{"schema_version":"1.0","name":"FRMI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"7178d850-bffd-4770-aac8-77bc02d6476c","symbol":"FRMI","name":"Fermi Inc.","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Real Estate","industry":"Reit - Specialty"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","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 pressure and compression, Range position and boundary pressure, Directional strength and control."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":46,"displayedObservations":46,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.297685,0.384603,0.255646,0.218492,0.343751,0.388715,0.774528,1.029535,1.243594,1.5681,1.60704,1.704812,1.597113,1.424172,1.321617,1.154775,0.987601,0.995224],"opens":[4.81,5.27,5.4,5.2,5.075,6.54,6.085,6.865,5.92,7.4,9.36,9.5,8.01,6.53,5.95,7.205,5.56,6.14],"highs":[7.04,6.255,5.67,5.76,7.74,6.775,7.05,6.88,7.4,10.135,9.685,10.04,8.765,7.0,7.545,7.39,6.47,7.675],"lows":[4.73,5.03,4.835,4.72,4.975,5.61,5.87,5.34,5.44,7.1701,7.915,7.72,5.88,5.7,5.875,5.68,5.4,5.845],"closes":[6.55,5.4,5.17,5.23,6.51,5.98,6.98,5.78,7.14,9.5,9.49,8.06,6.59,6.05,7.4,5.69,6.18,6.4],"hoverRows":[[{"label":"Open","value":"4.81","className":"is-ohlc","compact":true},{"label":"High","value":"7.04","className":"is-ohlc","compact":true},{"label":"Low","value":"4.73","className":"is-ohlc","compact":true},{"label":"Close","value":"6.55","className":"is-ohlc","compact":true},{"label":"Market 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Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"15 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level 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structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-0.8","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-6.5","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-6.1","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}