{"schema_version":"1.0","name":"BALQ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6ba85bef-e609-4e01-8920-767992d1cff6","symbol":"BALQ","name":"iShares Nasdaq Premium Income Active ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Range position and boundary pressure, Range pressure and compression, Directional strength and control, Acceleration, deceleration and rollover."},{"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":38,"displayedObservations":38,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.649242,0.838042,0.777029,0.776601,0.612395,0.43072,0.262901,0.024362,0.046238,0.062362],"opens":[56.899667,57.520031,54.988205,55.595653,55.100236,54.42647,53.77252,53.81,56.22,57.35],"highs":[57.447919,57.58029,57.468328,55.88567,55.654112,55.040786,54.049953,56.409,56.945,57.35],"lows":[55.88219,54.904227,54.357111,54.021219,53.070019,53.099447,51.012554,53.81,55.67,54.97],"closes":[57.240077,55.076606,54.718765,55.88567,53.781932,53.099447,53.746857,56.1959,56.6691,55.3034],"hoverRows":[[{"label":"Open","value":"56.9","className":"is-ohlc","compact":true},{"label":"High","value":"57.4","className":"is-ohlc","compact":true},{"label":"Low","value":"55.9","className":"is-ohlc","compact":true},{"label":"Close","value":"57.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.65","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"57.5","className":"is-ohlc","compact":true},{"label":"High","value":"57.6","className":"is-ohlc","compact":true},{"label":"Low","value":"54.9","className":"is-ohlc","compact":true},{"label":"Close","value":"55.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.84","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"55.0","className":"is-ohlc","compact":true},{"label":"High","value":"57.5","className":"is-ohlc","compact":true},{"label":"Low","value":"54.4","className":"is-ohlc","compact":true},{"label":"Close","value":"54.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.78","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"55.6","className":"is-ohlc","compact":true},{"label":"High","value":"55.9","className":"is-ohlc","compact":true},{"label":"Low","value":"54.0","className":"is-ohlc","compact":true},{"label":"Close","value":"55.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.78","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"55.1","className":"is-ohlc","compact":true},{"label":"High","value":"55.7","className":"is-ohlc","compact":true},{"label":"Low","value":"53.1","className":"is-ohlc","compact":true},{"label":"Close","value":"53.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"54.4","className":"is-ohlc","compact":true},{"label":"High","value":"55.0","className":"is-ohlc","compact":true},{"label":"Low","value":"53.1","className":"is-ohlc","compact":true},{"label":"Close","value":"53.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.43","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"53.8","className":"is-ohlc","compact":true},{"label":"High","value":"54.0","className":"is-ohlc","compact":true},{"label":"Low","value":"51.0","className":"is-ohlc","compact":true},{"label":"Close","value":"53.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.26","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"53.8","className":"is-ohlc","compact":true},{"label":"High","value":"56.4","className":"is-ohlc","compact":true},{"label":"Low","value":"53.8","className":"is-ohlc","compact":true},{"label":"Close","value":"56.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.02","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"56.2","className":"is-ohlc","compact":true},{"label":"High","value":"56.9","className":"is-ohlc","compact":true},{"label":"Low","value":"55.7","className":"is-ohlc","compact":true},{"label":"Close","value":"56.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.05","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"57.4","className":"is-ohlc","compact":true},{"label":"High","value":"57.4","className":"is-ohlc","compact":true},{"label":"Low","value":"55.0","className":"is-ohlc","compact":true},{"label":"Close","value":"55.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.06","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[52.851009,57.488515],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.062362,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"slight strengthening","fourWeekDirection":"weakening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics strengthened this week and remains positive.","tone":"negative"},{"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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":10,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-07-31","price":53.746857},{"date":"2026-08-07","price":56.1959}],"reversal_dangers":[{"date":"2026-08-14","price":56.6691}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[47.7209,46.8546,47.1277,47.9019,47.2398,48.2004,48.0699,48.2483,48.2668,47.3041,46.6446,47.2708,47.1587,46.4193,46.1825,45.3149,43.7924,45.628,47.8354,50.6609,51.6946,51.655,54.5635,54.7251,55.3923,56.9029,54.2226,55.7683,57.2401,55.0766,54.7188,55.8857,53.7819,53.0994,53.7469,56.1959,56.6691,55.3034],"consensus":[100.0,-100.0,100.0,40.9662,-42.6847,54.3025,16.5256,34.5421,19.0806,-45.9305,-55.5128,0.0,-23.6997,-55.3306,-39.3541,-68.3741,-76.2949,18.9209,58.8318,74.3986,73.8234,52.024,83.3551,42.4567,60.2234,71.0678,-13.8521,60.6883,59.5753,-24.9235,0.0,44.5412,-35.2207,-35.0439,9.5934,50.8151,42.0443,16.1],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,57.5869,3.6039,32.7977,6.0084,-32.6867,-52.4461,0.0,-13.9237,-45.2727,-35.0943,-59.9306,-73.9719,27.6938,53.0291,81.6149,78.2505,55.3046,89.669,31.0087,60.3888,74.3983,-22.4156,58.4825,63.8501,-21.1648,0.0,47.6873,-29.0299,-33.4205,12.3858,56.5429,41.2359,21.0893],"force":[100.0,-100.0,100.0,40.9662,-38.9422,48.3752,1.3289,35.9932,5.1001,-75.8925,-55.0406,0.0,-21.4809,-75.1704,-36.8522,-81.0458,-96.2761,78.8389,93.4219,79.5562,75.532,24.4853,85.3362,22.1741,45.7323,62.4364,-69.6938,75.2556,50.9315,-87.5339,0.0,59.8145,-66.4603,-48.9335,34.9281,75.3544,41.1346,64.752],"direction":[null,null,null,null,-45.3578,54.7827,44.0465,35.4993,44.0062,-39.6648,-59.3549,0.0,-36.4571,-52.654,-46.0095,-68.9726,-64.6776,33.9038,40.7562,62.4673,67.5435,67.9453,74.7241,70.0278,70.385,73.4268,-35.8216,52.8041,60.8638,-15.5026,0.0,30.0362,-19.9819,-26.978,11.6941,26.7411,43.618,24.3535],"intensity":[null,null,null,null,25.0,60.0,16.6667,42.8571,62.5,100.0,80.0,18.1818,33.3333,38.4615,7.1429,66.6667,87.5,100.0,100.0,100.0,85.0,14.2857,95.4545,86.9565,100.0,80.0,88.4615,62.963,89.2857,75.8621,13.3333,58.0645,75.0,21.2121,73.5294,88.5714,66.6667,45.9459],"confirmation":[54.6667,54.6667,54.6667,35.7759,58.8213,85.1461,27.8911,79.1243,28.5456,83.8127,85.7964,32.6782,75.6652,86.4637,80.582,90.3946,93.0587,37.6465,87.9688,91.8548,91.6081,83.7584,94.6378,81.1425,86.8273,90.4279,36.3126,87.8978,86.7355,35.9148,4.7217,82.6707,80.317,79.6621,28.9609,84.9214,81.4388,42.4208],"persistence":[null,null,33.3333,50.0,20.0,33.3333,42.8571,50.0,50.0,50.0,25.0,12.5,12.5,12.5,37.5,62.5,87.5,62.5,37.5,25.0,0.0,25.0,50.0,75.0,100.0,100.0,75.0,75.0,75.0,50.0,37.5,37.5,12.5,12.5,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,9.3838,20.281,35.825,7.6834,37.4524,21.1922,21.1034,49.1022,35.4631,16.8577,13.3153,15.6446,11.8492,45.7963,16.734,12.7777,13.0878,23.9788,8.3148,28.4931,19.4158,14.4154,3.4393,1.9547,11.6582,27.7573,12.8035,18.6042,31.031,24.5348,31.6539,15.6128,26.5355,51.9976],"volumeParticipation":true,"latest":{"consensus":16.1,"control":21.1,"force":64.8,"direction":24.4,"confirmation":42.4,"persistence":12.5,"assessmentRisk":52.0,"intensity":45.9,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+16.1","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+21.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+64.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+24.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"42/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"55.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"14.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"84%","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 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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,56.9306,314.8643,123.2807,58.5318,32.5847,141.1993,532.7883,120.2107,112.4174,260.321,399.7247,259.8367,48.3636,91.6454,37.3825,50.1959,67.4845,90.4739,58.6793,50.7066,130.1193,53.1738,100.3869,60.3449,132.3383,75.818,113.3887,214.717,100.6254,204.636,447.7581],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,119.5742,135.0,123.0662,117.6258,120.4796,107.6737,65.0,65.0,65.0,65.0,84.1342,97.7843,100.2578,104.9938,103.0626,105.6355,109.1805,114.0593,117.3042,114.4396,122.2324,125.2972,119.3664,115.7335,124.2135,119.2925,112.601,126.2875,132.8301,135.0,110.1754],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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BALQ Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/6ba85bef-e609-4e01-8920-767992d1cff6/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."}