{"schema_version":"1.0","name":"SION Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"836e63da-349c-4861-ae9b-551873d9b2de","symbol":"SION","name":"Sionna Therapeutics, Inc. Common Stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Healthcare","industry":"Biotechnology"},"summary":"Market Dynamics eased this week but remains positive. The broader path has not changed enough to establish a new direction. 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The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":50.0,"averageReturn":23.0,"sample":4},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 50.0% of comparable cases moved higher after 12 weeks, with an average move of 23.0% across 4 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 31.7% across 4 completed cases, with the largest move arriving after 6.2 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2026-01-02","price":39.21},{"date":"2026-02-06","price":36.11},{"date":"2026-06-05","price":35.37},{"date":"2026-08-14","price":6.46}],"price_pressure_gaps":[{"date":"2026-01-23","price":42.38},{"date":"2026-04-03","price":40.49},{"date":"2026-04-17","price":43.54},{"date":"2026-05-08","price":44.23},{"date":"2026-05-29","price":42.82},{"date":"2026-06-26","price":42.18},{"date":"2026-08-07","price":51.04}]}},"smTape":{"available":true,"dates":["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":[25.0,20.03,19.76,13.77,16.27,14.98,13.69,11.56,9.97,7.87,11.07,12.14,13.58,12.32,13.43,12.72,13.69,17.22,16.38,14.49,15.84,21.19,20.43,16.74,19.1,16.92,17.67,20.82,24.39,24.62,24.0,22.83,23.14,28.94,30.01,29.42,31.93,39.21,38.21,34.71,37.0,43.66,43.57,40.29,42.77,42.37,43.7,39.21,39.25,39.11,42.38,42.26,36.11,37.52,35.49,36.54,35.93,37.32,36.39,36.16,40.49,37.89,43.54,38.11,39.15,44.23,40.22,41.13,42.82,35.37,35.92,37.3,42.18,43.99,45.29,49.41,45.7,47.13,51.04,6.46],"consensus":[90.709,-72.695,-64.3836,-48.8464,-45.4841,-48.8352,-45.7288,-57.3682,-57.2716,-61.0493,0.0,0.0,16.2782,-18.3197,12.1221,-18.4891,0.0,55.9262,0.0,-9.3137,35.8384,67.0143,21.1427,-22.5729,43.0066,-25.7052,10.1294,56.6018,69.4735,34.4497,24.4181,0.0,14.5514,73.3351,52.979,33.4322,56.6892,73.7759,33.185,8.5953,49.648,73.8856,36.6396,12.7545,54.2589,11.0226,35.5177,-24.2367,0.0,0.0,33.1191,18.1453,-45.6453,0.0,-39.4641,-11.1448,0.0,0.0,-10.4473,-9.9168,41.2329,-13.3963,52.7993,-26.6914,0.0,50.8986,-29.1962,13.784,23.5406,-57.1263,-10.8624,0.0,35.8996,36.6325,35.2599,57.5004,0.0,31.6857,48.945,-55.6247],"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":[67.0591,25.6716,16.9976,0.0,17.907,73.3376,53.5162,30.471,51.2982,69.309,27.1346,2.1156,51.1629,80.0375,33.4615,7.4751,58.7094,14.367,44.8089,-28.3723,0.0,0.0,43.7955,17.4052,-37.7173,0.0,-40.4327,-2.3817,0.0,0.0,-10.9073,-8.6139,37.3388,-14.0509,45.2268,-29.0703,0.0,47.9191,-26.1946,11.1037,22.0432,-53.6501,-3.58,0.0,37.4038,35.5538,31.3708,50.192,0.0,34.1819,42.3228,-39.9221],"force":[86.8174,11.5541,6.6976,0.0,3.5227,94.0497,40.2323,4.2261,58.2133,88.8315,2.2582,34.6066,40.2888,82.384,7.2307,31.3295,47.3126,18.4485,22.103,-58.0503,0.0,0.0,43.7376,8.1487,-80.5492,0.0,-38.5057,-2.6388,0.0,0.0,-11.2373,-5.9129,68.7454,-30.0952,82.6465,-63.186,0.0,73.0275,-65.6147,15.1365,24.3343,-86.5726,-5.8138,0.0,67.3159,35.965,31.6498,76.7999,0.0,27.0899,63.7767,-62.919],"direction":[59.8443,60.8359,55.1242,0.0,18.5942,58.536,61.4699,57.6778,61.7618,68.127,65.4164,51.6948,54.6018,60.7845,61.278,50.2765,54.1341,28.2513,34.4811,-4.6423,0.0,0.0,13.3329,26.1317,-29.7745,0.0,-39.0416,-31.0051,0.0,0.0,-9.3575,-14.2656,26.0314,-0.7203,40.1342,-2.095,0.0,38.4974,-6.6134,15.8812,24.6848,-40.066,-31.0967,0.0,11.7402,38.3421,42.2832,52.0675,0.0,32.1154,45.9192,-68.3604],"intensity":[78.5714,65.5172,30.0,12.9032,28.125,96.9697,85.2941,34.2857,86.1111,100.0,89.4737,71.7949,37.5,97.561,88.0952,95.3488,77.2727,22.2222,15.2174,78.7234,52.0833,20.4082,60.0,45.098,98.0769,86.5385,28.8462,5.7692,57.6923,53.8462,17.3077,1.9231,76.9231,44.2308,92.3077,86.5385,40.3846,82.6923,67.3077,78.8462,57.6923,96.1538,73.0769,17.3077,86.5385,53.8462,21.1538,63.4615,57.6923,55.7692,94.2308,100.0],"confirmation":[90.7969,78.4599,53.7407,7.5079,49.6025,92.0985,84.5566,55.1867,86.2691,92.1352,55.4463,9.4311,83.579,91.8086,56.2102,9.502,85.0833,29.1805,78.8152,55.0469,1.707,24.4739,78.759,73.5131,83.791,3.9635,80.5845,26.5094,3.4941,26.975,71.3602,48.4045,82.0923,50.1191,85.9208,55.3975,24.9128,85.0074,55.8318,72.4929,75.58,87.2308,26.9857,4.5089,80.4224,79.7185,79.2324,87.0997,32.686,77.9613,84.2153,44.64],"persistence":[50.0,50.0,50.0,62.5,62.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,62.5,50.0,50.0,50.0,25.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,37.5,50.0,25.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,12.5,0.0,12.5,12.5,37.5,37.5,25.0,50.0,75.0,62.5],"assessmentRisk":[13.6774,32.5266,37.199,31.6638,31.266,9.1658,22.7663,32.8258,21.6291,13.0654,33.2395,43.1406,22.3214,7.3665,28.3568,40.0495,19.8552,23.8655,15.67,3.0299,37.526,36.1899,37.6596,29.9589,14.5517,22.5616,29.7615,43.1214,2.616,7.1615,22.7992,2.8984,27.0465,17.7036,22.7924,40.4767,21.8983,23.0558,23.8921,29.998,29.0199,20.4536,35.0227,36.989,25.8027,30.4828,31.6291,21.1091,42.1216,19.8546,22.2252,22.0829],"volumeParticipation":true,"latest":{"consensus":-55.6,"control":-39.9,"force":-62.9,"direction":-68.4,"confirmation":44.6,"persistence":62.5,"assessmentRisk":22.1,"intensity":100.0,"evidenceDepth":100},"analysis":{"status":"Price 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":"Seller control supports the view","controlPath":"Control support is easing","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":"-55.6","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-39.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-62.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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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 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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,-19.88,-20.96,-44.92,-34.92,-40.08,-45.24,-53.76,-60.12,-68.52,-55.72,-51.44,-45.68,-50.72,-46.28,-49.12,-45.24,-31.12,-34.48,-42.04,-36.64,-15.24,-18.28,-33.04,-23.6,-32.32,-29.32,-16.72,-2.44,-1.52,-4.0,-8.68,-7.44,0.0,0.0,-1.966,0.0,0.0,-2.5504,-11.4767,-5.6363,0.0,-0.2061,-7.7187,-2.0385,-2.9546,0.0,-10.2746,-10.1831,-10.5034,-3.0206,-3.2952,-17.3684,-14.1419,-18.7872,-16.3844,-17.7803,-14.5995,-16.7277,-17.254,-7.3455,-13.2952,-0.3661,-12.7918,-10.4119,0.0,-9.0662,-7.0088,-3.1879,-20.0317,-18.7882,-15.6681,-4.6349,-0.5426,0.0,0.0,-7.5086,-4.6145,0.0,-87.3433],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,0.0,40.6607,54.2567,72.554,56.5438,70.648,61.6264,73.9517,118.8056,108.1321,84.1169,101.2706,169.2503,159.5934,112.7065,142.6938,114.9936,124.5235,164.5489,209.9111,212.8335,204.9555,190.0889,194.028,267.7255,281.3215,165.7633,163.0148,218.263,210.1461,172.8774,190.8805,218.9189,200.6901,178.0538,195.1691,167.4874,161.0514,134.2294,134.4683,131.1466,150.4728,139.1624,73.439,64.3452,55.4534,60.0526,57.3806,61.2792,25.7429,22.9096,37.6275,18.6658,25.4394,9.7954,12.7917,24.6267,13.3277,15.8918,20.6537,0.0,1.555,5.4566,19.2536,24.3709,28.0464,39.6947,29.2055,33.2485,44.3031,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-02-07","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"]},{"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,2.2231,3.7927,3.429,21.2713,27.2372,35.2662,28.2409,34.4299,30.4711,35.8796,55.5618,50.8782,40.3401,47.8673,77.6972,73.4597,52.8854,66.044,53.889,59.0252,92.3732,96.5624,90.2312,87.0096,80.9301,82.5409,99.6324,97.4518,94.8129,91.3498,87.6357,84.1368,72.9992,79.87,99.1403,95.4847,85.0429,92.9184,91.5678,95.6522,79.7694,79.9092,79.42,90.8456,90.3927,68.1191,69.4694,61.0246,65.3279,62.8279,66.989,61.2337,56.5602,77.8378,55.8659,81.0495,40.6174,48.0154,84.0834,48.5455,54.2383,64.8108,18.2046,22.6135,31.1399,61.2913,72.4745,80.5066,91.5155,69.6193,77.0267,82.6948,4.8077],"stroke":"#10243b","width":2.0},{"label":"From 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