{"schema_version":"1.0","name":"554A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9cead97c-87b3-4d75-a376-e200b2102738","symbol":"554A","name":"BATONZ CO LTD","exchange":"JPX","country":"JP","asset_type":"equity","currency":"JPY","sector":"Technology","industry":"Software - Application"},"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, Acceleration, deceleration and rollover."},{"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":18,"displayedObservations":18,"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":["2026-04-24","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],"opens":[1674.0,2811.0,1900.0,1805.0,1700.0,1409.0,1137.0,1167.0,1615.0,1578.0,1309.0,1400.0,1404.0,1424.0,1536.0,1406.0,1521.0,1354.0],"highs":[2602.0,2818.0,1900.0,2066.0,1700.0,1530.0,1220.0,1212.0,1690.0,1582.0,1321.0,1410.0,1424.0,1610.0,1536.0,1541.0,1600.0,1623.0],"lows":[1550.0,1800.0,1660.0,1658.0,1297.0,1101.0,1127.0,1160.0,1502.0,1470.0,1285.0,1373.0,1345.0,1385.0,1313.0,1358.0,1440.0,1340.0],"closes":[2602.0,1849.0,1841.0,1851.0,1350.0,1140.0,1199.0,1170.0,1538.0,1500.0,1310.0,1387.0,1424.0,1520.0,1379.0,1491.0,1554.0,1606.0],"hoverRows":[[{"label":"Open","value":"1,674","className":"is-ohlc","compact":true},{"label":"High","value":"2,602","className":"is-ohlc","compact":true},{"label":"Low","value":"1,550","className":"is-ohlc","compact":true},{"label":"Close","value":"2,602","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":"2,811","className":"is-ohlc","compact":true},{"label":"High","value":"2,818","className":"is-ohlc","compact":true},{"label":"Low","value":"1,800","className":"is-ohlc","compact":true},{"label":"Close","value":"1,849","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":"1,900","className":"is-ohlc","compact":true},{"label":"High","value":"1,900","className":"is-ohlc","compact":true},{"label":"Low","value":"1,660","className":"is-ohlc","compact":true},{"label":"Close","value":"1,841","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":"1,167","className":"is-ohlc","compact":true},{"label":"High","value":"1,212","className":"is-ohlc","compact":true},{"label":"Low","value":"1,160","className":"is-ohlc","compact":true},{"label":"Close","value":"1,170","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":"1,615","className":"is-ohlc","compact":true},{"label":"High","value":"1,690","className":"is-ohlc","compact":true},{"label":"Low","value":"1,502","className":"is-ohlc","compact":true},{"label":"Close","value":"1,538","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":"1,578","className":"is-ohlc","compact":true},{"label":"High","value":"1,582","className":"is-ohlc","compact":true},{"label":"Low","value":"1,470","className":"is-ohlc","compact":true},{"label":"Close","value":"1,500","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":"1,309","className":"is-ohlc","compact":true},{"label":"High","value":"1,321","className":"is-ohlc","compact":true},{"label":"Low","value":"1,285","className":"is-ohlc","compact":true},{"label":"Close","value":"1,310","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":"1,400","className":"is-ohlc","compact":true},{"label":"High","value":"1,410","className":"is-ohlc","compact":true},{"label":"Low","value":"1,373","className":"is-ohlc","compact":true},{"label":"Close","value":"1,387","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":"1,404","className":"is-ohlc","compact":true},{"label":"High","value":"1,424","className":"is-ohlc","compact":true},{"label":"Low","value":"1,345","className":"is-ohlc","compact":true},{"label":"Close","value":"1,424","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":"1,424","className":"is-ohlc","compact":true},{"label":"High","value":"1,610","className":"is-ohlc","compact":true},{"label":"Low","value":"1,385","className":"is-ohlc","compact":true},{"label":"Close","value":"1,520","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":"1,536","className":"is-ohlc","compact":true},{"label":"High","value":"1,536","className":"is-ohlc","compact":true},{"label":"Low","value":"1,313","className":"is-ohlc","compact":true},{"label":"Close","value":"1,379","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":"1,406","className":"is-ohlc","compact":true},{"label":"High","value":"1,541","className":"is-ohlc","compact":true},{"label":"Low","value":"1,358","className":"is-ohlc","compact":true},{"label":"Close","value":"1,491","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":"1,521","className":"is-ohlc","compact":true},{"label":"High","value":"1,600","className":"is-ohlc","compact":true},{"label":"Low","value":"1,440","className":"is-ohlc","compact":true},{"label":"Close","value":"1,554","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":"1,354","className":"is-ohlc","compact":true},{"label":"High","value":"1,623","className":"is-ohlc","compact":true},{"label":"Low","value":"1,340","className":"is-ohlc","compact":true},{"label":"Close","value":"1,606","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":[1052.28,2689.72],"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":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-24","price":2602.0}],"reversal_dangers":[{"date":"2026-05-01","price":1849.0}]}},"smTape":{"available":true,"dates":["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":[2602.0,1849.0,1841.0,1851.0,1350.0,1140.0,1199.0,1170.0,1538.0,1500.0,1310.0,1387.0,1424.0,1520.0,1379.0,1491.0,1554.0,1606.0],"consensus":[100.0,-90.3733,50.8333,0.0,-59.6103,-44.6438,-20.4825,-36.0541,0.0,-10.3344,-12.3463,0.0,0.0,0.0,-19.6129,9.1353,10.8402,19.3492],"supportDates":["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,-48.4453,-8.8419,-36.2065,0.0,-21.8594,-13.6196,0.0,0.0,0.0,-25.7363,10.7896,11.1767,23.3914],"force":[100.0,-90.3733,50.8333,0.0,-33.6638,-25.6455,-2.1878,-15.5964,0.0,-3.6545,-2.1178,0.0,0.0,0.0,-21.4589,19.078,14.8902,26.2821],"direction":[null,null,null,null,-78.1435,-53.8694,-49.9792,-50.4925,0.0,-1.9343,-18.197,0.0,0.0,0.0,-11.296,0.1427,7.5626,9.7775],"intensity":[null,null,null,null,50.0,40.0,50.0,14.2857,62.5,22.2222,50.0,18.1818,16.6667,46.1538,35.7143,33.3333,18.75,29.4118],"confirmation":[54.6667,51.5861,38.9333,1.0008,63.2225,81.6491,51.841,78.9115,25.556,25.5945,48.953,48.1768,27.3001,25.4162,74.2391,48.5344,48.9205,55.0],"persistence":[null,null,33.3333,25.0,0.0,16.6667,28.5714,37.5,50.0,50.0,75.0,75.0,62.5,50.0,50.0,25.0,12.5,12.5],"assessmentRisk":[null,null,null,null,20.1482,26.8688,38.4057,31.1218,28.6171,46.2006,24.1239,35.7007,20.2807,1.4367,26.8331,19.4731,23.1947,16.9848],"volumeParticipation":true,"latest":{"consensus":19.3,"control":23.4,"force":26.3,"direction":9.8,"confirmation":55.0,"persistence":12.5,"assessmentRisk":17.0,"intensity":29.4,"evidenceDepth":69},"analysis":{"status":"Completed tape 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":"Completed tape","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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+19.3","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+23.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+26.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+9.8","detail":"Follow-through is limited","tone":"positive"},{"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":"13.2","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"29.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"29%","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":[2602.0,1849.0,1841.0,1851.0,1350.0,1140.0,1199.0,1170.0,1538.0,1500.0,1310.0,1387.0,1424.0,1520.0,1379.0,1491.0,1554.0,1606.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,2095.0348,1921.3921,1790.0481,1677.3121,1651.9826,1624.3494,1567.195,1534.4322,1514.3536,1515.3803,1490.5838,1490.6595,1502.176,1521.0531],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,1897.7863,1869.8021,1833.4464,1808.08,1789.2592,1775.6845],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,2457.3632,2408.2962,2363.9827,2325.3967,2295.1875,2263.5126,2237.9153,2218.124,2203.5894],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,750.6368,746.2492,758.8506,776.2956,802.0982,811.154,830.9597,853.0525,875.4106],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,-28.9393,-0.4327,0.5432,-27.0665,-15.5556,5.1754,-2.4187,31.453,-2.4707,-12.6667,5.8779,2.6676,6.7416,-9.2763,8.1218,4.2254,3.3462],"stroke":"#176fa3","width":1.7},{"label":"Cumulative 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range","values":[40.4304,55.0568,13.0364,22.0421,29.8519,37.6316,7.7565,4.4444,12.2237,7.4667,2.7481,2.6676,5.5478,14.8026,16.1711,12.2736,10.296,17.6214],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[55.4361,-34.2227,-3.1053,2.5485,-20.5882,-19.0916,5.4529,0.2571,-4.7678,-4.943,0.0764,-0.9286,1.4245,6.7416,-10.2214,6.0455,2.1696,18.6115],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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