{"schema_version":"1.0","name":"478A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5fced86b-3cc7-4d46-b866-19c17c1c347a","symbol":"478A","name":"HUTZPER INC","exchange":"JPX","country":"JP","asset_type":"equity","currency":"JPY","sector":"Technology","industry":"Software - Infrastructure"},"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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, 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":"2026-08-21","observations":35,"displayedObservations":35,"assetType":"Equity","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":[-0.046223,-0.01239,0.040535,0.167838,0.259206,0.365304,0.510099],"opens":[763.0,738.0,716.0,750.0,779.0,767.0,784.0],"highs":[776.0,738.0,740.0,768.0,779.0,811.0,801.0],"lows":[752.0,693.0,713.0,725.0,733.0,701.0,756.0],"closes":[758.0,714.0,738.0,765.0,762.0,789.0,795.0],"hoverRows":[[{"label":"Open","value":"763.0","className":"is-ohlc","compact":true},{"label":"High","value":"776.0","className":"is-ohlc","compact":true},{"label":"Low","value":"752.0","className":"is-ohlc","compact":true},{"label":"Close","value":"758.0","className":"is-ohlc","compact":true},{"label":"Market 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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":"strengthening","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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 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tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+23.6","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+22.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+20.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+27.0","detail":"Upward follow-through","tone":"positive"},{"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":"51.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"10.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"25.5","detail":"Directional","tone":"positive"},{"label":"Range position","value":"44%","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":[1213.0,1250.0,1129.0,1147.0,1191.0,1034.0,1043.0,861.0,754.0,764.0,814.0,869.0,882.0,734.0,725.0,733.0,854.0,813.0,867.0,900.0,802.0,778.0,732.0,727.0,697.0,725.0,701.0,760.0,758.0,714.0,738.0,765.0,762.0,789.0,795.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,1192.6425,1163.7984,1141.8351,1090.7741,1029.5425,981.262,950.8508,935.9688,926.1563,891.2188,860.9972,837.725,840.6841,835.6506,841.3505,852.014,842.9206,831.1168,813.0956,797.4418,779.1797,769.3288,756.9054,757.4681,757.5648,749.6439,747.5268,750.7038,752.7576,759.3472,765.8295],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,1049.7047,1026.3191,1003.9992,983.9252,974.3011,962.3529,955.2897,951.1942,940.1427,928.1322,913.6039,899.7814,884.7605,872.9264,860.1911,852.7695,845.7496,835.9904,828.7318,824.0109,819.4175,817.1644,815.5226],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,1388.5934,1376.0023,1358.1221,1341.1429,1336.2628,1329.446,1320.1305,1306.1359,1293.5498,1281.7088,1271.55,1228.9619,1168.6719,1132.7883,1084.4861,1008.0301,968.811,916.0162,906.7738,906.8098,907.5853,903.9451,891.3877,874.0059,876.3417,878.7155],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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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,-100.7198,-110.4089,-117.4597,-121.0072,-112.7551,-108.2755,-99.2242,-88.3695,-86.6757,-86.2755,-88.6482,-89.8958,-92.242,-90.7953,-90.5417,-84.6047,-79.1485,-77.4818,-73.3784,-67.1734,-61.7858,-54.7068,-48.0584],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-109.5077,-109.2613,-107.2539,-103.477,-100.1167,-97.3485,-95.6084,-94.4659,-94.0211,-93.376,-92.8091,-91.1682,-88.7643,-86.5078,-83.8819,-80.5402,-76.7893,-72.3728,-67.5099],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-3.2474,0.9858,8.0296,15.1075,13.441,11.073,6.9602,4.5701,1.7792,2.5806,2.2674,6.5635,9.6157,9.026,10.5035,13.3668,15.0035,17.6661,19.4515],"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":"drawdown","eyebrow":"Path 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