{"schema_version":"1.0","name":"ASL3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"8e9329be-cfe7-4736-84f6-5ead92b9c1aa","symbol":"ASL3","name":"Leverage Shares 3x Long ASML ETP Securities","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Acceleration, deceleration and rollover, Directional strength and control, 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":"2026-08-21","observations":42,"displayedObservations":42,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[0.124649,0.226329,0.379242,0.564227,0.685166,0.748779,0.726092,0.61006,0.403823,0.307695,0.081109,-0.067976,-0.098537,-0.226767],"opens":[77.059998,97.93,113.529999,131.020004,145.789993,116.900002,121.989998,107.980003,98.910004,104.339996,78.035004,76.660004,95.419998,118.580002],"highs":[98.870003,104.029999,114.290001,141.399994,145.789993,116.900002,126.195,110.985001,105.879997,111.230003,89.959999,92.32,113.620003,119.959999],"lows":[71.099998,92.800003,106.660004,131.020004,137.330002,115.099998,121.989998,107.980003,97.849998,98.669998,67.900002,76.660004,95.169998,92.68],"closes":[98.870003,94.669998,106.879997,141.399994,144.544998,116.580002,126.195,110.985001,100.389999,105.135002,80.230003,92.32,108.625,95.904999],"hoverRows":[[{"label":"Open","value":"77.1","className":"is-ohlc","compact":true},{"label":"High","value":"98.9","className":"is-ohlc","compact":true},{"label":"Low","value":"71.1","className":"is-ohlc","compact":true},{"label":"Close","value":"98.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.12","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"97.9","className":"is-ohlc","compact":true},{"label":"High","value":"104.0","className":"is-ohlc","compact":true},{"label":"Low","value":"92.8","className":"is-ohlc","compact":true},{"label":"Close","value":"94.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.23","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"113.5","className":"is-ohlc","compact":true},{"label":"High","value":"114.3","className":"is-ohlc","compact":true},{"label":"Low","value":"106.7","className":"is-ohlc","compact":true},{"label":"Close","value":"106.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.38","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"131.0","className":"is-ohlc","compact":true},{"label":"High","value":"141.4","className":"is-ohlc","compact":true},{"label":"Low","value":"131.0","className":"is-ohlc","compact":true},{"label":"Close","value":"141.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.56","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"145.8","className":"is-ohlc","compact":true},{"label":"High","value":"145.8","className":"is-ohlc","compact":true},{"label":"Low","value":"137.3","className":"is-ohlc","compact":true},{"label":"Close","value":"144.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.69","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"116.9","className":"is-ohlc","compact":true},{"label":"High","value":"116.9","className":"is-ohlc","compact":true},{"label":"Low","value":"115.1","className":"is-ohlc","compact":true},{"label":"Close","value":"116.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.75","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"122.0","className":"is-ohlc","compact":true},{"label":"High","value":"126.2","className":"is-ohlc","compact":true},{"label":"Low","value":"122.0","className":"is-ohlc","compact":true},{"label":"Close","value":"126.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.73","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"108.0","className":"is-ohlc","compact":true},{"label":"High","value":"111.0","className":"is-ohlc","compact":true},{"label":"Low","value":"108.0","className":"is-ohlc","compact":true},{"label":"Close","value":"111.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"98.9","className":"is-ohlc","compact":true},{"label":"High","value":"105.9","className":"is-ohlc","compact":true},{"label":"Low","value":"97.8","className":"is-ohlc","compact":true},{"label":"Close","value":"100.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.40","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"104.3","className":"is-ohlc","compact":true},{"label":"High","value":"111.2","className":"is-ohlc","compact":true},{"label":"Low","value":"98.7","className":"is-ohlc","compact":true},{"label":"Close","value":"105.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.31","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"78.0","className":"is-ohlc","compact":true},{"label":"High","value":"90.0","className":"is-ohlc","compact":true},{"label":"Low","value":"67.9","className":"is-ohlc","compact":true},{"label":"Close","value":"80.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.08","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.7","className":"is-ohlc","compact":true},{"label":"High","value":"92.3","className":"is-ohlc","compact":true},{"label":"Low","value":"76.7","className":"is-ohlc","compact":true},{"label":"Close","value":"92.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.07","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"95.4","className":"is-ohlc","compact":true},{"label":"High","value":"113.6","className":"is-ohlc","compact":true},{"label":"Low","value":"95.2","className":"is-ohlc","compact":true},{"label":"Close","value":"108.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.10","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"118.6","className":"is-ohlc","compact":true},{"label":"High","value":"120.0","className":"is-ohlc","compact":true},{"label":"Low","value":"92.7","className":"is-ohlc","compact":true},{"label":"Close","value":"95.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[76.371103,148.403898],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.226767,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-19","price":144.544998}],"reversal_dangers":[{"date":"2026-06-26","price":116.580002}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[35.205,35.38,29.215,37.585,43.865,41.125,36.95,37.37,47.435,60.255,73.285,77.97,85.655,79.275,81.545,90.905,85.5,64.25,65.77,60.49,60.795,61.325,82.92,77.555,76.52,72.18,89.005,80.85,98.87,94.67,106.88,141.4,144.545,116.58,126.195,110.985,100.39,105.135,80.23,92.32,108.625,95.905],"consensus":[-100.0,-10.4635,-91.3347,41.438,61.4228,0.0,0.0,0.0,65.0921,85.9833,81.8752,75.39,54.8978,24.9192,39.0152,65.1444,0.0,-40.2906,0.0,-35.9711,-17.6398,0.0,51.3734,0.0,16.1089,0.0,52.0364,-8.5008,59.5413,11.8891,28.4144,71.3807,50.7149,18.9083,54.0135,0.0,-27.6492,0.0,-51.8831,13.9798,39.5785,-34.0083],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,0.0,0.0,0.0,61.1324,85.1829,80.5706,72.2433,43.9057,15.6523,34.716,68.3887,0.0,-38.116,0.0,-30.9336,-7.8671,0.0,54.3474,0.0,13.6389,0.0,55.4852,-12.1984,58.9964,2.3997,18.4176,84.3347,53.5164,14.8247,61.3102,0.0,-25.3557,0.0,-40.4539,22.791,37.2269,-34.6213],"force":[-100.0,-10.4635,-91.3347,41.438,35.0137,0.0,0.0,0.0,87.0734,96.4889,81.4942,70.0264,36.3527,25.6656,12.836,51.9681,0.0,-65.0978,0.0,-43.6658,-11.1385,0.0,64.1915,0.0,6.2062,0.0,73.2245,-37.5093,76.0482,16.822,14.3623,58.1249,22.8659,11.7058,46.9866,0.0,-29.7697,0.0,-68.466,67.8726,75.6139,-50.1385],"direction":[null,null,null,null,80.2865,0.0,0.0,0.0,53.9164,79.394,83.6383,82.8174,80.7066,71.642,62.6281,70.8484,0.0,-25.0565,0.0,-36.232,-33.4526,0.0,38.8188,0.0,26.0051,0.0,32.9605,-16.4456,48.3735,43.2421,49.8765,66.0446,67.4053,45.4424,50.6937,0.0,-28.7556,0.0,-53.1001,34.585,16.5263,-21.7862],"intensity":[null,null,null,null,75.0,40.0,100.0,14.2857,100.0,100.0,100.0,36.3636,100.0,92.3077,64.2857,66.6667,75.0,88.2353,33.3333,47.3684,25.0,76.1905,86.3636,78.2609,62.5,28.0,80.7692,33.3333,82.1429,89.6552,70.0,96.7742,21.875,93.9394,50.0,68.5714,55.5556,13.5135,94.7368,61.5385,80.0,60.9756],"confirmation":[54.6667,26.015,51.8938,35.9268,63.7814,30.9201,28.6161,24.4581,89.5597,95.847,94.2083,92.0093,85.1696,34.7157,79.7525,88.3952,7.6247,81.6822,26.5125,79.822,50.9289,25.107,84.7848,6.343,50.224,24.9923,85.2448,29.723,87.5646,6.6628,76.8167,90.2404,83.3373,30.3438,84.959,4.6136,76.9473,4.5703,85.2821,36.0265,81.7992,79.3649],"persistence":[null,null,100.0,50.0,20.0,16.6667,14.2857,12.5,12.5,37.5,62.5,62.5,62.5,75.0,87.5,100.0,87.5,62.5,50.0,25.0,0.0,12.5,12.5,25.0,12.5,0.0,12.5,12.5,37.5,50.0,50.0,62.5,62.5,75.0,75.0,87.5,62.5,50.0,25.0,25.0,25.0,0.0],"assessmentRisk":[null,null,null,null,14.7773,36.8856,46.6175,0.0956,4.5742,6.7557,9.0601,12.3046,22.5506,37.2046,22.8552,15.9593,4.1402,26.0566,45.2493,31.8728,40.6962,13.4911,21.0862,45.5074,38.2966,39.813,0.384,19.2971,18.2719,42.1731,33.2606,14.3018,24.5776,35.0124,15.3949,47.0563,35.8046,32.8846,23.566,46.955,2.3244,7.6339],"volumeParticipation":true,"latest":{"consensus":-34.0,"control":-34.6,"force":-50.1,"direction":-21.8,"confirmation":79.4,"persistence":0.0,"assessmentRisk":7.6,"intensity":61.0,"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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-34.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-34.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-50.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"79/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"51.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"20.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"28.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"48%","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":[35.205,35.38,29.215,37.585,43.865,41.125,36.95,37.37,47.435,60.255,73.285,77.97,85.655,79.275,81.545,90.905,85.5,64.25,65.77,60.49,60.795,61.325,82.92,77.555,76.52,72.18,89.005,80.85,98.87,94.67,106.88,141.4,144.545,116.58,126.195,110.985,100.39,105.135,80.23,92.32,108.625,95.905],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,36.422,37.2771,37.2176,37.2453,39.098,42.9447,48.4611,53.8264,59.6134,63.1882,66.5258,70.9584,73.6023,71.9019,70.787,68.9148,67.4385,66.327,69.3439,70.8368,71.8701,71.9265,75.0316,76.0895,80.2314,82.8566,87.2245,97.0746,105.7056,107.6827,111.0486,111.037,109.1012,108.3801,103.2619,101.2725,102.6093,101.3903],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,47.1137,49.496,51.87,54.7615,57.0384,57.5726,58.1798,58.3509,58.532,58.7389,60.5301,61.7912,62.8822,63.5709,65.4549,66.5953,68.986,70.8885,73.5546,78.5802,83.4664,85.9193,88.9027,90.5384,91.2682,92.2953,91.4016,91.4696,92.7404,92.9748],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,56.7177,67.87,76.5097,85.1363,89.2633,92.9495,98.1135,100.9095,100.1712,99.6059,98.6793,98.522,98.1756,98.9912,99.3322,99.7108,98.9823,98.9726,96.4851,98.2266,100.0586,104.9363,119.7162,131.4487,135.1129,140.1095,141.9523,142.7963,143.5563,143.0463,142.1179,141.8515,140.1697],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,24.1593,18.9791,16.0969,13.5244,13.6753,13.9991,13.514,14.2105,15.6922,17.0826,18.2237,20.94,23.8809,28.4358,32.0918,34.9787,38.8127,44.0279,50.8634,54.2654,55.8749,54.3567,45.9198,40.0763,40.1426,39.611,39.7762,40.4212,43.7497,45.7057,49.8171,54.8665,60.0063],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"drawdown","eyebrow":"Path 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":[0.0,0.0,-17.4251,0.0,0.0,-6.2464,-15.7643,-14.8068,0.0,0.0,0.0,0.0,0.0,-7.4485,-4.7983,0.0,-5.9458,-29.3218,-27.6497,-33.458,-33.1225,-32.5395,-8.7839,-14.6857,-15.8242,-20.5984,-2.0901,-11.061,0.0,-4.248,0.0,0.0,0.0,-19.3469,-12.695,-23.2177,-30.5476,-27.2649,-44.4948,-36.1306,-24.8504,-33.6504],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,27.9137,62.3652,106.2468,150.8472,166.8835,193.1884,171.3503,179.1203,211.1586,192.6579,119.9213,125.1241,107.0512,108.0951,109.9093,183.8268,165.4629,161.9202,147.0649,204.6551,176.7414,167.5778,156.2111,189.2557,282.6793,286.7942,145.7679,109.4349,83.4766,65.9613,73.8056,32.6335,52.6203,79.5751,58.5469],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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 norm","values":[null,null,null,null,null,null,null,53.5228,177.038,160.1694,128.1056,209.404,59.8299,154.5171,44.2002,48.1847,87.6567,52.4601,56.4935,52.5591,51.2988,40.3344,26.6586,387.2233,97.1119,48.3571,70.4458,70.1897,67.6284,85.8753,28.3845,8.1462,6.0438,1.7009,58.9476,35.3529,12.892,562.686,431.3148,159.1257,121.6142,32.9855],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,75.9254,115.9144,135.0,135.0,135.0,135.0,125.5891,128.1779,130.9059,125.9812,123.1141,126.1288,123.3924,126.0445,128.14,129.4428,106.5438,100.8728,98.1827,102.1335,98.1406,101.8173,97.3184,98.7267,99.0808,99.3338,99.2706,101.4504,100.1687,99.7302,125.2391,101.1384,110.562,118.0587,116.0264],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,9.702,10.775,11.6739,12.9918,13.4452,11.952,10.7671,9.2949,8.0599,7.0427,7.8882,8.0328,7.9719,7.4872,8.3642,8.3055,9.6024,10.1739,11.4798,15.1259,18.061,17.9239,18.3793,17.3132,15.4355,14.167,11.025,9.4021,9.3242,8.1421],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,11.3393,11.4618,11.3229,10.9173,10.3458,9.6852,9.3258,9.0672,8.8481,8.5759,8.5336,8.488,8.7109,9.0035,9.4987,10.6242,12.1115,13.274,14.2951,14.8987,15.0061,14.8383,14.0756,13.1409,12.3776,11.5305],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2.1059,0.4901,-0.5558,-1.6224,-2.2859,-2.6425,-1.4376,-1.0344,-0.8762,-1.0888,-0.1694,-0.1825,0.8915,1.1705,1.9811,4.5017,5.9494,4.6499,4.0842,2.4145,0.4295,-0.6712,-3.0506,-3.7388,-3.0534,-3.3884],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,42.9194,42.4711,41.5165,40.8978,40.8111,41.6978,42.6469,41.6417,41.0718,39.5527,37.5028,35.8588,33.911,31.9753,30.2525,28.9302],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,43.0966,40.3846,39.658,40.9182,35.1441,31.0765,30.1247,26.8635,24.816,28.6463,29.3455,27.9757,26.3224,30.0865,29.5697,26.2187,27.1466,29.191,35.7773,36.3256,32.2164,34.6824,32.1713,30.4587,31.0894,26.6652,25.9631,31.9948,31.1105],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,10.6084,9.9408,8.9304,7.7985,18.5198,19.5504,17.7646,18.3876,19.1493,16.6685,15.179,14.501,16.4465,14.895,13.7104,14.397,13.7199,12.6045,10.9221,10.5504,17.8973,17.2126,21.5351,24.4942,23.2213,31.6766,29.7585,27.3341,24.5729],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,14.7384,14.1982,13.1647,14.8835,21.413,21.9664,24.4072,25.2877,25.1991,19.8809,21.6748,21.3976,22.387,18.6142,20.6722,17.7033,18.0154,16.1287,13.0642,12.2851,15.9482,14.2249,16.1914,17.5562,16.4197,23.2948,20.0098,17.1922,20.1133],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,80.5133,112.588,130.4718,145.1679,146.8603,147.6417,151.5747,150.6237,145.8252,141.4422,137.6449,129.8857,121.7382,110.7385,102.3259,96.1204,87.3321,76.8456,61.9236,57.657,56.6698,63.5051,89.1067,106.5412,108.3793,111.8387,112.4492,111.7526,106.5707,103.1412,96.1792,88.4363,80.093],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/8e9329be-cfe7-4736-84f6-5ead92b9c1aa/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/8e9329be-cfe7-4736-84f6-5ead92b9c1aa/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/8e9329be-cfe7-4736-84f6-5ead92b9c1aa/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/8e9329be-cfe7-4736-84f6-5ead92b9c1aa/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/8e9329be-cfe7-4736-84f6-5ead92b9c1aa/technical-pack/data.json"},"source_fingerprint":"1fd26860eae8768d1ccf588f331ef6d23ba9b5e4953a085d2e0c7c896da12da8","content_hash":"da2081dadd7913fdd94644496128f8c77b68132cb56348ec29e64d0ac52bae6c","citation":"Sharemaestro, ASL3 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/8e9329be-cfe7-4736-84f6-5ead92b9c1aa/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}