{"schema_version":"1.0","name":"3425 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9583a7b0-ebe0-46a3-96b5-c16c52447fdb","symbol":"3425","name":"Microbit Funds Series (Hong Kong) Etf Ofc - Microbit Ether Spot Etf","exchange":"HKG","country":"HK","asset_type":"etf","currency":"HKD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","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, Activity pressure and cumulative balance, Range position and boundary pressure, Drawdown and recovery pressure, Acceleration, deceleration and rollover, 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 strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","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":[0.103467,0.114654,-0.022248,-0.1584,-0.269735,-0.383597,-0.40883,-0.36195,-0.332159,-0.240379,-0.134017,-0.043343,0.048829,0.153218],"opens":[3.928,3.886,3.27,3.104,3.192,2.964,3.204,3.27,3.408,3.46,3.64,3.434,3.588,3.52],"highs":[3.96,3.886,3.27,3.104,3.314,2.964,3.204,3.31,3.408,3.588,3.64,3.548,3.588,4.418],"lows":[3.928,3.684,3.048,3.104,3.192,2.964,3.204,3.27,3.408,3.46,3.506,3.434,3.492,3.52],"closes":[3.944,3.706,3.114,3.104,3.248,2.964,3.204,3.3,3.408,3.532,3.52,3.548,3.494,4.398],"hoverRows":[[{"label":"Open","value":"3.93","className":"is-ohlc","compact":true},{"label":"High","value":"3.96","className":"is-ohlc","compact":true},{"label":"Low","value":"3.93","className":"is-ohlc","compact":true},{"label":"Close","value":"3.94","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.10","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.89","className":"is-ohlc","compact":true},{"label":"High","value":"3.89","className":"is-ohlc","compact":true},{"label":"Low","value":"3.68","className":"is-ohlc","compact":true},{"label":"Close","value":"3.71","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.11","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.27","className":"is-ohlc","compact":true},{"label":"High","value":"3.27","className":"is-ohlc","compact":true},{"label":"Low","value":"3.05","className":"is-ohlc","compact":true},{"label":"Close","value":"3.11","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.02","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.10","className":"is-ohlc","compact":true},{"label":"High","value":"3.10","className":"is-ohlc","compact":true},{"label":"Low","value":"3.10","className":"is-ohlc","compact":true},{"label":"Close","value":"3.10","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.16","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.19","className":"is-ohlc","compact":true},{"label":"High","value":"3.31","className":"is-ohlc","compact":true},{"label":"Low","value":"3.19","className":"is-ohlc","compact":true},{"label":"Close","value":"3.25","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.27","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2.96","className":"is-ohlc","compact":true},{"label":"High","value":"2.96","className":"is-ohlc","compact":true},{"label":"Low","value":"2.96","className":"is-ohlc","compact":true},{"label":"Close","value":"2.96","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.38","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.20","className":"is-ohlc","compact":true},{"label":"High","value":"3.20","className":"is-ohlc","compact":true},{"label":"Low","value":"3.20","className":"is-ohlc","compact":true},{"label":"Close","value":"3.20","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.41","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.27","className":"is-ohlc","compact":true},{"label":"High","value":"3.31","className":"is-ohlc","compact":true},{"label":"Low","value":"3.27","className":"is-ohlc","compact":true},{"label":"Close","value":"3.30","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.36","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.41","className":"is-ohlc","compact":true},{"label":"High","value":"3.41","className":"is-ohlc","compact":true},{"label":"Low","value":"3.41","className":"is-ohlc","compact":true},{"label":"Close","value":"3.41","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.33","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.46","className":"is-ohlc","compact":true},{"label":"High","value":"3.59","className":"is-ohlc","compact":true},{"label":"Low","value":"3.46","className":"is-ohlc","compact":true},{"label":"Close","value":"3.53","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.24","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.64","className":"is-ohlc","compact":true},{"label":"High","value":"3.64","className":"is-ohlc","compact":true},{"label":"Low","value":"3.51","className":"is-ohlc","compact":true},{"label":"Close","value":"3.52","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.13","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.43","className":"is-ohlc","compact":true},{"label":"High","value":"3.55","className":"is-ohlc","compact":true},{"label":"Low","value":"3.43","className":"is-ohlc","compact":true},{"label":"Close","value":"3.55","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.59","className":"is-ohlc","compact":true},{"label":"High","value":"3.59","className":"is-ohlc","compact":true},{"label":"Low","value":"3.49","className":"is-ohlc","compact":true},{"label":"Close","value":"3.49","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.05","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.52","className":"is-ohlc","compact":true},{"label":"High","value":"4.42","className":"is-ohlc","compact":true},{"label":"Low","value":"3.52","className":"is-ohlc","compact":true},{"label":"Close","value":"4.40","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[2.87796,4.48404],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.153218,"state":"Price ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"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":"Not confirming","detail":"Market Dynamics has strengthened over four weeks, but it still lags the elevated price.","tone":"caution"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"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":[6.24,5.925,5.035,5.595,5.865,5.965,5.415,5.425,5.535,5.735,6.09,5.44,5.05,3.512,3.596,3.632,3.752,3.894,3.874,3.984,3.82,3.82,4.042,4.322,4.282,4.17,4.224,4.188,3.944,3.706,3.114,3.104,3.248,2.964,3.204,3.3,3.408,3.532,3.52,3.548,3.494,4.398],"consensus":[-37.5566,-82.2485,-92.2652,48.1277,0.0,0.0,-20.2876,-24.9403,0.0,-8.0062,34.2296,-36.3717,-51.9445,-83.905,-52.2998,-28.2851,-16.9562,0.0,0.0,-20.5225,-31.4707,-27.107,11.0405,29.9783,0.0,-13.5263,0.0,-11.5624,-25.6551,-52.5552,-63.0304,-36.1065,-23.988,-45.8405,-8.9759,0.0,0.0,19.2827,0.0,24.1077,-14.515,76.1147],"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,-32.3372,-33.4052,0.0,-14.21,33.0746,-47.319,-46.3863,-83.0214,-55.7245,-8.7313,-5.2366,0.0,0.0,-34.8853,-41.7683,-36.6585,5.7996,27.5208,0.0,-30.3644,0.0,-16.0469,-27.373,-54.6821,-65.025,-33.1618,-21.1263,-46.099,-13.044,0.0,0.0,13.0001,0.0,24.8453,-27.6702,68.8947],"force":[-37.5566,-82.2485,-92.2652,48.1277,0.0,0.0,-14.681,-13.4026,0.0,-3.4194,36.7959,-45.6389,-69.6109,-94.469,-14.8959,-3.0659,-21.8176,0.0,0.0,-4.6897,-22.7098,-10.1039,44.5633,52.6735,0.0,-20.372,0.0,-14.4353,-21.7234,-67.2954,-69.103,-11.0786,-10.7835,-29.0212,-19.5773,0.0,0.0,25.2399,0.0,26.5638,-26.1046,99.0477],"direction":[null,null,null,null,0.0,0.0,-10.5213,-23.5075,0.0,-9.0772,33.7166,-17.241,-45.6778,-77.369,-75.1029,-73.0259,-58.0455,0.0,0.0,-15.4171,-25.9598,-28.3362,6.9149,16.576,0.0,-10.6069,0.0,-4.3851,-26.5002,-39.5958,-56.4133,-57.349,-52.0954,-57.5589,-24.7217,0.0,0.0,22.2078,0.0,21.5105,-8.7978,67.9852],"intensity":[null,null,null,null,50.0,80.0,83.3333,14.2857,12.5,55.5556,50.0,90.9091,50.0,100.0,50.0,13.3333,25.0,17.6471,5.5556,52.6316,35.0,9.5238,36.3636,39.1304,25.0,16.0,3.8462,14.8148,60.7143,44.8276,90.0,22.5806,28.125,63.6364,41.1765,14.2857,22.2222,27.027,2.6316,12.8205,7.5,97.561],"confirmation":[34.6848,48.9862,52.1915,38.0675,5.9298,1.5249,74.1376,75.5003,27.5335,48.182,79.0493,79.7545,85.2453,95.185,83.5438,54.3811,9.0773,7.0362,4.7494,51.1992,77.6467,76.0105,28.7763,78.3222,3.5346,29.21,26.7423,49.0525,76.0636,85.2345,88.3244,78.8362,31.6272,82.1524,28.7833,4.6388,24.7928,74.4478,4.7942,75.7781,29.3411,93.1656],"persistence":[null,null,100.0,50.0,40.0,33.3333,42.8571,50.0,37.5,37.5,12.5,37.5,50.0,62.5,62.5,62.5,75.0,62.5,75.0,75.0,75.0,75.0,50.0,25.0,12.5,25.0,25.0,25.0,25.0,25.0,50.0,75.0,87.5,87.5,100.0,87.5,75.0,50.0,37.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,27.4694,1.6169,42.3715,5.1327,31.5964,20.7631,29.0142,19.8884,14.5152,8.0098,23.8347,35.7464,40.9622,31.4983,27.7119,41.4384,22.7634,5.8638,11.3454,15.6839,38.0929,39.779,48.4623,34.1712,36.2467,23.4492,18.4814,31.9424,37.8368,26.9435,22.474,33.3786,30.9943,39.7751,45.8737,28.4524,25.8702,11.4276],"volumeParticipation":true,"latest":{"consensus":76.1,"control":68.9,"force":99.0,"direction":68.0,"confirmation":93.2,"persistence":12.5,"assessmentRisk":11.4,"intensity":97.6,"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":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+76.1","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+68.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+99.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+68.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"93/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"55.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"29.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"98%","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":[6.24,5.925,5.035,5.595,5.865,5.965,5.415,5.425,5.535,5.735,6.09,5.44,5.05,3.512,3.596,3.632,3.752,3.894,3.874,3.984,3.82,3.82,4.042,4.322,4.282,4.17,4.224,4.188,3.944,3.706,3.114,3.104,3.248,2.964,3.204,3.3,3.408,3.532,3.52,3.548,3.494,4.398],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,5.8978,5.91,5.82,5.7482,5.7094,5.7141,5.7824,5.7202,5.5983,5.219,4.9239,4.689,4.5186,4.4051,4.3085,4.2495,4.1714,4.1075,4.0956,4.1368,4.1632,4.1644,4.1753,4.1776,4.1351,4.0571,3.8856,3.7435,3.6534,3.5281,3.4691,3.4384,3.4329,3.4509,3.4635,3.4788,3.4816,3.6482],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.8376,5.6654,5.5121,5.3728,5.2528,5.1521,5.0574,4.9779,4.8921,4.8127,4.7556,4.7235,4.6908,4.6522,4.6205,4.5885,4.5407,4.4789,4.3778,4.2834,4.2067,4.1147,4.0472,3.9919,3.9486,3.9178,3.8883,3.8631,3.8358,3.8774],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,6.3281,6.3799,6.3461,6.3571,6.7834,6.9292,6.987,6.9893,6.9605,6.9265,6.8816,6.7318,6.6111,6.5815,6.4784,6.3157,6.109,5.9933,5.8632,5.6902,5.4372,5.0217,4.7472,4.5215,4.5758,4.5924,4.5988,4.5943,4.577,4.5598,4.5297,4.514,4.6],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,5.0189,5.0429,5.0314,4.9221,4.1919,3.7938,3.5199,3.341,3.2285,3.134,3.0743,2.9821,2.8923,2.8226,2.7984,2.8028,2.83,2.8266,2.833,2.8469,2.897,3.0149,3.0558,3.1013,2.9922,2.9364,2.8968,2.8669,2.848,2.8298,2.8163,2.7994,2.7712],"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":"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,9.8392,5.2364,12.0797,3.554,3.0625,23.9083,25.7464,416.6208,0.0,33.3167,341.364,0.0,0.4205,8.2898,19.8712,21.4211,18.9998,0.0109,15.2687,0.2189,1.906,0.0,31.1568,17.5122,0.0222,17.4185,0.0,0.0,39.6619,0.0,0.0,0.0,0.0,6.0435,237.8919],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,134.9057,134.2137,133.5088,135.0,135.0,135.0,135.0,135.0,135.0,134.8437,134.8437,135.0,135.0,134.9998,134.8562,134.8583,134.8407,134.8407,134.5535,134.3913,134.3911,134.5501,134.5501,134.5501,134.7459,134.7459,134.7459,134.7459,134.7459,134.7395,134.9737],"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":"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,21.25,26.75,36.75,54.5,22.0,2.9851,0.5701,2.9647,3.9909,10.177,14.104,13.5509,16.5929,12.0575,12.0575,18.1969,25.9403,24.8341,21.7367,25.37,28.8069,20.0645,11.5371,2.1106,1.7909,6.3959,0.0,7.4743,10.464,15.1226,21.9644,37.8231,39.7279,36.0544,97.551],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-22.5,-20.9286,-18.0714,-13.0,-22.2857,-27.8571,-49.8286,-48.6286,-48.1143,-46.4,-44.3714,-44.6571,-43.0857,-45.4286,-45.4286,-42.2571,-38.2571,-38.8286,-40.4286,-36.9081,-32.1781,-36.1296,-39.9838,-49.5709,-49.7328,-47.4008,-52.0,-48.1134,-46.5587,-42.2373,-36.3604,-20.6134,-19.982,-21.1998,-0.8119],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,8.5,10.7,14.7,21.8,8.8,1.2024,0.5727,2.9782,4.0092,10.8747,15.0709,14.4799,17.7305,12.8842,12.8842,19.4444,27.7187,26.5366,23.227,24.8227,23.7589,16.5485,9.5154,2.1654,1.8373,6.5617,0.0,8.0972,11.336,14.9798,19.1633,18.7584,19.7031,17.8812,48.3806],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"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":"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,-5.0481,-19.3109,-10.3365,-6.0096,-4.4071,-13.2212,-13.0609,-11.2981,-8.0929,-2.4038,-12.8205,-19.0705,-43.7179,-42.3718,-41.7949,-39.8718,-37.5962,-37.9167,-36.1538,-38.7821,-38.7821,-35.2244,-30.7372,-31.3782,-33.1731,-32.3077,-32.8846,-36.7949,-40.609,-50.0962,-50.2564,-47.9487,-52.5,-48.6538,-47.1154,-45.3846,-43.3974,-43.5897,-43.141,-44.0064,-29.5192],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,7.7458,9.9305,13.9027,20.9533,8.0437,0.2979,0.0,2.3918,3.4169,6.8337,10.877,10.3075,13.4396,8.7699,8.7699,15.0911,23.0638,21.9248,18.7358,20.2733,19.2483,12.3007,5.5239,0.0,0.0,4.6392,0.0,8.0972,11.336,14.9798,19.1633,18.7584,19.7031,17.8812,48.3806],"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":"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,-0.198,-0.353,-0.4638,-0.5424,-0.5883,-0.6062,-0.6149,-0.6059,-0.605,-0.5975,-0.5671,-0.5144,-0.4705,-0.4397,-0.4062,-0.3782,-0.3714,-0.3809,-0.4311,-0.4664,-0.4773,-0.503,-0.4982,-0.4812,-0.4537,-0.4172,-0.3847,-0.3527,-0.3279,-0.2326],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.381,-0.4261,-0.4638,-0.4922,-0.5148,-0.5313,-0.5385,-0.5337,-0.521,-0.5048,-0.485,-0.4637,-0.4452,-0.4323,-0.4321,-0.439,-0.4466,-0.4579,-0.466,-0.469,-0.466,-0.4562,-0.4419,-0.4241,-0.4048,-0.3704],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.2072,-0.1801,-0.151,-0.1137,-0.0902,-0.0662,-0.0286,0.0193,0.0505,0.0651,0.0789,0.0855,0.0738,0.0515,0.001,-0.0275,-0.0306,-0.0451,-0.0323,-0.0122,0.0122,0.039,0.0572,0.0714,0.077,0.1378],"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":"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,23.4795,21.9406,20.2423,18.9796,17.5756,16.8285,15.9695,15.8656,14.9755,13.7747,12.5538,12.0596,11.8038,11.196,10.7381,11.0588,11.4295,14.14,13.1953,12.1714,13.0694,11.7618,10.8334,9.9672,9.2943,8.9318,8.4578,8.1713,7.5287],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,23.0752,23.409,23.1112,25.4443,47.2245,58.4792,65.9961,70.6341,73.2541,75.3927,76.4832,77.2012,78.2642,79.9418,79.3371,77.0484,73.3623,71.807,69.6883,66.6091,60.9562,49.9403,43.3504,37.2628,41.8501,43.9925,45.4118,46.3061,46.5704,46.823,46.6481,46.8887,49.6216],"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/9583a7b0-ebe0-46a3-96b5-c16c52447fdb/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/9583a7b0-ebe0-46a3-96b5-c16c52447fdb/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/9583a7b0-ebe0-46a3-96b5-c16c52447fdb/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/9583a7b0-ebe0-46a3-96b5-c16c52447fdb/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/9583a7b0-ebe0-46a3-96b5-c16c52447fdb/technical-pack/data.json"},"source_fingerprint":"7f85d8a3ca3a2e37bdbb3165bfe01249c5df20dfda55de39138eddef093a6585","content_hash":"17002eb1c24f96faf61387ad9358cdb6e4918c14c8b3053bbf68e3a1e6d9f44c","citation":"Sharemaestro, 3425 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/9583a7b0-ebe0-46a3-96b5-c16c52447fdb/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."}