{"schema_version":"1.0","name":"EXE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"9a373258-741a-4358-be26-e544c2920982","symbol":"EXE","name":"Extendicare Inc.","exchange":"TOR","country":"CA","asset_type":"equity","currency":"CAD","sector":"Healthcare","industry":"Medical Care Facilities"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Strength versus the research benchmark, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control, 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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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Further price weakness would confirm the downside transition; a recovery in both readings would remove the 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consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":20},{"week":2,"averageReturn":0.4,"sample":20},{"week":3,"averageReturn":0.8,"sample":19},{"week":4,"averageReturn":1.1,"sample":19},{"week":5,"averageReturn":2.0,"sample":19},{"week":6,"averageReturn":2.4,"sample":19},{"week":7,"averageReturn":2.6,"sample":19},{"week":8,"averageReturn":3.5,"sample":19},{"week":9,"averageReturn":2.6,"sample":19},{"week":10,"averageReturn":3.7,"sample":19},{"week":11,"averageReturn":4.5,"sample":18},{"week":12,"averageReturn":5.3,"sample":18},{"week":13,"averageReturn":6.1,"sample":18},{"week":14,"averageReturn":8.5,"sample":18},{"week":15,"averageReturn":10.0,"sample":18},{"week":16,"averageReturn":10.9,"sample":18},{"week":17,"averageReturn":12.2,"sample":18},{"week":18,"averageReturn":13.3,"sample":18},{"week":19,"averageReturn":14.3,"sample":18},{"week":20,"averageReturn":16.6,"sample":18},{"week":21,"averageReturn":17.0,"sample":17},{"week":22,"averageReturn":19.9,"sample":17},{"week":23,"averageReturn":20.9,"sample":17},{"week":24,"averageReturn":22.7,"sample":17},{"week":25,"averageReturn":24.4,"sample":17},{"week":26,"averageReturn":24.8,"sample":17}]}},"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":"Rollover warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":26.7,"averageReturn":14.0,"sample":15},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 26.7% of comparable cases moved lower after 12 weeks, with an average move of 14.0% across 15 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 37.5 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 4.6% across 15 completed cases, with the largest move arriving after 4.5 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2024-11-29","price":10.127604},{"date":"2025-02-07","price":10.714863}],"distribution_rollovers":[{"date":"2026-05-29","price":32.389591},{"date":"2026-08-07","price":32.439999}],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[8.1661,8.1568,8.3264,8.8538,8.7691,8.8539,8.6363,8.6553,8.8066,8.7215,8.6074,8.9399,9.6334,9.8614,10.1276,10.0608,9.5936,9.832,9.9941,9.8505,9.6686,9.8984,9.7931,9.9461,10.7149,10.686,11.0032,11.9668,12.5744,12.4683,12.6226,12.5551,12.6731,12.528,12.8085,12.9149,14.0706,13.9056,14.2938,13.8862,14.0436,13.956,13.8003,13.6835,13.4791,13.3737,12.9051,12.6025,12.1632,12.0185,12.9001,13.1156,13.0372,12.7945,12.8829,13.0499,13.1875,14.8581,14.9783,14.387,14.7516,15.9834,15.8679,15.9766,19.405,20.0078,20.3449,22.1071,22.1368,21.8497,21.1072,20.9106,21.7141,22.3589,22.0315,23.0452,23.8402,24.8339,24.3967,26.46,26.1713,26.231,25.3849,26.0718,27.6818,29.5465,29.018,29.5266,30.1113,33.3529,33.2332,33.8316,32.3896,33.0987,32.6393,33.7978,35.2333,37.3148,36.9553,38.7431,37.8642,35.48,32.44,32.74],"consensus":[79.3654,41.2731,57.7192,82.4943,29.1261,50.1994,10.0509,19.6582,42.16,13.6658,0.0,61.3993,73.9857,65.3016,68.4021,25.8153,-12.6835,46.3501,40.0888,0.0,-8.3727,36.8874,0.0,29.9771,66.0017,38.3348,59.0928,76.106,78.3713,30.9326,47.4225,26.5663,40.6393,25.6135,48.0087,48.4703,80.5364,27.6709,63.7272,14.8324,34.5027,19.2871,0.0,0.0,-19.1542,-22.1707,-53.7418,-50.9712,-65.7393,-49.2123,28.476,20.6051,0.0,0.0,0.0,16.2454,20.1692,74.7852,50.5961,0.0,58.1816,77.3952,38.812,40.5491,85.8503,74.1636,52.7038,87.8826,42.0323,34.5758,9.1099,9.2004,54.8087,60.865,15.7724,68.2441,59.2413,72.0264,17.8259,71.6273,29.3848,41.4342,0.0,39.9471,61.7046,70.4657,21.6996,54.8398,48.9544,72.9803,33.5288,48.5373,0.0,39.7872,0.0,32.8394,48.2392,62.0202,41.8781,70.6924,19.3195,-33.4917,-55.2507,-15.1279],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[0.0,0.0,0.0,25.7107,24.2922,73.3937,52.832,0.0,65.142,80.7738,39.4046,33.5041,84.8443,67.5206,41.5027,88.3895,29.5378,28.1075,8.0155,15.029,68.4643,70.2541,5.4694,64.6695,54.2238,74.7693,10.3738,63.4891,23.7686,43.8617,0.0,54.5048,69.1039,73.3325,12.2052,60.8899,49.6864,69.8958,27.6239,45.1085,0.0,55.3139,0.0,25.6052,51.7512,72.0666,44.5362,76.9537,16.1325,-27.4793,-43.3909,-4.9853],"force":[0.0,0.0,0.0,27.455,25.49,98.8744,31.4141,0.0,48.1482,88.5853,3.8372,17.8163,99.7227,77.8651,32.7759,95.5198,8.5715,12.3308,37.855,26.6076,56.8543,54.2194,22.449,82.5502,61.9348,76.9922,31.191,93.8276,5.3751,19.5198,0.0,35.2856,62.637,77.3747,16.3967,38.6926,34.5199,88.5936,1.3399,33.1788,0.0,24.46,0.0,44.742,33.353,46.9651,12.9814,71.512,26.0174,-89.2018,-86.3725,-9.3809],"direction":[0.0,0.0,0.0,2.5789,11.6567,59.1689,61.7423,0.0,57.3935,65.541,63.1169,64.8381,77.0912,79.1117,79.7392,81.848,80.2123,75.4728,62.2282,28.1163,37.741,54.8815,54.8482,62.1106,63.0516,65.3445,61.3547,65.0707,60.6318,54.3132,0.0,26.6393,52.5823,62.2543,59.7621,59.4592,58.4282,65.3532,63.2694,63.4264,0.0,32.9905,0.0,32.6051,54.8584,61.2923,59.4808,62.9513,55.3451,-0.5702,-46.575,-44.2256],"intensity":[1.9231,53.8462,26.9231,34.6154,42.3077,100.0,98.0769,76.9231,53.8462,96.1538,78.8462,51.9231,100.0,100.0,86.5385,96.1538,96.1538,65.3846,71.1538,73.0769,73.0769,80.7692,44.2308,82.6923,84.6154,76.9231,63.4615,96.1538,96.1538,63.4615,69.2308,82.6923,86.5385,94.2308,67.3077,67.3077,80.7692,100.0,88.4615,78.8462,76.9231,65.3846,48.0769,90.3846,73.0769,88.4615,17.3077,84.6154,42.3077,88.4615,98.0769,84.6154],"confirmation":[24.4027,48.0444,27.6158,51.2794,74.5535,92.6866,83.5721,33.5291,86.2063,93.056,56.6783,80.3902,95.9102,91.9464,84.4286,96.3475,80.621,35.0305,34.1972,30.107,85.393,87.1312,8.8284,90.3286,87.1158,91.158,33.6448,91.7213,54.9094,80.5541,8.9959,80.4192,87.6611,90.7159,32.0922,84.9644,83.2144,91.8765,55.1715,83.1161,10.8793,80.0282,5.1995,78.9816,82.9293,87.2346,80.4798,90.5511,33.0661,57.8401,86.8094,6.2498],"persistence":[37.5,25.0,12.5,12.5,37.5,62.5,62.5,50.0,62.5,75.0,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,87.5,87.5,75.0,75.0,75.0,75.0,75.0,75.0,87.5,62.5,50.0,25.0],"assessmentRisk":[47.2009,53.0537,6.4434,17.7488,10.6883,12.5417,24.6458,46.7683,20.5324,9.0372,25.7781,29.3375,7.0634,12.883,23.6364,6.0581,28.4852,29.7544,25.9636,44.659,46.5906,7.807,27.3992,14.21,18.7258,13.9262,40.968,14.157,35.0696,26.6814,40.767,43.2782,16.7663,14.7102,39.1073,22.5316,25.0817,13.3763,33.1618,25.6832,45.8392,30.5537,25.666,17.8966,25.1357,18.9027,28.9932,14.6311,38.848,25.3691,22.1169,42.3992],"volumeParticipation":true,"latest":{"consensus":-15.1,"control":-5.0,"force":-9.4,"direction":-44.2,"confirmation":6.2,"persistence":25.0,"assessmentRisk":42.4,"intensity":84.6,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-15.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-5.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-9.4","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-44.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"6/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"54.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"49.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"63%","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 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