{"schema_version":"1.0","name":"EMA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"8e010741-b70b-4dbc-b792-29bb70ed1fc9","symbol":"EMA","name":"Emera Incorporated","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Utilities","industry":"Utilities - Regulated Electric"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price has not yet established a clear direction.","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, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range pressure and compression, Range position and boundary pressure."},{"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":64,"displayedObservations":64,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 2.0 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 2.7% across 3 completed cases, with the largest move arriving after 10.0 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":[{"date":"2025-12-26","price":48.119063}],"distribution_rollovers":[{"date":"2026-07-03","price":52.436547}],"price_pressure_gaps":[{"date":"2026-06-26","price":53.282892},{"date":"2026-07-17","price":54.044849}]}},"smTape":{"available":true,"dates":["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":[43.9284,42.185,43.2291,42.3,43.0759,43.5739,44.1295,43.7368,44.7521,45.3,47.1888,46.3558,46.5011,46.2202,45.3291,45.3,44.7867,45.6875,46.3364,47.4503,47.7893,47.9055,46.6209,46.944,46.9048,46.425,47.8547,46.4838,46.9244,47.2769,48.1191,48.2072,47.8743,48.1876,48.8045,49.061,48.8729,50.9517,50.7933,51.516,51.8031,52.9613,50.7537,50.8626,52.1891,52.8722,51.9516,52.0506,52.99,52.6,51.62,53.12,52.16,51.76,52.56,51.79,53.2829,52.4365,52.3189,54.0448,53.8879,53.3613,50.82,51.51],"consensus":[80.6897,-100.0,65.6288,-54.7777,-13.9263,17.0347,35.3912,0.0,51.0074,47.672,76.655,20.1276,37.8743,22.9493,-29.3527,0.0,-32.5515,29.4637,35.5117,62.2266,48.501,37.1911,-23.486,15.0284,0.0,-23.2208,56.5423,-35.1523,22.6884,20.8889,37.5657,26.0143,8.9813,36.0725,33.7635,29.9951,12.5504,67.2101,25.069,43.1187,44.804,62.9424,-28.2691,10.4875,46.1887,38.0655,0.0,23.0687,41.1203,0.0,-24.2607,46.0145,-22.654,0.0,32.3868,-27.8946,47.3181,0.0,0.0,55.6997,16.9297,0.0,-51.6295,-0.2248],"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":[31.1561,21.9551,-22.9642,0.0,-22.3895,38.4156,33.2192,65.8428,49.7033,34.8716,-25.9512,19.0826,0.0,-15.1674,58.0541,-30.9373,25.908,15.7316,42.4594,21.7364,5.0522,33.6293,32.1066,26.5217,7.7531,61.1673,19.6926,35.2433,42.7948,67.8559,-31.0029,16.3988,52.9945,43.895,0.0,21.4018,44.2918,0.0,-27.1653,51.8731,-21.4178,0.0,32.6151,-21.5474,50.201,0.0,0.0,54.2097,17.5079,0.0,-42.8041,-12.764],"force":[16.9812,8.0782,-56.0286,0.0,-55.7878,51.7298,39.3876,69.9304,37.0384,16.6501,-74.1878,18.2407,0.0,-45.0308,78.0677,-76.3713,41.6861,26.7084,43.364,11.5998,11.673,47.0627,33.3302,24.8855,8.2582,92.1003,4.4391,38.6016,32.904,62.2569,-85.085,5.3162,53.0795,38.0724,0.0,15.9183,43.0807,0.0,-47.7711,53.5906,-50.1096,0.0,49.4212,-50.487,67.022,0.0,0.0,78.6325,2.4722,0.0,-82.4581,-29.4453],"direction":[60.4759,46.2481,-17.5997,0.0,-27.5677,3.3287,35.3632,52.5912,55.3145,54.5142,-15.5469,8.1005,0.0,-16.8463,39.4392,-10.5273,5.4391,22.6262,27.8313,41.1994,28.2248,31.0146,35.9667,37.6144,32.8964,56.3376,52.2906,55.3457,55.6001,57.8166,-15.4379,7.4256,33.4885,31.3982,0.0,30.0811,36.0955,0.0,-4.1481,33.9076,-4.4558,0.0,19.9584,-19.0109,29.9491,0.0,0.0,41.0222,26.5958,0.0,-39.6953,-34.9775],"intensity":[16.6667,7.6923,57.1429,20.0,25.0,64.7059,88.8889,89.4737,35.0,42.8571,90.9091,13.0435,16.6667,44.0,92.3077,88.8889,60.7143,68.9655,50.0,83.871,34.375,45.4545,97.0588,34.2857,33.3333,100.0,100.0,35.8974,2.5,87.8049,97.619,93.0233,77.2727,66.6667,54.3478,25.5319,68.75,6.1224,58.0,86.2745,55.7692,90.3846,40.3846,38.4615,84.6154,48.0769,1.9231,86.5385,1.9231,19.2308,100.0,92.3077],"confirmation":[79.5854,30.8033,78.3032,25.3393,79.2795,55.3039,79.5168,88.0922,83.1527,79.3105,35.0065,72.8452,24.5129,76.2181,86.7265,80.5692,53.1236,74.9404,80.1232,75.9505,4.7947,79.9154,78.8164,77.4956,5.2168,90.3579,53.485,81.7803,82.0052,88.0458,36.6961,25.775,82.8867,80.0923,8.1692,75.1895,81.1699,26.918,53.769,82.8663,53.4382,48.4652,78.8794,77.7115,83.6984,2.3692,1.0697,86.5455,50.3014,4.3527,85.5955,30.8999],"persistence":[87.5,87.5,62.5,62.5,37.5,37.5,37.5,37.5,37.5,37.5,37.5,50.0,62.5,37.5,37.5,12.5,12.5,12.5,37.5,37.5,50.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,62.5,62.5,62.5,50.0,50.0,50.0,25.0,12.5,25.0,0.0,0.0,0.0,12.5,12.5,37.5,37.5,12.5,25.0],"assessmentRisk":[28.3873,26.0557,34.1941,40.8936,32.6124,44.6316,25.2727,18.3945,25.7004,31.1081,27.7624,38.755,44.2719,37.2487,18.0036,7.9507,10.152,28.8923,2.7928,35.7577,38.3192,24.056,19.0325,28.2606,39.1788,16.2677,36.7343,28.2889,27.5933,18.3736,12.0438,35.4894,4.3041,23.6442,41.7225,29.574,11.8428,15.857,4.5348,15.8895,21.4559,29.0359,19.8226,31.7415,17.993,30.3713,14.0804,21.2132,19.1952,36.4371,16.9362,48.8257],"volumeParticipation":true,"latest":{"consensus":-0.2,"control":-12.8,"force":-29.4,"direction":-35.0,"confirmation":30.9,"persistence":25.0,"assessmentRisk":48.8,"intensity":92.3,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"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":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-0.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-12.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-29.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-35.0","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"31/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"48.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.8%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"26.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"44%","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":[43.9284,42.185,43.2291,42.3,43.0759,43.5739,44.1295,43.7368,44.7521,45.3,47.1888,46.3558,46.5011,46.2202,45.3291,45.3,44.7867,45.6875,46.3364,47.4503,47.7893,47.9055,46.6209,46.944,46.9048,46.425,47.8547,46.4838,46.9244,47.2769,48.1191,48.2072,47.8743,48.1876,48.8045,49.061,48.8729,50.9517,50.7933,51.516,51.8031,52.9613,50.7537,50.8626,52.1891,52.8722,51.9516,52.0506,52.99,52.6,51.62,53.12,52.16,51.76,52.56,51.79,53.2829,52.4365,52.3189,54.0448,53.8879,53.3613,50.82,51.51],"stroke":"#10243b","width":2.1},{"label":"Fast 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}