{"schema_version":"1.0","name":"3625 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9a5fe820-5413-4e65-acb6-412ce4b16a0e","symbol":"3625","name":"Shanghai FourSemi Semiconductor Co., Ltd.","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Technology","industry":"Semiconductor Equipment & Materials"},"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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary 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":21,"displayedObservations":21,"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":["2026-04-03","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"],"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],"opens":[85.050003,94.150002,129.0,126.699997,126.0,125.900002,131.5,120.0,114.5,108.300003,101.300003,105.0,97.599998,93.0,88.5,84.849998,79.5,77.0,79.550003,98.5,98.300003],"highs":[97.5,133.0,153.0,132.399994,129.300003,139.600006,131.699997,122.0,117.400002,108.800003,109.699997,110.5,98.400002,95.949997,94.650002,85.400002,82.5,81.0,99.0,108.0,102.0],"lows":[74.0,90.800003,115.0,115.5,117.800003,124.300003,115.0,109.0,110.0,103.699997,101.300003,102.599998,90.0,90.699997,88.5,71.449997,72.599998,69.900002,77.0,93.0,92.099998],"closes":[92.0,130.5,126.599998,124.699997,125.900002,130.0,120.0,116.199997,113.199997,105.099998,105.0,104.800003,98.150002,94.699997,93.849998,78.75,77.800003,78.0,99.0,99.349998,95.25],"hoverRows":[[{"label":"Open","value":"85.1","className":"is-ohlc","compact":true},{"label":"High","value":"97.5","className":"is-ohlc","compact":true},{"label":"Low","value":"74.0","className":"is-ohlc","compact":true},{"label":"Close","value":"92.0","className":"is-ohlc","compact":true},{"label":"Market 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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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":130.5}],"reversal_dangers":[{"date":"2026-04-17","price":126.599998}]}},"smTape":{"available":true,"dates":["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":[92.0,130.5,126.6,124.7,125.9,130.0,120.0,116.2,113.2,105.1,105.0,104.8,98.15,94.7,93.85,78.75,77.8,78.0,99.0,99.35,95.25],"consensus":[53.1915,88.1517,-38.9474,0.0,49.0173,20.3567,0.0,0.0,-10.5833,-31.3343,-15.6359,-18.6435,-18.5344,-19.9813,-13.8722,-50.2112,-32.7882,-23.6123,34.2463,11.5585,0.0],"supportDates":["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,22.3084,0.0,0.0,-5.7419,-28.7377,-8.8671,-15.9784,-6.5634,-11.6848,-1.6845,-46.2698,-28.4035,-15.2356,42.2512,4.846,0.0],"force":[53.1915,88.1517,-38.9474,0.0,15.0259,3.0235,0.0,0.0,-13.9051,-27.6364,-5.6689,-11.4412,-6.2193,-3.9821,-5.2741,-35.0976,-12.7409,-1.4688,56.4114,8.5873,0.0],"direction":[null,null,null,null,73.2969,30.5071,0.0,0.0,-13.7437,-36.9431,-30.4911,-26.8337,-41.012,-40.891,-41.4769,-65.511,-52.1187,-49.0025,9.2656,21.3521,0.0],"intensity":[null,null,null,null,25.0,40.0,33.3333,28.5714,25.0,33.3333,10.0,9.0909,75.0,30.7692,14.2857,80.0,25.0,23.5294,88.8889,73.6842,45.0],"confirmation":[39.6879,50.8752,35.1298,1.6473,59.465,51.2895,49.6827,24.368,48.895,77.9538,50.1362,73.787,28.4048,51.3662,27.8331,83.667,77.9481,52.3421,79.5123,49.0438,3.579],"persistence":[null,null,33.3333,25.0,40.0,50.0,42.8571,37.5,12.5,12.5,12.5,25.0,50.0,75.0,87.5,100.0,100.0,100.0,75.0,50.0,37.5],"assessmentRisk":[null,null,null,null,23.4875,11.7714,16.0705,23.7214,30.5674,31.7621,33.1249,26.9439,33.0969,25.6482,42.8162,24.8917,33.5772,38.0807,11.1193,43.728,50.2746],"volumeParticipation":true,"latest":{"consensus":0.0,"control":0.0,"force":0.0,"direction":0.0,"confirmation":3.6,"persistence":37.5,"assessmentRisk":50.3,"intensity":45.0,"evidenceDepth":81},"analysis":{"status":"No 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}