{"schema_version":"1.0","name":"NKE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"61db02bb-53a0-4022-8c1a-93fcdaeda1c7","symbol":"NKE","name":"NIKE, Inc.","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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary pressure, 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":"2026-08-14","observations":34,"displayedObservations":34,"assetType":"ETF","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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.095059,0.16689,0.228283,0.244544,0.233324,0.209601],"opens":[7.74,8.04,7.89,7.56,7.45,7.48],"highs":[8.01,8.07,7.89,7.82,7.64,7.57],"lows":[7.74,7.65,7.3,7.41,7.35,7.27],"closes":[7.97,7.86,7.48,7.49,7.48,7.33],"hoverRows":[[{"label":"Open","value":"7.74","className":"is-ohlc","compact":true},{"label":"High","value":"8.01","className":"is-ohlc","compact":true},{"label":"Low","value":"7.74","className":"is-ohlc","compact":true},{"label":"Close","value":"7.97","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":"8.04","className":"is-ohlc","compact":true},{"label":"High","value":"8.07","className":"is-ohlc","compact":true},{"label":"Low","value":"7.65","className":"is-ohlc","compact":true},{"label":"Close","value":"7.86","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":"7.89","className":"is-ohlc","compact":true},{"label":"High","value":"7.89","className":"is-ohlc","compact":true},{"label":"Low","value":"7.30","className":"is-ohlc","compact":true},{"label":"Close","value":"7.48","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":"7.56","className":"is-ohlc","compact":true},{"label":"High","value":"7.82","className":"is-ohlc","compact":true},{"label":"Low","value":"7.41","className":"is-ohlc","compact":true},{"label":"Close","value":"7.49","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":"7.45","className":"is-ohlc","compact":true},{"label":"High","value":"7.64","className":"is-ohlc","compact":true},{"label":"Low","value":"7.35","className":"is-ohlc","compact":true},{"label":"Close","value":"7.48","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":"7.48","className":"is-ohlc","compact":true},{"label":"High","value":"7.57","className":"is-ohlc","compact":true},{"label":"Low","value":"7.27","className":"is-ohlc","compact":true},{"label":"Close","value":"7.33","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":[7.2916,8.0084],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"easing","fourWeekDirection":"strengthening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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":"2026-08-14","observations":26,"relationship":{"sameWeekCorrelation":-0.14,"forwardCorrelation":0.02,"directionalAgreement":0.0,"sample":2,"correlationSample":25,"label":"Variable 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":-6.1,"averageReturn":-6.1,"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":-1.4,"sample":1},{"week":2,"averageReturn":-6.1,"sample":1},{"week":3,"averageReturn":-6.0,"sample":1},{"week":4,"averageReturn":-6.1,"sample":1},{"week":5,"averageReturn":-8.0,"sample":1},{"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":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":3.3,"averageExpectedMove":3.3,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-6.9,"medianReturn":-7.1,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-34.6,"medianReturn":-34.6,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.2,"sample":3},{"week":2,"averageReturn":-5.8,"sample":3},{"week":3,"averageReturn":-5.8,"sample":3},{"week":4,"averageReturn":-6.9,"sample":3},{"week":5,"averageReturn":-9.0,"sample":3},{"week":6,"averageReturn":-13.5,"sample":3},{"week":7,"averageReturn":-16.5,"sample":3},{"week":8,"averageReturn":-17.6,"sample":2},{"week":9,"averageReturn":-18.8,"sample":2},{"week":10,"averageReturn":-19.6,"sample":2},{"week":11,"averageReturn":-31.1,"sample":1},{"week":12,"averageReturn":-34.6,"sample":1},{"week":13,"averageReturn":-30.3,"sample":1},{"week":14,"averageReturn":-27.8,"sample":1},{"week":15,"averageReturn":-31.0,"sample":1},{"week":16,"averageReturn":-32.0,"sample":1},{"week":17,"averageReturn":-35.3,"sample":1},{"week":18,"averageReturn":-35.2,"sample":1},{"week":19,"averageReturn":-35.3,"sample":1},{"week":20,"averageReturn":-36.6,"sample":1},{"week":21,"sample":0},{"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":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":4.4,"averageExpectedMove":4.4,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-10.4,"medianReturn":-12.0,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-23.9,"medianReturn":-23.9,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.3,"sample":4},{"week":2,"averageReturn":0.7,"sample":4},{"week":3,"averageReturn":-3.4,"sample":4},{"week":4,"averageReturn":-10.4,"sample":3},{"week":5,"averageReturn":-13.8,"sample":3},{"week":6,"averageReturn":-12.5,"sample":3},{"week":7,"averageReturn":-17.4,"sample":3},{"week":8,"averageReturn":-18.9,"sample":3},{"week":9,"averageReturn":-24.4,"sample":2},{"week":10,"averageReturn":-27.5,"sample":2},{"week":11,"averageReturn":-25.0,"sample":2},{"week":12,"averageReturn":-23.9,"sample":2},{"week":13,"averageReturn":-27.5,"sample":2},{"week":14,"averageReturn":-25.8,"sample":2},{"week":15,"averageReturn":-26.3,"sample":2},{"week":16,"averageReturn":-28.0,"sample":2},{"week":17,"averageReturn":-28.5,"sample":2},{"week":18,"averageReturn":-30.9,"sample":2},{"week":19,"averageReturn":-32.7,"sample":1},{"week":20,"averageReturn":-32.8,"sample":1},{"week":21,"averageReturn":-34.2,"sample":1},{"week":22,"sample":0},{"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":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price structure is downward","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":[],"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"],"close":[10.6674,11.2433,11.6824,11.4385,11.5165,10.97,11.2823,11.1359,11.5556,11.176,10.33,9.8,9.52,9.31,7.9389,7.6515,8.2561,8.0083,8.03,7.96,7.56,8.05,8.34,7.75,8.09,8.18,7.37,7.92,7.97,7.86,7.48,7.49,7.48,7.33],"consensus":[78.1252,57.576,80.7227,-27.5738,49.3022,-26.0925,17.227,-10.4408,30.1974,-10.2915,-65.4881,-69.382,-64.1184,-60.1718,-84.6637,-69.6253,0.0,-60.6475,-27.8572,-20.2916,-65.3778,8.1884,10.6869,-43.5427,-11.2741,0.0,-43.4079,12.1146,0.0,-21.1896,-37.444,-28.2219,-22.9777,-40.8219],"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,-30.3304,31.0961,-2.209,31.0343,-17.9562,-58.7946,-64.3802,-60.252,-59.3755,-80.7377,-63.661,0.0,-58.694,-34.6129,-22.6636,-68.5134,13.8869,7.5606,-54.2428,-27.0288,0.0,-40.1087,16.3177,0.0,-20.3974,-47.1158,-31.1037,-21.4081,-42.4497],"force":[78.1252,57.576,80.7227,-27.5738,16.653,-35.0513,19.1715,-27.7876,33.6487,-26.2023,-83.3983,-75.4942,-57.6415,-42.617,-95.4306,-62.5054,0.0,-57.6917,-1.5518,-2.2183,-66.8435,55.3126,43.9045,-31.8604,-5.9459,0.0,-36.8835,35.3325,0.0,-20.3894,-45.347,-14.4715,-9.4184,-41.1143],"direction":[null,null,null,null,72.6231,-14.8499,0.0123,-7.4581,26.7757,-9.8329,-60.3449,-70.7324,-73.1635,-73.621,-81.4598,-81.5274,0.0,-64.9913,-41.1426,-33.6594,-60.7473,31.9843,9.4669,-39.6585,-5.5688,0.0,-51.8386,9.2731,0.0,-22.6666,-20.7456,-34.7502,-34.4569,-38.7527],"intensity":[null,null,null,null,25.0,80.0,33.3333,28.5714,100.0,77.7778,100.0,90.9091,33.3333,23.0769,100.0,100.0,62.5,41.1765,16.6667,21.0526,50.0,57.1429,59.0909,82.6087,50.0,4.0,88.4615,62.963,3.5714,6.8966,40.0,9.6774,25.0,21.2121],"confirmation":[47.6667,41.091,48.4979,31.4903,59.6175,76.558,50.6965,26.6618,77.7556,28.4258,89.604,90.4647,88.3794,86.7321,95.4803,90.154,14.425,87.3469,53.5795,51.5777,88.9178,33.4596,6.4994,81.4146,26.778,26.6002,81.742,29.1652,3.7848,74.7684,80.0756,76.568,74.9636,55.0],"persistence":[null,null,100.0,50.0,60.0,33.3333,42.8571,25.0,25.0,0.0,25.0,25.0,50.0,50.0,75.0,75.0,87.5,87.5,87.5,87.5,87.5,62.5,37.5,37.5,50.0,37.5,37.5,12.5,0.0,25.0,50.0,50.0,50.0,62.5],"assessmentRisk":[null,null,null,null,24.8548,15.703,47.1077,28.2615,9.8189,29.8793,15.8142,15.0357,17.9318,19.8999,7.6621,15.1802,47.4164,19.1096,22.8917,38.442,12.0611,0.1557,21.793,1.5567,44.9508,9.7699,25.7077,12.6504,14.6481,23.1355,32.2051,25.5714,30.6706,23.5774],"volumeParticipation":true,"latest":{"consensus":-40.8,"control":-42.4,"force":-41.1,"direction":-38.8,"confirmation":55.0,"persistence":62.5,"assessmentRisk":23.6,"intensity":21.2,"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 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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-40.8","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-42.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-41.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-38.8","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":"44.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"7.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"30.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"2%","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":[10.6674,11.2433,11.6824,11.4385,11.5165,10.97,11.2823,11.1359,11.5556,11.176,10.33,9.8,9.52,9.31,7.9389,7.6515,8.2561,8.0083,8.03,7.96,7.56,8.05,8.34,7.75,8.09,8.18,7.37,7.92,7.97,7.86,7.48,7.49,7.48,7.33],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,11.1174,11.0906,11.1254,11.1273,11.2052,11.1999,11.0417,10.816,10.5803,10.3494,9.9111,9.5003,9.2741,9.0439,8.8596,8.696,8.4895,8.4096,8.3969,8.2793,8.2449,8.2331,8.0762,8.0478,8.0336,8.0021,7.9071,7.8313,7.7674,7.6879],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10.7608,10.6534,10.4523,10.2448,10.0975,9.9428,9.8011,9.6647,9.5088,9.4007,9.3222,9.2057,9.1231,9.0532,8.9285,8.8538,8.7884,8.7196,8.6278,8.5435,8.4647,8.3807],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,11.84,11.949,12.1262,12.2575,12.3487,12.695,12.9124,12.9237,12.935,12.9176,12.89,12.8968,12.7561,12.4934,12.2606,11.9511,11.7088,11.3869,11.0167,10.438,9.8433,9.4254,9.0914,8.767,8.426],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,10.6936,10.4143,10.0068,9.6376,9.3124,8.5806,7.9899,7.7204,7.4519,7.2417,7.0573,6.7398,6.5611,6.4896,6.3535,6.3204,6.2837,6.2144,6.2629,6.483,6.7462,6.879,6.9821,7.1024,7.2455],"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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,-2.0885,-1.4202,-6.0986,-3.4252,-4.6784,-1.086,-4.3351,-11.5767,-16.1135,-18.5102,-20.3078,-32.044,-34.5043,-29.3291,-31.4501,-31.2644,-31.8636,-35.2875,-31.0932,-28.6108,-33.6612,-30.7508,-29.9804,-36.9139,-32.206,-31.778,-32.7196,-35.9723,-35.8867,-35.9723,-37.2563],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,4.3916,8.3257,4.7675,0.0,0.0,0.0,0.0,0.0,0.0,7.9015,4.6632,4.9467,4.0319,0.0,6.4815,10.3175,2.5132,7.0106,8.2011,0.0,7.4627,8.1411,6.6486,1.4925,1.6282,1.4925,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,263.0019,50.8246,37.2822,88.6593,120.8767,138.7134,82.8265,291.3106,166.1867,348.2388,141.3847,127.1823,102.6657,129.1535,91.9762,120.7982,16.69,19.2617,1.7282,46.7287,2.3,33.2653,108.4062,113.2702,96.9189,184.6266,171.6359],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,95.9282,102.5207,97.9998,87.3695,72.596,65.0,65.0,65.0,65.0,82.8015,75.3938,82.1596,76.6903,69.5355,74.7256,81.538,80.6092,81.6694,81.7627,79.2115,79.3253,80.9671,75.3841,69.3828,74.5641,65.0,65.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"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":"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,58.0111,74.3719,54.8285,11.2696,2.5937,2.6889,1.79,4.5964,1.333,15.8199,10.3269,10.8078,9.256,0.8824,11.6912,18.0883,5.0735,12.5736,14.5589,3.1035,14.4828,15.5173,13.2414,5.3793,5.5862,5.3793,2.2759],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-6.2449,-4.1296,-7.2786,-14.2975,-18.6946,-21.0176,-22.7599,-34.1349,-36.5195,-31.5036,-33.5593,-33.3793,-33.9601,-37.2787,-33.2134,-30.8074,-35.7024,-32.8816,-32.1349,-38.855,-34.292,-33.8771,-34.7897,-37.9424,-37.8594,-37.9424,-39.1869],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,10.1351,14.2857,10.5317,2.1647,0.616,0.7407,0.54,2.5608,0.7833,9.4612,6.1761,6.4637,5.5356,0.5319,7.0479,10.9043,3.0585,7.5798,8.7766,2.0776,9.6953,10.3878,8.8643,3.6011,3.7396,3.6011,1.5235],"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],"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 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,7.1174,9.3288,9.3209,8.7502,8.792,8.48,8.2486,8.4993,7.8732,7.5877,8.1627,7.7555,7.2795,8.4329,7.8188,7.4568,7.4027,7.7866,7.6118,7.3544,7.2612],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,10.1757,13.7253,19.1521,23.9311,28.0345,38.6779,47.1005,50.4095,53.79,56.3107,58.4805,62.7098,64.1396,63.2542,63.4698,61.6336,60.3047,58.7744,55.0221,46.7466,37.3377,31.2356,26.2467,20.9788,15.0657],"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"]},{"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,35.2944,33.9897,32.6758,31.5955,31.1138,30.6665,30.3441,30.1725],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,10.1372,8.422,8.1211,11.7565,11.402,10.9475,10.5426,10.0035,10.3188,15.3533,14.2612,18.3611,17.9647,15.9826,20.7776,20.7043,19.6368,18.2159,17.2802,16.6296,15.96],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,20.7788,31.9163,32.2647,29.5771,28.1794,27.7792,28.6011,29.1395,27.4318,25.5121,26.4072,24.7236,25.2694,31.4458,29.3058,28.3548,27.9977,30.2642,28.7096,28.4076,28.3375],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/61db02bb-53a0-4022-8c1a-93fcdaeda1c7/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/61db02bb-53a0-4022-8c1a-93fcdaeda1c7/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/61db02bb-53a0-4022-8c1a-93fcdaeda1c7/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/61db02bb-53a0-4022-8c1a-93fcdaeda1c7/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/61db02bb-53a0-4022-8c1a-93fcdaeda1c7/technical-pack/data.json"},"source_fingerprint":"e2c7272f7221047b933f6c27d3a2f0849e316dd477b9f3d6c846058ed70f44a2","content_hash":"36c3f3868460c296baf626d799bccca03d6d0ef9f94c9b3a1eecd28d49a42388","citation":"Sharemaestro, NKE Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/61db02bb-53a0-4022-8c1a-93fcdaeda1c7/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."}