{"schema_version":"1.0","name":"2788 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9671e2e8-6d75-4802-ab79-11d540b178b5","symbol":"2788","name":"Chuangxin Industries Holdings Limited","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Basic Materials","industry":"Aluminum"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Range position and boundary pressure, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control."},{"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":39,"displayedObservations":39,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.741604,-1.040052,-1.241103,-1.295813,-1.401731,-1.477278,-1.432325,-1.391177,-1.154189,-0.920099,-0.67494],"opens":[18.85,20.219999,14.13,13.62,15.35,16.4,16.049999,16.540001,16.860001,17.51,16.6],"highs":[20.059999,20.879999,14.25,15.62,15.9,16.440001,17.879999,17.15,17.52,19.389999,17.450001],"lows":[18.85,16.190001,13.71,13.62,14.91,15.36,15.63,15.09,15.8,16.709999,14.84],"closes":[19.84,16.68,14.1,15.48,15.1,15.7,16.18,16.690001,17.5,16.83,16.49],"hoverRows":[[{"label":"Open","value":"18.9","className":"is-ohlc","compact":true},{"label":"High","value":"20.1","className":"is-ohlc","compact":true},{"label":"Low","value":"18.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.74","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.2","className":"is-ohlc","compact":true},{"label":"High","value":"20.9","className":"is-ohlc","compact":true},{"label":"Low","value":"16.2","className":"is-ohlc","compact":true},{"label":"Close","value":"16.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.1","className":"is-ohlc","compact":true},{"label":"High","value":"14.2","className":"is-ohlc","compact":true},{"label":"Low","value":"13.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.24","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.6","className":"is-ohlc","compact":true},{"label":"High","value":"15.6","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.30","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.3","className":"is-ohlc","compact":true},{"label":"High","value":"15.9","className":"is-ohlc","compact":true},{"label":"Low","value":"14.9","className":"is-ohlc","compact":true},{"label":"Close","value":"15.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.40","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.4","className":"is-ohlc","compact":true},{"label":"High","value":"16.4","className":"is-ohlc","compact":true},{"label":"Low","value":"15.4","className":"is-ohlc","compact":true},{"label":"Close","value":"15.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.48","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.0","className":"is-ohlc","compact":true},{"label":"High","value":"17.9","className":"is-ohlc","compact":true},{"label":"Low","value":"15.6","className":"is-ohlc","compact":true},{"label":"Close","value":"16.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.43","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.5","className":"is-ohlc","compact":true},{"label":"High","value":"17.1","className":"is-ohlc","compact":true},{"label":"Low","value":"15.1","className":"is-ohlc","compact":true},{"label":"Close","value":"16.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.39","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.9","className":"is-ohlc","compact":true},{"label":"High","value":"17.5","className":"is-ohlc","compact":true},{"label":"Low","value":"15.8","className":"is-ohlc","compact":true},{"label":"Close","value":"17.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.15","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.5","className":"is-ohlc","compact":true},{"label":"High","value":"19.4","className":"is-ohlc","compact":true},{"label":"Low","value":"16.7","className":"is-ohlc","compact":true},{"label":"Close","value":"16.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.92","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.6","className":"is-ohlc","compact":true},{"label":"High","value":"17.5","className":"is-ohlc","compact":true},{"label":"Low","value":"14.8","className":"is-ohlc","compact":true},{"label":"Close","value":"16.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.67","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[13.7556,20.1844],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.67494,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.58,"forwardCorrelation":-0.17,"directionalAgreement":42.9,"sample":7,"correlationSample":26,"label":"Strong relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":14.8,"averageReturn":14.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":9.8,"sample":1},{"week":2,"averageReturn":7.1,"sample":1},{"week":3,"averageReturn":11.3,"sample":1},{"week":4,"averageReturn":14.8,"sample":1},{"week":5,"averageReturn":18.4,"sample":1},{"week":6,"averageReturn":24.1,"sample":1},{"week":7,"averageReturn":19.4,"sample":1},{"week":8,"averageReturn":17.0,"sample":1},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-23.9,"averageReturn":-23.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-15.9,"sample":1},{"week":2,"averageReturn":-28.9,"sample":1},{"week":3,"averageReturn":-22.0,"sample":1},{"week":4,"averageReturn":-23.9,"sample":1},{"week":5,"averageReturn":-20.9,"sample":1},{"week":6,"averageReturn":-18.4,"sample":1},{"week":7,"averageReturn":-15.9,"sample":1},{"week":8,"averageReturn":-11.8,"sample":1},{"week":9,"averageReturn":-15.2,"sample":1},{"week":10,"averageReturn":-16.9,"sample":1},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":21.4,"averageExpectedMove":21.4,"averageWeeksToLargestMove":7.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":7.3,"medianReturn":7.3,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-24.7,"medianReturn":-24.7,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":14.8,"sample":2},{"week":2,"averageReturn":1.5,"sample":2},{"week":3,"averageReturn":3.3,"sample":2},{"week":4,"averageReturn":7.3,"sample":2},{"week":5,"averageReturn":-14.6,"sample":2},{"week":6,"averageReturn":-18.5,"sample":2},{"week":7,"averageReturn":-24.3,"sample":2},{"week":8,"averageReturn":-8.9,"sample":2},{"week":9,"averageReturn":-18.6,"sample":2},{"week":10,"averageReturn":-13.1,"sample":2},{"week":11,"averageReturn":-7.3,"sample":2},{"week":12,"averageReturn":-24.7,"sample":2},{"week":13,"averageReturn":-29.2,"sample":2},{"week":14,"averageReturn":-35.7,"sample":2},{"week":15,"averageReturn":-33.7,"sample":2},{"week":16,"averageReturn":-40.8,"sample":1},{"week":17,"averageReturn":-38.5,"sample":1},{"week":18,"averageReturn":-36.6,"sample":1},{"week":19,"averageReturn":-34.6,"sample":1},{"week":20,"averageReturn":-31.4,"sample":1},{"week":21,"averageReturn":-34.0,"sample":1},{"week":22,"averageReturn":-35.4,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-23.9,"medianReturn":-23.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-15.9,"sample":1},{"week":2,"averageReturn":-28.9,"sample":1},{"week":3,"averageReturn":-22.0,"sample":1},{"week":4,"averageReturn":-23.9,"sample":1},{"week":5,"averageReturn":-20.9,"sample":1},{"week":6,"averageReturn":-18.4,"sample":1},{"week":7,"averageReturn":-15.9,"sample":1},{"week":8,"averageReturn":-11.8,"sample":1},{"week":9,"averageReturn":-15.2,"sample":1},{"week":10,"averageReturn":-16.9,"sample":1},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.9,"medianReturn":1.9,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.2,"sample":1},{"week":2,"averageReturn":8.2,"sample":1},{"week":3,"averageReturn":4.0,"sample":1},{"week":4,"averageReturn":1.9,"sample":1},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":28.5,"averageExpectedMove":28.5,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":0.5,"medianReturn":0.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-32.1,"medianReturn":-32.1,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.9,"sample":1},{"week":2,"averageReturn":-5.7,"sample":1},{"week":3,"averageReturn":0.9,"sample":1},{"week":4,"averageReturn":0.5,"sample":1},{"week":5,"averageReturn":28.2,"sample":1},{"week":6,"averageReturn":8.5,"sample":1},{"week":7,"averageReturn":17.8,"sample":1},{"week":8,"averageReturn":28.5,"sample":1},{"week":9,"averageReturn":-13.0,"sample":1},{"week":10,"averageReturn":-26.9,"sample":1},{"week":11,"averageReturn":-38.2,"sample":1},{"week":12,"averageReturn":-32.1,"sample":1},{"week":13,"averageReturn":-33.8,"sample":1},{"week":14,"averageReturn":-31.2,"sample":1},{"week":15,"averageReturn":-29.1,"sample":1},{"week":16,"averageReturn":-26.8,"sample":1},{"week":17,"averageReturn":-23.3,"sample":1},{"week":18,"averageReturn":-26.2,"sample":1},{"week":19,"averageReturn":-27.7,"sample":1},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 28.5% across 1 completed cases, with the largest move arriving after 8.0 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":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[14.5618,18.4547,19.1731,18.6877,19.0857,19.8818,23.163,25.5123,26.056,24.2697,22.8135,22.1534,21.5127,23.0077,22.93,29.2402,24.7551,26.8714,29.3178,31.007,28.3665,25.59,22.5,23.72,20.38,21.76,18.61,19.41,19.84,16.68,14.1,15.48,15.1,15.7,16.18,16.69,17.5,16.83,16.49],"consensus":[30.131,92.9078,64.2857,10.3961,55.5018,44.874,66.0389,70.6631,51.1348,8.924,0.0,-11.4967,-16.1564,20.6892,0.0,72.6139,-18.0986,49.6511,48.7188,36.2467,0.0,-26.4863,-51.7591,0.0,-59.4485,-8.8757,-61.6179,-24.1719,-8.4218,-66.489,-42.2648,-11.7948,-43.1719,-27.258,-11.8311,0.0,17.7992,-20.6281,-9.736],"supportDates":["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,48.5209,70.5756,65.9931,44.5984,8.7367,0.0,-6.05,-8.6438,27.925,0.0,59.5213,-26.1902,47.4693,45.4652,37.8961,0.0,-27.726,-48.4002,0.0,-56.21,-0.2111,-56.6402,-16.6178,-1.3976,-61.2154,-36.579,-3.7609,-43.9493,-29.3567,-21.034,0.0,18.118,-26.3866,-10.1532],"force":[30.131,92.9078,64.2857,10.3961,13.4318,25.7568,46.9176,66.557,23.6039,44.6946,0.0,-28.2572,-24.2899,20.4647,0.0,90.8575,-74.2012,63.1734,48.217,20.0329,0.0,-51.441,-69.3744,0.0,-74.2657,-19.8485,-82.263,-0.63,-13.5898,-86.634,-22.882,-26.1361,-21.1842,-4.7617,-9.3938,0.0,36.9837,-30.478,-4.1758],"direction":[null,null,null,null,85.5517,54.3611,74.512,78.9333,78.2699,67.4065,0.0,-5.7498,-18.9326,12.5802,0.0,74.5457,-31.2222,42.4858,52.7955,45.9428,0.0,-7.2448,-43.0155,0.0,-52.5659,-39.7777,-52.5602,-49.6208,-32.1719,-58.1266,-62.6077,-56.6662,-57.989,-40.9283,-16.4741,0.0,3.7317,-7.0113,-13.2307],"intensity":[null,null,null,null,25.0,20.0,100.0,71.4286,62.5,55.5556,70.0,9.0909,58.3333,53.8462,71.4286,100.0,93.75,76.4706,94.4444,36.8421,60.0,66.6667,63.6364,21.7391,79.1667,24.0,73.0769,59.2593,3.5714,75.8621,100.0,22.5806,21.875,6.0606,32.3529,11.4286,16.6667,43.2432,44.7368],"confirmation":[32.3086,52.3972,43.2381,25.9934,61.1707,81.7215,88.4806,90.5582,83.6237,35.556,5.359,26.9394,73.5324,74.5034,3.3648,91.9919,36.7054,84.3337,83.6243,79.0797,32.2221,54.5506,85.1509,5.5818,87.5244,6.3826,88.4228,52.466,5.0303,89.9708,81.0207,9.2334,81.1331,53.3383,27.6695,3.3483,51.6089,52.1468,56.273],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,37.5,25.0,25.0,0.0,0.0,12.5,37.5,50.0,25.0,12.5,0.0,0.0,25.0,50.0,75.0,87.5,87.5,87.5,100.0,100.0,100.0,100.0,87.5,62.5,62.5,62.5],"assessmentRisk":[null,null,null,null,21.8293,14.7874,16.3273,14.6569,24.426,44.9691,11.7544,42.1332,41.42,42.2934,1.7512,13.5712,51.9293,20.5019,24.8983,12.1071,44.5986,8.6987,23.3493,45.9268,19.8389,38.5428,11.9868,32.2783,6.7627,15.5994,27.2614,41.8723,27.6715,9.6117,45.7647,29.3299,34.8142,41.0529,15.0359],"volumeParticipation":true,"latest":{"consensus":-9.7,"control":-10.2,"force":-4.2,"direction":-13.2,"confirmation":56.3,"persistence":62.5,"assessmentRisk":15.0,"intensity":44.7,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-9.7","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-10.2","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-4.2","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"56/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"51.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"17.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"20.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"15%","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 downward.","series":[{"label":"Close","values":[14.5618,18.4547,19.1731,18.6877,19.0857,19.8818,23.163,25.5123,26.056,24.2697,22.8135,22.1534,21.5127,23.0077,22.93,29.2402,24.7551,26.8714,29.3178,31.007,28.3665,25.59,22.5,23.72,20.38,21.76,18.61,19.41,19.84,16.68,14.1,15.48,15.1,15.7,16.18,16.69,17.5,16.83,16.49],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,16.947,17.4806,18.5138,19.7863,20.9262,21.5341,21.7667,21.837,21.7781,22.0016,22.1704,23.4558,23.6921,24.2701,25.1879,26.2459,26.6315,26.4421,25.7254,25.3608,24.4552,23.9651,22.9915,22.3403,21.8857,20.9392,19.6957,18.9292,18.233,17.7725,17.4829,17.3388,17.3681,17.2702,17.1284],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,19.1174,19.4056,19.6666,20.3758,20.7002,21.1573,21.7618,22.4466,22.8851,23.0855,23.0421,23.0923,22.8914,22.8076,22.4967,22.268,22.0882,21.6876,21.1255,20.7073,20.292,19.9518,19.6724,19.4515,19.307,19.1235,18.9284],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,27.89,27.8308,27.6618,27.4371,27.4132,27.3695,28.8024,28.897,29.3261,30.187,31.2608,31.2402,31.2085,31.0441,30.7877,30.6449,30.4905,30.8288,30.882,30.775,31.077,31.6875,31.9688,32.2267,32.2845,32.2522,31.2485,30.8563,30.0802,28.6268],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,13.8792,14.2891,14.6404,14.9206,15.2058,15.4656,15.0106,15.251,15.3551,15.2286,14.9847,16.3857,17.131,17.628,18.3877,18.66,19.0021,18.2085,17.5451,17.0305,15.9696,14.4877,13.5391,12.6399,11.8513,11.2087,10.9573,10.624,10.396,10.5666],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":[0.0,0.0,0.0,-2.5316,-0.4557,0.0,0.0,0.0,0.0,-6.8554,-12.4441,-14.9776,-17.4367,-11.699,-11.997,0.0,-15.3386,-8.1009,0.0,0.0,-8.516,-17.4703,-27.4357,-23.5012,-34.2729,-29.8223,-39.9813,-37.4012,-36.0145,-46.2057,-54.5264,-50.0758,-51.3013,-49.3663,-47.8182,-46.1734,-43.5611,-45.7219,-46.8185],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,75.2,78.9333,66.6667,56.6667,52.1333,47.7333,58.0,57.4667,100.8,70.0,84.5333,101.3333,112.9333,94.8,75.7333,54.5135,62.8915,39.9549,49.4317,0.8415,4.2988,6.6093,0.0,0.0,9.7872,7.0922,11.3475,14.7518,18.3688,24.1135,19.3617,16.9504],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,90.6317,94.6061,74.2728,64.5766,60.181,55.9147,65.8694,65.3523,84.2719,60.8321,71.8924,84.6778,90.1223,76.8215,62.8362,47.2715,53.4168,36.5928,43.544,22.2805,18.8026,15.2693,2.9205,2.0251,9.6134,7.6494,10.7505,13.2313,15.8673,20.0538,16.5909,14.8336],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-4.7826,-2.7536,-13.7336,-18.9096,-21.256,-23.5335,-18.2195,-18.4955,-9.3317,-23.239,-16.6767,-9.0909,-5.9482,-13.9576,-22.3793,-31.752,-28.0514,-38.1825,-33.9966,-43.5513,-41.1247,-39.8204,-49.4055,-57.2312,-53.0454,-54.198,-52.3781,-50.9221,-49.3751,-46.9182,-48.9505,-49.9818],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,94.5226,98.6676,85.0481,73.9452,68.9119,64.0266,75.4256,74.8334,122.946,88.7491,104.8853,123.5381,136.4175,116.2842,95.1147,71.5546,80.8566,55.3903,65.9123,28.399,19.2962,13.5388,3.0266,2.8446,13.6564,10.8664,15.2717,18.7959,22.5404,28.4875,23.5683,21.072],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,11.9197,12.6662,11.5758,14.506,13.6631,12.6976,12.016,13.0861,14.4453,16.5826,15.8107,18.6611,17.3847,20.6946,18.866,17.5744,21.4191,25.033,22.0956,21.5019,19.8127,18.845,17.8458,16.5062,17.0748,17.3126],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,67.0867,64.3005,61.5637,59.0988,57.2863,55.5798,62.9576,61.8191,62.5365,65.8735,70.3902,62.3799,58.2445,55.1284,50.4315,48.6155,46.4245,51.4721,55.08,57.5018,64.2234,74.498,80.9957,87.3113,92.592,96.839,96.154,97.5512,97.2633,92.1594],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,59.3382,35.609,69.2918,39.0084,26.2566,6.1166,35.2792,72.4116,175.4662,134.8001,93.2364,69.1027,33.3115,77.2578,86.5273,110.7017,123.3715,125.3303,102.2826,330.5963,26.6534,28.1303,171.6622,17.0827,65.4705,23.4678,17.9857,86.0464,51.1827,92.3117,177.3966,114.5709],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,128.0526,124.3664,122.041,121.5386,124.2989,118.7429,132.9194,121.7863,129.4561,135.0,135.0,130.9352,126.7117,121.424,127.3722,121.1016,126.4288,106.7728,108.2955,109.8764,99.9293,98.9604,102.7262,101.3659,102.3946,107.3052,109.9568,114.4696,105.6472,99.9188],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,38.336,35.7839,33.3135,31.9786,31.4713,30.4055,29.2955,28.0256,26.2308,24.7742,23.2564,22.1291,20.8028],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,24.9237,27.2967,33.1398,29.0058,26.3434,31.688,32.6754,30.4536,28.397,26.1246,24.1343,22.0991,20.6303,18.8166,18.3762,18.4328,16.7045,15.7005,17.9057,18.1317,18.8138,21.1955,20.1484,20.2064,23.5084,21.9733],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,8.7851,7.7028,6.1374,5.3718,8.0139,7.3392,6.8092,8.8494,14.1044,18.8178,18.108,19.7174,18.7657,19.8238,19.3598,18.8799,22.4277,26.0984,25.0084,24.4637,23.711,22.4612,22.6466,21.6834,20.2389,23.596],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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/9671e2e8-6d75-4802-ab79-11d540b178b5/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/9671e2e8-6d75-4802-ab79-11d540b178b5/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/9671e2e8-6d75-4802-ab79-11d540b178b5/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/9671e2e8-6d75-4802-ab79-11d540b178b5/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/9671e2e8-6d75-4802-ab79-11d540b178b5/technical-pack/data.json"},"source_fingerprint":"61d154f75a8f1de3ab810501c6c536c6900b857f4146ae32f364e8ce392f62cf","content_hash":"e245a29fb859b66f8be0e15f42f19fd734753d6e6439f752fcde95b210c50ea9","citation":"Sharemaestro, 2788 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/9671e2e8-6d75-4802-ab79-11d540b178b5/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."}