{"schema_version":"1.0","name":"NFN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"97d00cff-3fa6-4c21-9173-42d102101d2d","symbol":"NFN","name":"NFON AG","exchange":"VIE","country":"AT","asset_type":"equity","currency":"EUR","sector":"Technology","industry":"Software - Infrastructure"},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Completed returns and cumulative progression, Range expansion and closing direction, Range pressure and compression, Acceleration, deceleration and rollover, Drawdown and recovery pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":19,"displayedObservations":19,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-04-17","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"],"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],"opens":[3.15,3.39,3.39,3.39,3.39,3.2,3.29,3.16,3.18,3.39,3.36,3.44,3.68,3.59,3.71,3.62,3.46,3.76,3.66],"highs":[3.46,3.41,3.45,3.46,3.46,3.3,3.4,3.16,3.34,3.42,3.52,3.77,3.72,3.66,3.8,3.68,3.72,3.76,3.82],"lows":[3.15,3.35,3.38,3.39,3.06,3.13,3.16,3.11,3.18,3.29,3.32,3.44,3.68,3.58,3.64,3.45,3.46,3.56,3.42],"closes":[3.46,3.36,3.45,3.46,3.2,3.27,3.26,3.11,3.34,3.42,3.52,3.77,3.7,3.66,3.8,3.56,3.71,3.56,3.46],"hoverRows":[[{"label":"Open","value":"3.15","className":"is-ohlc","compact":true},{"label":"High","value":"3.46","className":"is-ohlc","compact":true},{"label":"Low","value":"3.15","className":"is-ohlc","compact":true},{"label":"Close","value":"3.46","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"3.39","className":"is-ohlc","compact":true},{"label":"High","value":"3.41","className":"is-ohlc","compact":true},{"label":"Low","value":"3.35","className":"is-ohlc","compact":true},{"label":"Close","value":"3.36","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"3.39","className":"is-ohlc","compact":true},{"label":"High","value":"3.45","className":"is-ohlc","compact":true},{"label":"Low","value":"3.38","className":"is-ohlc","compact":true},{"label":"Close","value":"3.45","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.20","className":"is-ohlc","compact":true},{"label":"High","value":"3.30","className":"is-ohlc","compact":true},{"label":"Low","value":"3.13","className":"is-ohlc","compact":true},{"label":"Close","value":"3.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.29","className":"is-ohlc","compact":true},{"label":"High","value":"3.40","className":"is-ohlc","compact":true},{"label":"Low","value":"3.16","className":"is-ohlc","compact":true},{"label":"Close","value":"3.26","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.16","className":"is-ohlc","compact":true},{"label":"High","value":"3.16","className":"is-ohlc","compact":true},{"label":"Low","value":"3.11","className":"is-ohlc","compact":true},{"label":"Close","value":"3.11","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.18","className":"is-ohlc","compact":true},{"label":"High","value":"3.34","className":"is-ohlc","compact":true},{"label":"Low","value":"3.18","className":"is-ohlc","compact":true},{"label":"Close","value":"3.34","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"3.39","className":"is-ohlc","compact":true},{"label":"High","value":"3.42","className":"is-ohlc","compact":true},{"label":"Low","value":"3.29","className":"is-ohlc","compact":true},{"label":"Close","value":"3.42","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"3.36","className":"is-ohlc","compact":true},{"label":"High","value":"3.52","className":"is-ohlc","compact":true},{"label":"Low","value":"3.32","className":"is-ohlc","compact":true},{"label":"Close","value":"3.52","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.44","className":"is-ohlc","compact":true},{"label":"High","value":"3.77","className":"is-ohlc","compact":true},{"label":"Low","value":"3.44","className":"is-ohlc","compact":true},{"label":"Close","value":"3.77","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"3.68","className":"is-ohlc","compact":true},{"label":"High","value":"3.72","className":"is-ohlc","compact":true},{"label":"Low","value":"3.68","className":"is-ohlc","compact":true},{"label":"Close","value":"3.70","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"3.59","className":"is-ohlc","compact":true},{"label":"High","value":"3.66","className":"is-ohlc","compact":true},{"label":"Low","value":"3.58","className":"is-ohlc","compact":true},{"label":"Close","value":"3.66","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.71","className":"is-ohlc","compact":true},{"label":"High","value":"3.80","className":"is-ohlc","compact":true},{"label":"Low","value":"3.64","className":"is-ohlc","compact":true},{"label":"Close","value":"3.80","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.62","className":"is-ohlc","compact":true},{"label":"High","value":"3.68","className":"is-ohlc","compact":true},{"label":"Low","value":"3.45","className":"is-ohlc","compact":true},{"label":"Close","value":"3.56","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.46","className":"is-ohlc","compact":true},{"label":"High","value":"3.72","className":"is-ohlc","compact":true},{"label":"Low","value":"3.46","className":"is-ohlc","compact":true},{"label":"Close","value":"3.71","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.76","className":"is-ohlc","compact":true},{"label":"High","value":"3.76","className":"is-ohlc","compact":true},{"label":"Low","value":"3.56","className":"is-ohlc","compact":true},{"label":"Close","value":"3.56","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.66","className":"is-ohlc","compact":true},{"label":"High","value":"3.82","className":"is-ohlc","compact":true},{"label":"Low","value":"3.42","className":"is-ohlc","compact":true},{"label":"Close","value":"3.46","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[3.0686,3.8414],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":3.46},{"date":"2026-06-12","price":3.34},{"date":"2026-07-03","price":3.77}],"reversal_dangers":[{"date":"2026-04-24","price":3.36},{"date":"2026-06-19","price":3.42},{"date":"2026-07-10","price":3.7}]}},"smTape":{"available":true,"dates":["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":[3.46,3.36,3.45,3.46,3.2,3.27,3.26,3.11,3.34,3.42,3.52,3.77,3.7,3.66,3.8,3.56,3.71,3.56,3.46],"consensus":[100.0,-66.6667,100.0,100.0,-65.557,0.0,-22.9445,-57.7344,36.8411,33.4356,49.313,72.4639,30.4737,41.0628,61.9971,-25.1318,40.8464,-32.245,-38.2981],"supportDates":["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,-15.328,-57.327,36.4734,31.7729,43.7792,66.0884,19.4009,37.8996,60.0399,-18.466,45.8155,-32.9609,-30.3306],"force":[100.0,-66.6667,100.0,100.0,-61.6118,0.0,-18.4976,-60.2847,69.5052,44.5779,62.8252,87.6017,7.4831,34.579,65.3935,-49.141,59.4725,-65.5304,-62.7477],"direction":[null,null,null,null,-68.3751,0.0,-34.8254,-56.3783,13.9299,27.3771,45.9858,68.9375,59.5501,49.3092,61.8079,-15.6004,21.863,-7.6515,-29.9398],"intensity":[null,null,null,null,100.0,60.0,50.0,85.7143,75.0,44.4444,40.0,90.9091,83.3333,38.4615,50.0,80.0,50.0,52.9412,44.4444],"confirmation":[54.6667,44.0,54.6667,54.6667,66.1312,6.059,75.3228,86.5589,80.7902,79.0643,84.2763,91.7469,54.553,80.9907,87.9724,76.8755,81.5628,56.6552,55.0],"persistence":[null,null,33.3333,50.0,20.0,16.6667,0.0,12.5,12.5,12.5,12.5,12.5,37.5,50.0,75.0,75.0,75.0,50.0,25.0],"assessmentRisk":[null,null,null,null,15.3547,29.148,34.6451,20.8815,19.1592,23.0109,23.2638,13.7558,34.118,26.4555,17.3197,31.2586,17.281,13.5765,29.8056],"volumeParticipation":false,"latest":{"consensus":-38.3,"control":-30.3,"force":-62.7,"direction":-29.9,"confirmation":55.0,"persistence":25.0,"assessmentRisk":29.8,"intensity":44.4,"evidenceDepth":73},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-38.3","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-30.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-62.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-29.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"37.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"7.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"53%","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":[3.46,3.36,3.45,3.46,3.2,3.27,3.26,3.11,3.34,3.42,3.52,3.77,3.7,3.66,3.8,3.56,3.71,3.56,3.46],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,3.4016,3.3776,3.3562,3.3115,3.3167,3.3354,3.369,3.4419,3.4888,3.52,3.5709,3.5689,3.5946,3.5883,3.5649],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,3.4448,3.4608,3.4859,3.4914,3.5076,3.5115,3.5077],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,3.5619,3.5933,3.7139,3.767,3.7953,3.8534,3.8509,3.8719,3.8675,3.8563],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,3.1041,3.1067,3.0561,3.0514,3.0589,3.0506,3.0666,3.0751,3.0891,3.0985],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,-2.8902,2.6786,0.2899,-7.5145,2.1875,-0.3058,-4.6012,7.3955,2.3952,2.924,7.1023,-1.8568,-1.0811,3.8251,-6.3158,4.2135,-4.0431,-2.809],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-2.8902,-0.289,0.0,-7.5145,-5.4913,-5.7803,-10.1156,-3.4682,-1.1561,1.7341,8.9595,6.9364,5.7803,9.8266,2.8902,7.2254,2.8902,0.0],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[8.9595,1.7857,2.029,2.0231,12.5,5.1988,7.362,1.6077,4.7904,3.8012,5.6818,8.7533,1.0811,2.1858,4.2105,6.4607,7.0081,5.618,11.5607],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[9.8413,-0.885,1.7699,2.0649,-5.6047,2.1875,-0.9119,-1.5823,5.0314,0.885,4.7619,9.593,0.5435,1.9499,2.4259,-1.6575,7.2254,-5.3191,-5.4645],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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, 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