{"schema_version":"1.0","name":"SEZL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"79b71e17-7e5c-4552-923a-3e83a8b2d67d","symbol":"SEZL","name":"Sezzle Inc.","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Financial Services","industry":"Credit Services"},"summary":"Market Dynamics eased this week but 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, Strength versus the research benchmark, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Directional strength and control, Activity pressure and cumulative balance."},{"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":157,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics eased this week but remains positive. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.4,"sample":7},{"week":2,"averageReturn":-4.3,"sample":7},{"week":3,"averageReturn":6.7,"sample":7},{"week":4,"averageReturn":5.6,"sample":6},{"week":5,"averageReturn":7.5,"sample":6},{"week":6,"averageReturn":14.1,"sample":6},{"week":7,"averageReturn":20.5,"sample":6},{"week":8,"averageReturn":21.5,"sample":6},{"week":9,"averageReturn":28.6,"sample":6},{"week":10,"averageReturn":28.7,"sample":6},{"week":11,"averageReturn":36.7,"sample":6},{"week":12,"averageReturn":51.9,"sample":6},{"week":13,"averageReturn":51.9,"sample":6},{"week":14,"averageReturn":55.6,"sample":6},{"week":15,"averageReturn":95.3,"sample":6},{"week":16,"averageReturn":97.5,"sample":6},{"week":17,"averageReturn":107.4,"sample":6},{"week":18,"averageReturn":105.1,"sample":6},{"week":19,"averageReturn":91.8,"sample":6},{"week":20,"averageReturn":82.7,"sample":6},{"week":21,"averageReturn":84.6,"sample":5},{"week":22,"averageReturn":107.7,"sample":5},{"week":23,"averageReturn":118.2,"sample":5},{"week":24,"averageReturn":106.9,"sample":5},{"week":25,"averageReturn":115.8,"sample":5},{"week":26,"averageReturn":140.3,"sample":5}]}},"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":"Rollover warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"positive","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":79.6,"sample":3},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 79.6% across 3 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 66.7% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 13.3 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 15.9% across 3 completed cases, with the largest move arriving after 6.7 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2024-11-08","price":71.913333},{"date":"2025-04-25","price":47.97}],"distribution_rollovers":[{"date":"2025-07-11","price":134.73},{"date":"2026-08-07","price":118.02}],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","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"],"close":[21.3217,22.705,21.1117,25.0517,27.2333,28.8217,25.8917,29.9583,37.57,35.4933,35.5,71.9133,64.1667,77.33,70.6717,60.3717,51.5017,45.1933,44.1767,46.4483,38.105,37.5,39.1767,39.0017,42.3867,56.6933,47.775,49.8517,38.9417,38.7517,39.3217,35.165,28.7,38.61,44.8,47.97,55.73,87.1,93.785,105.31,106.71,132.09,133.54,147.04,165.4,182.16,134.73,140.59,148.95,144.0,91.51,91.87,95.67,94.6,85.85,89.27,91.6,84.19,85.53,77.35,73.86,76.96,65.55,59.24,52.14,54.44,61.75,68.39,70.35,73.5,70.5,65.15,77.17,68.5,67.6,63.24,67.71,64.06,62.75,72.95,73.47,66.31,66.15,61.58,63.76,59.705,80.71,78.7,85.46,96.34,98.62,102.8,118.15,116.01,132.7,163.28,170.56,183.24,179.38,174.67,153.89,154.75,118.02,128.96],"consensus":[40.3084,56.1771,0.0,69.2258,63.8125,50.872,0.0,67.7002,80.6799,26.621,29.6451,81.3078,15.5241,83.6621,18.2137,-19.626,-32.2727,-40.4914,-26.1876,0.0,-56.0584,-27.0455,-11.2382,-18.9326,13.2097,60.1369,-20.0268,20.1225,-45.865,-16.3551,-12.0768,-45.0912,-55.5781,28.0944,38.4214,40.4038,62.1168,79.29,71.2559,80.1433,41.4035,88.1111,51.4548,70.4927,80.6751,79.9993,-20.642,27.5543,30.0354,0.0,-65.7636,-26.5743,-17.1662,-30.8126,-40.8515,-16.799,-10.3498,-37.7762,-9.0917,-51.7382,-45.1601,-16.0318,-60.5368,-52.4825,-59.9413,-26.4353,0.0,16.0653,0.0,20.3325,-10.3543,-26.3405,37.654,-33.6229,0.0,-31.163,9.3909,-21.6193,-17.708,38.3593,16.9985,-21.8421,0.0,-33.6923,0.0,-30.3355,60.4324,13.8992,51.229,56.3334,36.2179,45.2285,67.6705,32.6892,70.8994,85.9277,68.4773,73.3414,40.7928,26.9594,-21.3247,8.1012,-60.1623,0.8646],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","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"],"control":[-3.9994,-23.2274,-45.3193,-16.3929,-3.6192,-35.1619,-3.1642,-57.7666,-46.1266,-9.6699,-62.2138,-49.041,-63.3961,-16.9802,0.0,17.4576,0.0,15.806,-21.4236,-30.8049,39.272,-37.2851,0.0,-37.8723,20.2552,-22.1784,-18.7578,27.7889,15.6368,-30.5411,0.0,-32.4951,0.0,-27.9307,54.7654,3.7172,53.6027,43.3529,30.5875,42.2566,69.8272,27.0765,73.5684,88.6311,72.3795,77.33,37.2076,23.7188,-23.4376,18.7027,-50.8011,6.6408],"force":[-9.7925,-13.4076,-30.0066,-9.9369,-11.7454,-31.623,-13.6117,-44.9584,-30.3228,-9.8422,-61.4392,-48.805,-50.7927,-5.1953,0.0,43.3167,0.0,31.6354,-15.1153,-27.1942,56.0278,-55.3655,0.0,-36.9839,29.0992,-24.6244,-10.9241,73.9525,12.9474,-36.8725,0.0,-43.1129,0.0,-41.6184,92.1459,8.0692,47.9429,74.1532,17.5035,30.743,66.3974,1.3612,69.964,96.7811,52.6007,62.3572,0.7521,11.9313,-67.7319,6.7445,-95.839,33.8243],"direction":[-51.4702,-51.9135,-43.4918,-36.3602,-33.8242,-45.1592,-32.0827,-49.6914,-54.6535,-41.7841,-57.9758,-59.0426,-62.5276,-59.8344,0.0,4.9911,0.0,17.4322,-5.697,-20.6286,22.6808,-13.9071,0.0,-19.3375,17.1028,-18.834,-21.3539,25.0161,21.4485,-1.1644,0.0,-28.3315,0.0,-25.0245,44.2564,41.2274,50.8633,58.4398,56.0199,58.9716,66.1149,61.4809,68.5173,75.0856,75.358,76.629,73.4907,58.4422,-14.2381,6.5891,-45.3775,34.2198],"intensity":[23.0769,32.6923,44.2308,17.3077,11.5385,50.0,28.8462,34.6154,32.6923,11.5385,61.5385,50.0,32.6923,25.0,34.6154,36.5385,44.2308,13.4615,17.3077,36.5385,73.0769,46.1538,73.0769,23.0769,23.0769,17.3077,21.1538,82.6923,78.8462,38.4615,1.9231,25.0,65.3846,51.9231,82.6923,76.9231,30.7692,88.4615,76.9231,19.2308,76.9231,23.0769,78.8462,92.3077,61.5385,80.7692,19.2308,69.2308,90.3846,88.4615,98.0769,100.0],"confirmation":[6.9613,77.4452,80.6739,29.3536,5.2468,79.9407,5.2116,84.2577,81.9843,29.2049,87.3737,84.7348,86.8498,54.0811,31.0498,52.3483,25.7725,74.9199,49.8385,76.387,80.5846,79.3662,24.4865,78.0473,29.7554,75.0013,73.4438,81.5208,73.3368,52.6483,24.1359,79.0869,25.9362,78.0879,88.3912,5.6548,84.257,86.7676,79.1052,82.0769,89.5829,54.9246,90.6186,95.7864,89.3694,91.0737,57.2214,32.7032,33.9101,26.0839,88.4819,7.9664],"persistence":[12.5,37.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,50.0,25.0,25.0,25.0,0.0,0.0,0.0,25.0,12.5,37.5,37.5,12.5,12.5,12.5,12.5,12.5,25.0,25.0,0.0,0.0,0.0,25.0,37.5,62.5,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,37.5],"assessmentRisk":[40.5446,33.3689,7.4073,2.3207,4.4856,5.2683,3.6936,7.42,19.3911,15.3936,13.9449,23.6707,20.0052,36.7683,28.5428,37.5257,46.8972,39.6724,50.7463,12.3198,20.4047,14.4931,17.2697,0.4145,50.7246,21.9643,25.8354,27.0853,29.6563,28.6948,27.9919,30.8962,44.1011,28.7137,18.0195,42.1566,24.1322,21.8265,31.0799,27.2414,16.1402,32.941,14.5281,7.0353,15.7591,13.3292,29.5972,27.853,33.42,53.1511,19.864,49.1727],"volumeParticipation":true,"latest":{"consensus":0.9,"control":6.6,"force":33.8,"direction":34.2,"confirmation":8.0,"persistence":37.5,"assessmentRisk":49.2,"intensity":100.0,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+0.9","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+6.6","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+33.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+34.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"8/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"17.6%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"48.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"53%","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":[21.3217,22.705,21.1117,25.0517,27.2333,28.8217,25.8917,29.9583,37.57,35.4933,35.5,71.9133,64.1667,77.33,70.6717,60.3717,51.5017,45.1933,44.1767,46.4483,38.105,37.5,39.1767,39.0017,42.3867,56.6933,47.775,49.8517,38.9417,38.7517,39.3217,35.165,28.7,38.61,44.8,47.97,55.73,87.1,93.785,105.31,106.71,132.09,133.54,147.04,165.4,182.16,134.73,140.59,148.95,144.0,91.51,91.87,95.67,94.6,85.85,89.27,91.6,84.19,85.53,77.35,73.86,76.96,65.55,59.24,52.14,54.44,61.75,68.39,70.35,73.5,70.5,65.15,77.17,68.5,67.6,63.24,67.71,64.06,62.75,72.95,73.47,66.31,66.15,61.58,63.76,59.705,80.71,78.7,85.46,96.34,98.62,102.8,118.15,116.01,132.7,163.28,170.56,183.24,179.38,174.67,153.89,154.75,118.02,128.96],"stroke":"#10243b","width":2.1},{"label":"Fast 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