{"schema_version":"1.0","name":"534A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a319196a-cb86-4cf2-a08a-6d511b03bb6c","symbol":"534A","name":"NZAM ETF NASDAQ100(Unhedged)","exchange":"JPX","country":"JP","asset_type":"etf","currency":"JPY","sector":null,"industry":null},"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, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range pressure and compression."},{"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":23,"displayedObservations":23,"assetType":"ETF","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":["2026-03-20","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"],"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],"opens":[2000.0,1932.859985,1876.630005,1978.0,2150.0,2200.0,2181.0,2272.0,2474.0,2350.0,2444.0,2526.0,2465.0,2485.0,2451.0,2510.0,2500.0,2460.0,2435.0,2480.0,2366.0,2474.0,2523.0],"highs":[2000.040039,1954.310059,2239.0,2199.0,2447.0,2504.0,2317.0,2450.0,2474.0,2400.0,2829.0,2526.0,2915.0,2549.0,2451.0,2510.0,2500.0,2460.0,2435.0,2480.0,2443.0,2474.0,2523.0],"lows":[1979.890015,1908.800049,1841.0,1921.0,1943.0,2140.0,2180.0,2250.0,2280.0,2290.0,2401.0,2451.0,2464.0,2479.0,2412.0,2406.0,2498.0,2427.0,2400.0,2289.0,2301.0,2419.0,2360.0],"closes":[1979.890015,1908.800049,1938.0,2172.0,2200.0,2227.0,2222.0,2323.0,2342.0,2400.0,2540.0,2455.0,2600.0,2549.0,2412.0,2479.0,2498.0,2435.0,2430.0,2374.0,2441.0,2473.0,2364.0],"hoverRows":[[{"label":"Open","value":"2,000","className":"is-ohlc","compact":true},{"label":"High","value":"2,000","className":"is-ohlc","compact":true},{"label":"Low","value":"1,980","className":"is-ohlc","compact":true},{"label":"Close","value":"1,980","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":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":2540.0},{"date":"2026-08-14","price":2473.0}],"reversal_dangers":[{"date":"2026-06-05","price":2455.0},{"date":"2026-08-21","price":2364.0}]}},"smTape":{"available":true,"dates":["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":[1979.89,1908.8,1938.0,2172.0,2200.0,2227.0,2222.0,2323.0,2342.0,2400.0,2540.0,2455.0,2600.0,2549.0,2412.0,2479.0,2498.0,2435.0,2430.0,2374.0,2441.0,2473.0,2364.0],"consensus":[-100.0,-100.0,-51.2563,80.5755,72.5428,37.4673,34.6094,51.2898,31.4907,61.1308,63.0869,10.2421,53.8662,42.698,-21.9122,26.8752,0.0,-14.0408,11.7099,-30.27,21.7852,25.2094,-45.5951],"supportDates":["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,24.0781,22.3636,43.8796,15.892,63.7526,46.7285,6.5681,44.0986,45.2663,-26.2153,30.3462,0.0,-12.652,18.293,-20.7355,32.309,34.1568,-40.7369],"force":[-100.0,-100.0,-51.2563,80.5755,39.8522,12.4492,9.4868,39.061,8.7285,44.9604,71.9689,33.4899,45.6407,15.1152,-42.536,15.6727,0.0,-27.8108,7.3646,-57.1242,38.828,23.1738,-83.8482],"direction":[null,null,null,null,95.8932,70.6395,66.5492,68.4933,65.5764,69.6847,75.4379,60.6909,70.9044,59.4649,-2.2632,30.9101,0.0,-5.7922,7.2902,-21.9849,2.4154,16.4377,-23.8236],"intensity":[null,null,null,null,75.0,40.0,33.3333,28.5714,12.5,33.3333,100.0,90.9091,91.6667,84.6154,35.7143,13.3333,31.25,17.6471,5.5556,42.1053,20.0,47.619,40.9091],"confirmation":[54.6667,54.6667,39.0687,48.4508,67.0526,79.4311,78.496,84.153,77.621,87.0291,88.7078,10.7466,85.1353,80.7836,52.9082,76.2058,2.5729,50.2672,26.1811,78.6501,53.1789,75.8686,55.0],"persistence":[null,null,100.0,50.0,20.0,0.0,14.2857,25.0,50.0,75.0,100.0,100.0,100.0,100.0,75.0,75.0,62.5,37.5,37.5,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,11.8652,31.0948,32.4661,21.0913,30.9723,18.1807,18.4205,40.3559,22.7924,25.3258,32.479,1.2697,42.9509,37.0484,4.8629,27.125,40.8382,8.8951,9.2046],"volumeParticipation":true,"latest":{"consensus":-45.6,"control":-40.7,"force":-83.8,"direction":-23.8,"confirmation":55.0,"persistence":12.5,"assessmentRisk":9.2,"intensity":40.9,"evidenceDepth":88},"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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-45.6","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-40.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-83.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-23.8","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":"42.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"49%","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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534A Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/a319196a-cb86-4cf2-a08a-6d511b03bb6c/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."}