{"schema_version":"1.0","name":"0138T0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"68a316c2-8011-46b6-917e-02ded814bb12","symbol":"0138T0","name":"KB Rise US S&P500 10% Daily Fixed Covered Call ETF","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","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, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control, Drawdown and recovery pressure."},{"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":[0.044877,0.023364,-0.14961,-0.310961,-0.450616,-0.561428,-0.587885],"opens":[10144.586387,10139.714547,10054.391848,9738.185099,9565.259254,9861.70339,9970.0],"highs":[10227.419225,10203.05731,10064.27389,9866.644107,9960.518292,9980.0,9970.0],"lows":[10129.968827,9945.695907,9713.481815,9456.563846,9565.259254,9772.770467,9480.0],"closes":[10139.713867,10064.273438,9723.363281,9565.259766,9792.533203,9865.0,9545.0],"hoverRows":[[{"label":"Open","value":"10,145","className":"is-ohlc","compact":true},{"label":"High","value":"10,227","className":"is-ohlc","compact":true},{"label":"Low","value":"10,130","className":"is-ohlc","compact":true},{"label":"Close","value":"10,140","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":"10,140","className":"is-ohlc","compact":true},{"label":"High","value":"10,203","className":"is-ohlc","compact":true},{"label":"Low","value":"9,946","className":"is-ohlc","compact":true},{"label":"Close","value":"10,064","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":"10,054","className":"is-ohlc","compact":true},{"label":"High","value":"10,064","className":"is-ohlc","compact":true},{"label":"Low","value":"9,713","className":"is-ohlc","compact":true},{"label":"Close","value":"9,723","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":"9,738","className":"is-ohlc","compact":true},{"label":"High","value":"9,867","className":"is-ohlc","compact":true},{"label":"Low","value":"9,457","className":"is-ohlc","compact":true},{"label":"Close","value":"9,565","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":"9,565","className":"is-ohlc","compact":true},{"label":"High","value":"9,961","className":"is-ohlc","compact":true},{"label":"Low","value":"9,565","className":"is-ohlc","compact":true},{"label":"Close","value":"9,793","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":"9,862","className":"is-ohlc","compact":true},{"label":"High","value":"9,980","className":"is-ohlc","compact":true},{"label":"Low","value":"9,773","className":"is-ohlc","compact":true},{"label":"Close","value":"9,865","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":"9,970","className":"is-ohlc","compact":true},{"label":"High","value":"9,970","className":"is-ohlc","compact":true},{"label":"Low","value":"9,480","className":"is-ohlc","compact":true},{"label":"Close","value":"9,545","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":[9509.317168,10175.396699],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"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 weakened this week and remains below zero.","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":0.16,"forwardCorrelation":0.05,"directionalAgreement":66.7,"sample":3,"correlationSample":26,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"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,"averageReturn":2.4,"sample":1},{"week":2,"averageReturn":3.1,"sample":1},{"week":3,"averageReturn":-0.2,"sample":1},{"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":-3.4,"averageReturn":-3.4,"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":-0.7,"sample":1},{"week":2,"averageReturn":-4.1,"sample":1},{"week":3,"averageReturn":-5.7,"sample":1},{"week":4,"averageReturn":-3.4,"sample":1},{"week":5,"averageReturn":-2.7,"sample":1},{"week":6,"averageReturn":-5.9,"sample":1},{"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":3,"activeEpisodes":0,"medianExpectedMove":11.6,"averageExpectedMove":11.4,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":3.7,"medianReturn":5.2,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":6.7,"medianReturn":5.6,"confidenceLow":43.9,"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":0.3,"sample":3},{"week":2,"averageReturn":0.4,"sample":3},{"week":3,"averageReturn":2.1,"sample":3},{"week":4,"averageReturn":3.7,"sample":3},{"week":5,"averageReturn":4.5,"sample":3},{"week":6,"averageReturn":6.5,"sample":3},{"week":7,"averageReturn":6.9,"sample":3},{"week":8,"averageReturn":7.2,"sample":3},{"week":9,"averageReturn":7.1,"sample":3},{"week":10,"averageReturn":6.5,"sample":3},{"week":11,"averageReturn":7.5,"sample":3},{"week":12,"averageReturn":6.7,"sample":3},{"week":13,"averageReturn":3.9,"sample":3},{"week":14,"averageReturn":6.9,"sample":2},{"week":15,"averageReturn":5.4,"sample":2},{"week":16,"averageReturn":2.8,"sample":2},{"week":17,"averageReturn":4.5,"sample":1},{"week":18,"averageReturn":5.3,"sample":1},{"week":19,"averageReturn":1.8,"sample":1},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-1.8,"medianReturn":-1.8,"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":-1.6,"sample":1},{"week":2,"averageReturn":0.7,"sample":1},{"week":3,"averageReturn":1.5,"sample":1},{"week":4,"averageReturn":-1.8,"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}]},"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":3,"activeEpisodes":1,"medianExpectedMove":13.1,"averageExpectedMove":11.7,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":3,"expectedPercent":75.0,"averageReturn":2.2,"medianReturn":2.8,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":7.1,"medianReturn":8.9,"confidenceLow":43.9,"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":4},{"week":2,"averageReturn":-0.2,"sample":4},{"week":3,"averageReturn":1.3,"sample":4},{"week":4,"averageReturn":2.2,"sample":4},{"week":5,"averageReturn":2.1,"sample":4},{"week":6,"averageReturn":5.7,"sample":3},{"week":7,"averageReturn":7.1,"sample":3},{"week":8,"averageReturn":8.7,"sample":3},{"week":9,"averageReturn":8.9,"sample":3},{"week":10,"averageReturn":9.3,"sample":3},{"week":11,"averageReturn":7.0,"sample":3},{"week":12,"averageReturn":7.1,"sample":3},{"week":13,"averageReturn":7.8,"sample":3},{"week":14,"averageReturn":7.9,"sample":3},{"week":15,"averageReturn":7.8,"sample":3},{"week":16,"averageReturn":8.8,"sample":2},{"week":17,"averageReturn":6.7,"sample":2},{"week":18,"averageReturn":6.3,"sample":1},{"week":19,"averageReturn":4.6,"sample":1},{"week":20,"averageReturn":7.1,"sample":1},{"week":21,"averageReturn":7.9,"sample":1},{"week":22,"averageReturn":4.4,"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":"negative","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":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"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":[9275.376,9218.9053,9350.6709,9529.4961,9416.5547,9249.9941,9273.7725,9145.3662,9259.5059,9175.8682,9372.7344,9319.916,9243.0898,9209.4795,9247.4023,9313.96,9579.8799,9691.8965,9721.1182,9959.7627,10276.0527,10389.8467,10459.1123,10696.5938,10207.1045,10315.5859,10192.3115,10414.2051,10139.7139,10064.2734,9723.3633,9565.2598,9792.5332,9865.0,9545.0],"consensus":[-36.2319,15.3846,22.2226,41.4289,11.9217,-16.5863,0.0,-37.9391,0.0,-20.4073,31.7477,13.4093,-15.3125,0.0,0.0,18.4742,46.8115,39.483,28.5524,56.7871,73.0962,59.3539,53.7753,56.6546,0.0,13.7064,-10.5605,15.0903,-18.9155,-18.2999,-60.8609,-51.7857,0.0,0.0,-52.5584],"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,-24.3674,0.0,-34.1966,0.0,-21.0031,35.1185,10.341,-18.8938,0.0,0.0,26.2682,45.5759,36.6127,20.7162,52.2096,72.3379,62.4902,54.8131,56.4307,0.0,12.6242,-10.6893,22.0237,-27.0499,-12.8995,-61.7681,-48.8132,0.0,0.0,-54.4367],"force":[-36.2319,15.3846,22.2226,41.4289,18.2896,-17.1104,0.0,-37.3053,0.0,-20.0001,41.8663,11.5726,-20.7914,0.0,0.0,24.2531,55.9247,30.2809,12.0809,63.9222,87.4224,46.0381,34.5954,39.4987,0.0,3.4188,-32.3454,1.8883,-33.4506,-27.054,-75.32,-49.0143,0.0,0.0,-60.5545],"direction":[null,null,null,null,33.5011,-7.3192,0.0,-42.6689,0.0,-20.0172,20.6677,18.2279,-7.306,0.0,0.0,5.439,41.7143,49.3363,49.2734,56.922,63.73,65.2807,66.2893,69.1646,0.0,27.1755,-5.1474,16.5965,-0.7634,-18.2189,-49.4961,-57.1625,0.0,0.0,-44.7004],"intensity":[null,null,null,null,25.0,100.0,16.6667,28.5714,25.0,44.4444,80.0,90.9091,16.6667,15.3846,42.8571,53.3333,100.0,88.2353,22.2222,84.2105,100.0,52.381,68.1818,78.2609,95.8333,36.0,34.6154,70.3704,78.5714,55.1724,86.6667,70.9677,62.5,54.5455,79.4118],"confirmation":[34.2609,27.5897,29.7779,35.9239,8.2865,50.5383,24.1683,80.1782,24.7742,74.5088,78.4163,72.2818,50.3457,24.9125,26.0712,51.3024,83.2763,80.3979,76.7542,86.4591,91.839,86.5396,84.6078,85.61,6.242,49.9433,50.4728,49.6542,51.8682,74.205,87.9023,84.5323,31.7392,4.116,55.0],"persistence":[null,null,33.3333,50.0,60.0,33.3333,28.5714,12.5,25.0,0.0,0.0,0.0,25.0,12.5,12.5,12.5,25.0,50.0,50.0,50.0,75.0,87.5,100.0,100.0,87.5,87.5,62.5,62.5,37.5,12.5,12.5,37.5,37.5,50.0,50.0],"assessmentRisk":[null,null,null,null,34.924,19.5033,25.5103,30.8268,39.4781,17.3229,16.2889,37.5418,0.9475,17.6756,40.1908,11.8869,26.143,30.2193,35.705,21.6038,13.4498,20.321,23.1119,21.6721,16.5166,25.18,38.3343,51.7864,5.1294,31.6996,17.6201,24.015,44.5949,31.5234,5.9697],"volumeParticipation":true,"latest":{"consensus":-52.6,"control":-54.4,"force":-60.6,"direction":-44.7,"confirmation":55.0,"persistence":50.0,"assessmentRisk":6.0,"intensity":79.4,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-52.6","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-54.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-60.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-44.7","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":"42.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"20.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"35%","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":[9275.376,9218.9053,9350.6709,9529.4961,9416.5547,9249.9941,9273.7725,9145.3662,9259.5059,9175.8682,9372.7344,9319.916,9243.0898,9209.4795,9247.4023,9313.96,9579.8799,9691.8965,9721.1182,9959.7627,10276.0527,10389.8467,10459.1123,10696.5938,10207.1045,10315.5859,10192.3115,10414.2051,10139.7139,10064.2734,9723.3633,9565.2598,9792.5332,9865.0,9545.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,9342.3887,9325.5897,9316.1683,9285.1134,9280.4575,9261.4413,9281.6764,9288.629,9280.3492,9267.4638,9263.8162,9272.9333,9328.7418,9394.7699,9454.1059,9546.0435,9678.7725,9808.0587,9926.4321,10066.4615,10092.0329,10132.6789,10143.5212,10192.7365,10183.096,10161.4919,10081.8321,9987.9099,9952.3869,9936.4983,9865.3168],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,9283.6366,9278.1434,9275.8663,9278.6881,9300.9986,9329.954,9358.9291,9403.4353,9468.0736,9536.3531,9604.7056,9685.5862,9724.2172,9768.0223,9799.4511,9844.9885,9866.82,9881.4462,9869.7363,9847.1825,9843.1344,9844.7541,9822.5501],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,9507.7806,9510.6128,9503.812,9493.7201,9485.3539,9477.0444,9473.228,9531.3926,9609.0406,9673.9174,9793.409,9995.2814,10182.5579,10352.9424,10554.6291,10625.4421,10703.5992,10752.6433,10818.3943,10840.5719,10839.561,10830.7552,10817.5777,10792.5001,10756.1402,10724.1629],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9071.3213,9083.6134,9094.2147,9095.7029,9091.8931,9094.7065,9102.0335,9078.2511,9043.6114,9020.2917,8962.0659,8860.2611,8790.0788,8730.5384,8645.5615,8653.8035,8682.2056,8725.0154,8786.1483,8851.9915,8941.8429,8985.7116,9023.4235,9103.4454,9205.3574,9267.0944],"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":"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,-2.0138,-7.6196,-8.8997,-4.4917,20.2261,48.2971,72.0707,108.9127,161.7674,210.4119,251.6512,300.0378,295.4808,297.1969,285.3207,290.4654,269.2893,243.6115,193.5222,139.4608,113.6458,97.9061,58.9316],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.5823,10.1253,22.5144,39.794,64.1887,93.4333,125.0769,160.0691,187.1514,209.1605,224.3926,237.6071,243.9436,243.8771,233.8061,214.9371,194.6788,175.3243,152.0457],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,19.6438,38.1718,49.5564,69.1187,97.5787,116.9785,126.5743,139.9687,108.3293,88.0364,60.9282,52.8583,25.3457,-0.2657,-40.284,-75.4763,-81.033,-77.4182,-93.1141],"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":"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,3.242,3.3136,3.1914,3.2239,3.1385,3.1024,3.2728,3.2031,3.1425,2.9967,2.9124,3.1974,3.0675,3.0142,2.9692,3.032,3.0192,3.1595,3.2885,3.2711,3.1652,3.4043],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,4.6984,4.5928,4.4047,4.2822,4.2359,4.1174,3.9967,4.87,6.0627,6.9928,8.8651,12.0391,14.6788,17.0032,19.8859,20.4535,20.8544,20.82,20.7324,20.1963,19.1869,18.6213,18.0853,16.9789,15.5377,14.5771],"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":"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,20.9893,6.1077,24.8807,23.4696,18.6601,19.7588,12.2083,11.5688,17.4872,26.845,25.8506,26.3986,33.8876,75.7939,46.6289,61.1943,24.7755,16.619,28.053,25.669,20.0574,12.156,140.1398,105.7812,111.961,110.3331,159.6099,75.0718],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,78.723,79.8012,75.7473,79.2994,76.6697,74.0596,72.5489,73.8954,75.8246,78.6566,81.2698,83.8335,87.0139,93.4689,97.1364,101.2465,102.6228,101.9323,102.7147,102.05,102.5327,102.245,98.9835,96.5825,94.0466,96.5392,100.3268,98.5283],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"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","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,22.2756,21.8224,20.3669,19.4094,19.1922,19.6328,19.6785,19.6437,20.3444],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,6.2232,5.6307,5.3899,13.3336,15.4303,16.9891,14.5958,21.3591,22.1599,22.7883,27.3012,24.1996,26.6265,25.4665,27.7085,25.8786,24.313,22.33,20.2506,20.5591,20.0301,17.8726],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,10.2661,12.2891,11.7635,10.5129,9.9118,9.2829,15.2323,14.0072,13.1127,12.6839,11.8494,20.0232,19.1762,21.7802,20.0933,25.1411,27.9518,31.0712,34.0118,31.0141,29.5438,32.7973],"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":"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,-0.6088,0.0,0.0,-1.1852,-2.933,-2.6835,-4.031,-2.8332,-3.7109,-1.645,-2.1993,-3.0055,-3.3582,-2.9602,-2.2618,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-4.5761,-3.562,-4.7144,-2.64,-5.2061,-5.9114,-9.0985,-10.5766,-8.4519,-7.7744,-10.766],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,1.2481,0.3335,2.4862,1.9086,1.0686,0.701,1.1157,1.8435,4.7512,5.976,6.2956,8.905,12.3635,13.6078,14.3652,16.9619,11.6096,12.7958,11.4478,13.8741,10.8727,10.0478,6.3201,4.5913,7.0764,7.5103,4.0229],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/68a316c2-8011-46b6-917e-02ded814bb12/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/68a316c2-8011-46b6-917e-02ded814bb12/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/68a316c2-8011-46b6-917e-02ded814bb12/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/68a316c2-8011-46b6-917e-02ded814bb12/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/68a316c2-8011-46b6-917e-02ded814bb12/technical-pack/data.json"},"source_fingerprint":"45529d51a4395bcb2231102270c8cb340510268fea939321a6ea1e70e74c99ac","content_hash":"c765d2c6891ba2af2fe4acf9e05db3333c5863f2fc868ff5dc7a994abfc77851","citation":"Sharemaestro, 0138T0 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/68a316c2-8011-46b6-917e-02ded814bb12/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."}