{"schema_version":"1.0","name":"HMH Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"88347c28-7d48-48f5-86e0-7513c250e043","symbol":"HMH","name":"HMH Holding Inc. Class A Common Stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Energy","industry":"Oil & Gas Equipment & Services"},"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, Completed returns and cumulative progression, Range expansion and closing direction, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range pressure and compression."},{"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":20,"displayedObservations":20,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","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":["2026-04-03","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"],"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],"opens":[18.9,18.82,18.66,18.52,20.66,21.43,21.51,21.69,24.37,21.55,21.42,20.34,18.67,20.01,18.11,20.06,19.42,21.46,20.79,19.92],"highs":[20.0,19.255,19.635,21.0,21.65,22.725,22.405,24.5,24.37,23.5,22.67,21.145,20.342,20.5035,19.96,20.33,22.34,22.08,21.71,20.86],"lows":[18.1,16.32,17.755,18.52,19.945,20.8701,20.52,21.5,20.22,20.82,20.05,17.19,17.8,17.99,18.11,18.64,19.03,18.53,18.74,19.25],"closes":[18.82,18.69,18.51,20.13,21.26,21.5,21.69,24.26,21.36,21.22,20.87,18.66,20.04,18.09,19.8,19.65,21.52,20.79,19.65,20.45],"hoverRows":[[{"label":"Open","value":"18.9","className":"is-ohlc","compact":true},{"label":"High","value":"20.0","className":"is-ohlc","compact":true},{"label":"Low","value":"18.1","className":"is-ohlc","compact":true},{"label":"Close","value":"18.8","className":"is-ohlc","compact":true},{"label":"Market 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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":"20.1","className":"is-ohlc","compact":true},{"label":"High","value":"20.3","className":"is-ohlc","compact":true},{"label":"Low","value":"18.6","className":"is-ohlc","compact":true},{"label":"Close","value":"19.6","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":"19.4","className":"is-ohlc","compact":true},{"label":"High","value":"22.3","className":"is-ohlc","compact":true},{"label":"Low","value":"19.0","className":"is-ohlc","compact":true},{"label":"Close","value":"21.5","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":"21.5","className":"is-ohlc","compact":true},{"label":"High","value":"22.1","className":"is-ohlc","compact":true},{"label":"Low","value":"18.5","className":"is-ohlc","compact":true},{"label":"Close","value":"20.8","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":"20.8","className":"is-ohlc","compact":true},{"label":"High","value":"21.7","className":"is-ohlc","compact":true},{"label":"Low","value":"18.7","className":"is-ohlc","compact":true},{"label":"Close","value":"19.6","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":"19.9","className":"is-ohlc","compact":true},{"label":"High","value":"20.9","className":"is-ohlc","compact":true},{"label":"Low","value":"19.2","className":"is-ohlc","compact":true},{"label":"Close","value":"20.4","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":[17.7198,24.6302],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":24.26}],"reversal_dangers":[{"date":"2026-05-29","price":21.36}]}},"smTape":{"available":true,"dates":["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":[18.82,18.69,18.51,20.13,21.26,21.5,21.69,24.26,21.36,21.22,20.87,18.66,20.04,18.09,19.8,19.65,21.52,20.79,19.65,20.45],"consensus":[-24.2105,61.4991,-19.6809,17.3065,58.9819,30.9957,35.6469,73.7532,-21.8701,0.0,-10.498,-55.3539,17.8225,-56.6288,15.5999,0.0,39.2464,0.0,-20.9659,17.4859],"supportDates":["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":[null,null,null,null,null,20.5411,28.0289,72.633,-27.6098,0.0,-8.4497,-39.6731,21.8934,-52.6386,28.5284,0.0,39.2731,0.0,-23.1975,18.6701],"force":[-24.2105,61.4991,-19.6809,17.3065,30.5336,8.7334,15.8387,75.741,-65.2616,0.0,-18.984,-79.8074,64.2931,-65.8431,38.6393,0.0,54.9032,0.0,-33.9266,27.5795],"direction":[null,null,null,null,79.3021,58.8455,58.502,73.6135,-15.6834,0.0,-6.7776,-55.8081,20.0233,-54.6073,15.6324,0.0,28.0324,0.0,-9.1577,8.9227],"intensity":[null,null,null,null,25.0,20.0,16.6667,100.0,100.0,22.2222,20.0,90.9091,41.6667,76.9231,64.2857,13.3333,81.25,17.6471,38.8889,26.3158],"confirmation":[30.414,42.3464,28.9645,28.2047,62.907,77.3995,78.9194,91.6787,34.2458,25.5228,48.9825,86.6975,33.9957,86.4628,31.4987,1.1737,81.0356,3.6939,75.0701,55.0],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,50.0,37.5,37.5,12.5,12.5,12.5,12.5,25.0,0.0,0.0,0.0,25.0],"assessmentRisk":[null,null,null,null,20.3105,34.4627,32.1693,13.1054,14.2404,7.9535,21.5446,22.2715,44.7039,20.1152,37.2338,27.7749,16.746,44.4627,5.8448,13.9978],"volumeParticipation":true,"latest":{"consensus":17.5,"control":18.7,"force":27.6,"direction":8.9,"confirmation":55.0,"persistence":25.0,"assessmentRisk":14.0,"intensity":26.3,"evidenceDepth":77},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+17.5","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+18.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+27.6","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+8.9","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"50.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"11.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"50%","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 upward.","series":[{"label":"Close","values":[18.82,18.69,18.51,20.13,21.26,21.5,21.69,24.26,21.36,21.22,20.87,18.66,20.04,18.09,19.8,19.65,21.52,20.79,19.65,20.45],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,19.4078,19.7882,20.134,20.8842,20.9707,21.016,20.9895,20.5659,20.4703,20.0375,19.9943,19.9317,20.2205,20.3241,20.2015,20.2467],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,19.9645,19.8256,19.8237,19.8109,19.9375,20.0006,19.9746,20.0099],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,24.09,23.9466,23.8483,23.6917,23.6536,23.5169,23.3906,23.4262,23.3703,23.2704,23.202],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,17.398,17.5643,17.3134,17.3868,17.0749,17.1364,17.1781,17.288,17.3919,17.4149,17.494],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}