{"schema_version":"1.0","name":"MKR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"5f8457b8-f228-4812-86cf-e55a9c1a483a","symbol":"MKR","name":"Manuka Resources Limited Ordina","exchange":"NZE","country":"NZ","asset_type":"equity","currency":"NZD","sector":"Basic Materials","industry":"Other Precious Metals & Mining"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure, Directional strength and control."},{"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":46,"displayedObservations":46,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":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"],"values":[-0.660187,-0.887576,-0.905029,-0.913354,-0.857295,-0.723445,-0.577807,-0.514617,-0.580056,-0.665053,-0.770143,-0.734602,-0.605552,-0.535786,-0.434094,-0.432656,-0.44852,-0.393055],"opens":[0.115,0.127,0.119,0.105,0.106,0.148,0.126,0.115,0.105,0.109,0.094,0.1,0.101,0.105,0.101,0.105,0.098,0.094],"highs":[0.128,0.127,0.119,0.107,0.143,0.16,0.138,0.115,0.105,0.111,0.094,0.1,0.108,0.107,0.106,0.105,0.101,0.113],"lows":[0.113,0.12,0.105,0.105,0.106,0.124,0.124,0.113,0.099,0.105,0.09,0.1,0.101,0.102,0.1,0.095,0.088,0.094],"closes":[0.128,0.12,0.106,0.107,0.143,0.13,0.125,0.113,0.099,0.105,0.09,0.1,0.106,0.103,0.105,0.095,0.091,0.104],"hoverRows":[[{"label":"Open","value":"0.12","className":"is-ohlc","compact":true},{"label":"High","value":"0.13","className":"is-ohlc","compact":true},{"label":"Low","value":"0.11","className":"is-ohlc","compact":true},{"label":"Close","value":"0.13","className":"is-ohlc","compact":true},{"label":"Market 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weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","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":[0.077,0.074,0.114,0.077,0.06,0.062,0.083,0.076,0.086,0.085,0.074,0.082,0.09,0.111,0.157,0.197,0.24,0.23,0.22,0.165,0.14,0.157,0.169,0.16,0.137,0.115,0.115,0.115,0.128,0.12,0.106,0.107,0.143,0.13,0.125,0.113,0.099,0.105,0.09,0.1,0.106,0.103,0.105,0.095,0.091,0.104],"consensus":[38.4615,-75.0,86.0465,-49.3,-64.3512,-31.0533,21.7935,-10.1992,46.2651,9.0988,-38.617,32.8893,43.1029,75.1734,80.3029,88.0447,90.3669,13.7242,35.1701,-12.9562,-42.9629,15.547,0.0,-8.9109,-40.4465,-61.6602,-35.4725,-20.2535,0.0,-34.2869,-50.8274,-13.5909,44.1652,-20.0454,-11.3283,-34.0104,-56.2999,-31.343,-58.7727,-14.7819,0.0,-24.1712,8.8052,-45.2481,-41.3738,-22.5296],"supportDates":["2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","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,-28.3749,43.7412,-10.334,46.951,9.2932,-42.3467,39.6424,51.7556,73.7674,71.449,85.169,93.4104,1.8066,31.6967,-0.1889,-43.2331,35.106,0.0,-11.093,-51.2862,-65.8663,-31.8282,-3.5477,0.0,-48.893,-60.3017,-1.5966,51.2762,-24.7171,-22.47,-51.9814,-63.6101,-35.8318,-66.505,-9.5501,0.0,-30.3247,7.2455,-55.6812,-40.8092,-19.4815],"force":[38.4615,-75.0,86.0465,-49.3,-44.7475,-9.6714,30.2944,-19.0363,45.8784,6.436,-48.4078,39.7549,40.6232,80.7164,90.3948,94.4715,98.2097,49.5285,11.8476,-57.0299,-61.9406,24.5042,0.0,-18.8902,-47.0544,-65.9602,-13.5558,-1.6522,0.0,-23.95,-41.7267,-10.5568,60.8066,-45.2562,-13.3253,-25.562,-46.5571,-4.2258,-48.3759,-12.1918,0.0,-16.4916,24.3921,-44.3946,-37.3351,-65.4634],"direction":[null,null,null,null,-78.3537,-49.3872,9.3617,-3.7329,45.7573,41.2147,-27.361,20.2676,34.9854,72.8208,83.213,86.7406,81.2867,76.6541,72.7236,-3.9339,-29.0986,13.2042,0.0,-0.711,-23.3384,-53.7819,-55.2921,-54.9927,0.0,-24.9775,-46.5002,-44.5472,24.1517,-3.3013,-2.8317,-19.5068,-54.9045,-45.5824,-57.362,-40.028,0.0,-22.6241,0.5456,-33.9342,-44.9038,-4.6537],"intensity":[null,null,null,null,75.0,40.0,50.0,42.8571,50.0,44.4444,60.0,18.1818,16.6667,76.9231,100.0,93.3333,87.5,94.1176,94.4444,84.2105,55.0,42.8571,59.0909,39.1304,54.1667,56.0,42.3077,7.4074,35.7143,17.2414,40.0,35.4839,71.875,51.5152,55.8824,65.7143,36.1111,8.1081,47.3684,28.2051,12.5,2.439,2.381,32.5581,13.6364,44.4444],"confirmation":[34.9744,46.6667,50.2016,38.4427,65.0295,77.3262,31.5624,48.8643,82.7826,6.074,80.599,78.6309,81.5855,92.2458,94.1394,96.414,97.1101,13.6522,35.0686,29.1896,82.3224,30.4335,24.2635,48.6074,80.9791,87.7982,78.7388,29.0872,31.2713,78.4342,83.8431,6.0481,82.5317,53.1493,49.4535,78.352,85.6076,54.4683,86.3726,29.2555,4.9461,75.407,26.0995,82.2944,81.1251,54.8905],"persistence":[null,null,33.3333,0.0,20.0,33.3333,14.2857,25.0,25.0,0.0,25.0,0.0,25.0,50.0,50.0,75.0,75.0,75.0,100.0,75.0,50.0,50.0,37.5,12.5,12.5,37.5,62.5,62.5,50.0,75.0,87.5,87.5,62.5,62.5,62.5,62.5,75.0,75.0,75.0,75.0,87.5,87.5,62.5,62.5,62.5,37.5],"assessmentRisk":[null,null,null,null,5.2686,6.4812,53.2735,2.9438,18.3194,35.6772,1.828,1.2911,10.8933,6.7157,9.8008,5.9751,4.8165,43.1375,32.2398,35.3354,28.4476,57.2578,49.4737,4.4931,15.0211,13.6745,29.9042,36.8873,21.2536,30.2629,3.0019,13.2254,13.054,37.4763,47.8586,36.0268,21.5499,31.3068,19.9926,28.8705,19.5225,4.8508,35.6128,4.7785,19.6727,5.8796],"volumeParticipation":true,"latest":{"consensus":-22.5,"control":-19.5,"force":-65.5,"direction":-4.7,"confirmation":54.9,"persistence":37.5,"assessmentRisk":5.9,"intensity":44.4,"evidenceDepth":100},"analysis":{"status":"Market Dynamics 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":"Market Dynamics","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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-22.5","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-19.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-65.5","detail":"Downward 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