21.0526,-87.9256,82.9242,-51.5268,-22.17,-4.7215,0.0,-62.6006,-24.0616,0.0,0.0,36.9557,-30.4249,-38.6891,-27.1338,-32.2965,0.0,-20.4826],"direction":[null,null,null,null,-74.7495,-36.6278,0.0,-47.8262,-48.4793,0.0,0.0,17.1378,-1.2629,-40.1523,-52.904,-59.6853,0.0,-22.6288],"intensity":[null,null,null,null,25.0,20.0,50.0,85.7143,62.5,11.1111,40.0,18.1818,25.0,76.9231,28.5714,6.6667,37.5,11.7647],"confirmation":[29.4035,50.8029,49.2024,39.1552,60.8404,27.9035,27.8101,85.4098,80.2818,7.268,5.4658,75.8539,51.4243,80.9423,80.186,82.2179,29.4635,55.0],"persistence":[null,null,33.3333,0.0,20.0,33.3333,28.5714,37.5,62.5,50.0,62.5,37.5,37.5,37.5,50.0,50.0,37.5,50.0],"assessmentRisk":[null,null,null,null,21.397,17.3714,36.1552,7.7336,16.4119,22.9395,34.3458,30.3624,43.8992,8.4927,27.1416,27.0356,44.6488,6.5316],"volumeParticipation":true,"latest":{"consensus":-25.3,"control":-30.6,"force":-20.5,"direction":-22.6,"confirmation":55.0,"persistence":50.0,"assessmentRisk":6.5,"intensity":11.8,"evidenceDepth":69},"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","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 easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-25.3","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-30.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-20.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-22.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"18.3","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"18.0%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"13%","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 downward.","series":[{"label":"Close","values":[26.0,22.47,25.15,21.47,21.04,21.17,22.94,19.37,18.89,19.9,20.83,21.99,20.68,18.55,17.69,16.94,18.66,17.94],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,23.9693,23.4603,23.3657,22.6392,21.9576,21.5835,21.4465,21.5453,21.388,20.872,20.2934,19.6837,19.4976,19.2144],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,23.0632,22.7289,22.3557,21.9545,21.7105,21.4312],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,26.297,26.0372,25.877,25.6744,25.6307,25.6555,25.7179,25.5639,25.4538],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,17.383,17.4591,17.6597,17.6948,17.2908,16.7632,16.1671,16.0525,15.844],"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"]},{"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,-13.5769,11.927,-14.6322,-2.0028,0.6179,8.3609,-15.5623,-2.4781,5.3467,4.6734,5.5689,-5.9573,-10.2998,-4.6361,-4.2397,10.1535,-3.8585],"stroke":"#176fa3","width":1.7},{"label":"Cumulative 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range","values":[14.6154,27.2675,18.6282,20.8663,13.6407,12.8011,15.5187,26.4843,10.9846,10.0,16.3946,9.5043,18.9729,15.6334,12.5495,13.9616,13.8264,11.3712],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[0.0,-15.2075,12.9829,-13.9306,-2.2305,0.6179,7.5985,-15.3779,-3.277,3.0021,3.5288,5.4676,-6.0427,-9.5563,-5.603,-6.4088,9.3787,-3.7037],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while 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