{"schema_version":"1.0","name":"2841 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a60f42b3-7574-4a8c-bc8a-91fcc9d55969","symbol":"2841","name":"Global X China Medtech ETF","exchange":"HKG","country":"HK","asset_type":"etf","currency":"HKD","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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Directional strength and control, 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":35,"displayedObservations":35,"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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.905164,-1.181189,-1.038533,-0.767784,-0.404953,-0.054786,0.190564],"opens":[36.700001,37.619999,38.18,38.060001,39.240002,40.959999,40.060001],"highs":[36.700001,37.66,38.400002,39.240002,39.5,41.0,41.52],"lows":[36.700001,37.16,37.02,37.700001,39.080002,40.02,39.880001],"closes":[36.700001,37.279999,37.02,39.240002,39.5,40.380001,40.700001],"hoverRows":[[{"label":"Open","value":"36.7","className":"is-ohlc","compact":true},{"label":"High","value":"36.7","className":"is-ohlc","compact":true},{"label":"Low","value":"36.7","className":"is-ohlc","compact":true},{"label":"Close","value":"36.7","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":"37.6","className":"is-ohlc","compact":true},{"label":"High","value":"37.7","className":"is-ohlc","compact":true},{"label":"Low","value":"37.2","className":"is-ohlc","compact":true},{"label":"Close","value":"37.3","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":"38.2","className":"is-ohlc","compact":true},{"label":"High","value":"38.4","className":"is-ohlc","compact":true},{"label":"Low","value":"37.0","className":"is-ohlc","compact":true},{"label":"Close","value":"37.0","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":"38.1","className":"is-ohlc","compact":true},{"label":"High","value":"39.2","className":"is-ohlc","compact":true},{"label":"Low","value":"37.7","className":"is-ohlc","compact":true},{"label":"Close","value":"39.2","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":"39.2","className":"is-ohlc","compact":true},{"label":"High","value":"39.5","className":"is-ohlc","compact":true},{"label":"Low","value":"39.1","className":"is-ohlc","compact":true},{"label":"Close","value":"39.5","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":"41.0","className":"is-ohlc","compact":true},{"label":"High","value":"41.0","className":"is-ohlc","compact":true},{"label":"Low","value":"40.0","className":"is-ohlc","compact":true},{"label":"Close","value":"40.4","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":"40.1","className":"is-ohlc","compact":true},{"label":"High","value":"41.5","className":"is-ohlc","compact":true},{"label":"Low","value":"39.9","className":"is-ohlc","compact":true},{"label":"Close","value":"40.7","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":[36.460001,40.940001],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"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":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics strengthened this week and remains positive.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","tone":"caution"},{"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":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.58,"forwardCorrelation":-0.78,"directionalAgreement":33.3,"sample":3,"correlationSample":26,"label":"Strong relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":7.6,"averageReturn":7.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"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,"averageReturn":1.6,"sample":1},{"week":2,"averageReturn":0.9,"sample":1},{"week":3,"averageReturn":6.9,"sample":1},{"week":4,"averageReturn":7.6,"sample":1},{"week":5,"averageReturn":10.0,"sample":1},{"week":6,"averageReturn":10.9,"sample":1},{"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}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":0.0,"averageExpectedMove":0.0,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-6.1,"medianReturn":-6.1,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-4.5,"medianReturn":-4.5,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.2,"sample":1},{"week":2,"averageReturn":0.0,"sample":1},{"week":3,"averageReturn":-2.0,"sample":1},{"week":4,"averageReturn":-6.1,"sample":1},{"week":5,"averageReturn":-7.2,"sample":1},{"week":6,"averageReturn":-13.8,"sample":1},{"week":7,"averageReturn":-12.5,"sample":1},{"week":8,"averageReturn":-13.1,"sample":1},{"week":9,"averageReturn":-7.9,"sample":1},{"week":10,"averageReturn":-7.3,"sample":1},{"week":11,"averageReturn":-5.2,"sample":1},{"week":12,"averageReturn":-4.5,"sample":1},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":7.6,"medianReturn":7.6,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"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,"averageReturn":1.6,"sample":1},{"week":2,"averageReturn":0.9,"sample":1},{"week":3,"averageReturn":6.9,"sample":1},{"week":4,"averageReturn":7.6,"sample":1},{"week":5,"averageReturn":10.0,"sample":1},{"week":6,"averageReturn":10.9,"sample":1},{"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"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,"averageReturn":2.2,"sample":1},{"week":2,"averageReturn":3.0,"sample":1},{"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":0.1,"averageExpectedMove":0.1,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-5.6,"medianReturn":-5.6,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-8.7,"medianReturn":-8.7,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":2},{"week":2,"averageReturn":-0.3,"sample":2},{"week":3,"averageReturn":-5.6,"sample":2},{"week":4,"averageReturn":-5.6,"sample":2},{"week":5,"averageReturn":-10.4,"sample":2},{"week":6,"averageReturn":-10.5,"sample":2},{"week":7,"averageReturn":-10.5,"sample":2},{"week":8,"averageReturn":-7.5,"sample":2},{"week":9,"averageReturn":-7.9,"sample":2},{"week":10,"averageReturn":-6.4,"sample":2},{"week":11,"averageReturn":-6.6,"sample":2},{"week":12,"averageReturn":-8.7,"sample":1},{"week":13,"averageReturn":-10.6,"sample":1},{"week":14,"averageReturn":-14.3,"sample":1},{"week":15,"averageReturn":-15.3,"sample":1},{"week":16,"averageReturn":-21.4,"sample":1},{"week":17,"averageReturn":-20.2,"sample":1},{"week":18,"averageReturn":-20.7,"sample":1},{"week":19,"averageReturn":-16.0,"sample":1},{"week":20,"averageReturn":-15.4,"sample":1},{"week":21,"averageReturn":-13.5,"sample":1},{"week":22,"averageReturn":-12.8,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"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":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[45.12,44.8,49.04,49.9,49.5,47.66,47.28,46.7,46.48,46.74,43.8,44.32,42.96,42.18,42.52,42.88,42.18,42.6,42.08,42.62,41.76,40.0,39.54,37.94,37.16,36.0,33.9,36.72,36.7,37.28,37.02,39.24,39.5,40.38,40.7],"consensus":[0.0,77.7771,100.0,-91.4891,50.3021,0.0,-8.7796,-46.2676,-40.5603,-11.9536,-79.3754,-27.9843,-75.5122,-39.4208,-27.5477,-36.2191,-56.4641,-8.691,-51.8143,0.0,-56.3433,-74.8998,-67.9443,-61.8417,-54.421,-85.4217,-62.6145,0.0,-32.3819,0.0,-32.6292,50.5877,46.9267,46.958,42.4072],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,0.0,-2.1423,-30.8767,-36.6668,-3.7952,-85.4216,-19.3756,-81.5339,-22.6259,-13.0014,-33.4283,-51.283,-9.6273,-59.043,0.0,-67.3236,-73.5829,-66.6496,-56.4682,-51.1549,-87.0467,-60.1114,0.0,-32.2098,0.0,-48.6374,53.8577,46.7063,30.7536,36.7914],"force":[0.0,77.7771,100.0,-91.4891,19.151,0.0,-21.3291,-85.771,-41.8419,-6.4742,-69.0382,-21.8133,-60.6329,-9.3937,-10.7121,-2.6318,-65.2467,-24.0616,-43.0356,0.0,-51.4386,-87.9126,-68.5979,-53.6497,-29.3046,-92.5918,-39.8348,0.0,-4.3692,0.0,-34.6354,60.5808,47.4526,56.6846,25.4817],"direction":[null,null,null,null,99.9115,0.0,-7.4012,-35.6405,-44.0944,-25.1913,-79.849,-73.3927,-79.2584,-80.0628,-71.5004,-67.1592,-56.1121,-31.0158,-49.8233,0.0,-47.2977,-67.1098,-68.9571,-73.8343,-76.094,-78.443,-81.7462,0.0,-52.5876,0.0,-12.9011,39.7128,46.803,58.5297,60.915],"intensity":[null,null,null,null,50.0,60.0,50.0,14.2857,50.0,11.1111,70.0,27.2727,66.6667,69.2308,28.5714,33.3333,43.75,11.7647,16.6667,21.0526,50.0,76.1905,54.5455,73.913,41.6667,60.0,92.3077,81.4815,7.1429,51.7241,26.6667,77.4194,68.75,69.697,14.7059],"confirmation":[0.0,47.5553,54.6667,51.9432,19.05,35.8208,25.9597,84.2441,81.0777,26.4491,92.9929,34.8887,91.6187,79.9555,32.8228,56.3434,86.4151,29.5685,84.2029,7.7173,85.7131,92.3846,89.7818,87.6216,84.699,95.5287,87.3805,38.4986,54.8444,32.747,78.2586,84.4428,83.0359,83.5699,55.0],"persistence":[null,null,66.6667,25.0,40.0,33.3333,14.2857,0.0,12.5,37.5,62.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,50.0,25.0,0.0,25.0],"assessmentRisk":[null,null,null,null,23.9037,43.1031,32.0178,24.1293,27.0304,20.1444,8.3778,30.2688,10.8007,29.945,19.2059,26.2534,5.6143,24.4672,3.4458,11.8455,7.4731,11.9435,15.4209,19.0784,22.7891,7.2874,18.6926,38.726,1.8728,41.8083,65.7058,21.9641,24.7246,25.2669,28.3871],"volumeParticipation":true,"latest":{"consensus":42.4,"control":36.8,"force":25.5,"direction":60.9,"confirmation":55.0,"persistence":25.0,"assessmentRisk":28.4,"intensity":14.7,"evidenceDepth":100},"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 easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+42.4","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+36.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+25.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+60.9","detail":"Upward follow-through","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":"50.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"23.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"52%","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":[45.12,44.8,49.04,49.9,49.5,47.66,47.28,46.7,46.48,46.74,43.8,44.32,42.96,42.18,42.52,42.88,42.18,42.6,42.08,42.62,41.76,40.0,39.54,37.94,37.16,36.0,33.9,36.72,36.7,37.28,37.02,39.24,39.5,40.38,40.7],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,47.0727,47.1795,47.1977,47.1072,46.9932,46.9472,46.375,46.0013,45.4484,44.8541,44.4297,44.148,43.7901,43.5738,43.3022,43.1781,42.9203,42.3893,41.8713,41.1565,40.4299,39.6244,38.5836,38.2448,37.9639,37.8396,37.6906,37.9723,38.25,38.6373,39.0123],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,45.7576,45.4926,45.2724,45.0952,44.8793,44.7104,44.5156,44.3752,44.1814,43.8717,43.5508,43.1352,42.6926,42.1969,41.5823,41.2221,40.8871,40.6199,40.3533,40.2708,40.2137,40.226,40.2611],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,50.6145,50.7375,50.6501,50.7247,50.8258,50.7808,50.6633,50.5927,50.4674,50.3713,50.235,50.2641,50.4343,50.0028,49.3908,48.7518,48.5015,48.4421,47.8711,47.1986,46.2656,45.8534,45.2486,44.8669,44.6527,44.403],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,44.0295,43.2661,42.9066,42.2446,41.5285,41.0858,40.8217,40.4732,40.2726,40.0224,39.901,39.5359,38.8857,38.3672,37.7832,37.1882,36.2725,34.9939,34.5669,34.2614,34.2484,33.9826,34.0794,34.1151,34.1493,34.217],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,279.1147,46.5546,15.7078,13.5351,51.6071,10.5626,2.1296,0.0,33.3628,501.5715,9.4004,23.5195,6.8535,8.1905,86.8367,128.2676,19.9857,0.0,57.1127,7.0978,195.5724,0.0,322.0169,375.9394,3.3328,68.0603,462.2006,8.6946],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,65.0,65.7162,65.1482,67.2227,66.8275,66.7534,66.7534,67.7907,65.0,65.2445,65.0,65.1614,65.0,65.0,65.0,65.0,65.0,65.0,65.0,67.3968,67.3968,71.7848,65.5474,65.6009,66.7247,76.6379,76.8252],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-0.1662,-0.4261,-0.5976,-0.6965,-0.8219,-0.8773,-0.9522,-0.9569,-1.0183,-1.1952,-1.3569,-1.5957,-1.8269,-2.0797,-2.4216,-2.4369,-2.4228,-2.3378,-2.2653,-2.0056,-1.7585,-1.4747,-1.21],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.4641,-0.5467,-0.6278,-0.6936,-0.7586,-0.8459,-0.9481,-1.0776,-1.2275,-1.3979,-1.6026,-1.7695,-1.9002,-1.9877,-2.0432,-2.0357,-1.9802,-1.8791,-1.7453],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.3579,-0.3306,-0.3244,-0.2633,-0.2597,-0.3493,-0.4088,-0.5181,-0.5994,-0.6818,-0.819,-0.6674,-0.5226,-0.3501,-0.2221,0.0301,0.2217,0.4044,0.5353],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","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 difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-0.7092,0.0,0.0,-0.8016,-4.489,-5.2505,-6.4128,-6.8537,-6.3327,-12.2245,-11.1824,-13.9078,-15.4709,-14.7896,-14.0681,-15.4709,-14.6293,-15.6713,-14.5892,-16.3126,-19.8397,-20.7615,-23.9679,-25.5311,-27.8557,-32.0641,-26.4128,-26.4529,-25.2906,-25.8116,-21.3627,-20.8417,-19.0782,-18.4369],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,4.2411,3.75,4.3304,0.0,1.1872,0.0,0.0,0.8061,1.6596,0.0,0.9957,0.0,1.2833,0.0,0.0,0.0,0.0,0.0,0.0,0.0,8.3186,8.2596,9.9705,9.2035,15.7522,16.5192,19.115,20.059],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,32.1032,31.8607,31.6355,30.7626,29.4698,27.7491,25.9925,24.7643,23.894],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,25.2851,26.8566,30.153,28.2135,27.4859,26.3261,26.7654,26.9532,23.2227,22.3127,19.9343,18.9023,17.4091,15.1531,28.5441,28.5098,32.6984,34.4385,34.8666,35.5429,41.2001,40.311],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,45.4767,42.9427,40.0896,42.3679,40.8658,41.3919,39.3646,35.7085,44.607,43.9401,49.5257,51.8733,55.4119,61.1899,51.5326,51.4705,48.4549,44.4254,38.831,37.8597,34.5369,31.3021],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.6579,2.5928,2.5573,2.58,2.4593,2.4137,2.3268,2.4309,2.7352,2.6741,2.8966,2.8961,3.014,3.4145,3.4757,3.2331,3.1394,3.2019,3.2091,3.0362,3.0232,3.073],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,13.9152,15.8961,16.5535,18.2429,20.134,21.1066,21.5154,22.2244,22.4705,22.8975,22.9298,23.8934,25.859,26.3336,26.6307,26.9109,28.8507,32.2362,32.2767,31.7631,29.8514,29.738,28.1594,27.226,26.6575,25.912],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/a60f42b3-7574-4a8c-bc8a-91fcc9d55969/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/a60f42b3-7574-4a8c-bc8a-91fcc9d55969/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/a60f42b3-7574-4a8c-bc8a-91fcc9d55969/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/a60f42b3-7574-4a8c-bc8a-91fcc9d55969/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/a60f42b3-7574-4a8c-bc8a-91fcc9d55969/technical-pack/data.json"},"source_fingerprint":"d464fd16575c8c8cd329b2d6dbf6ef20c7f851e0455d51cbd952160c5868bbbf","content_hash":"2acb517382fb932af511bcc9f263c018f3b9c1b70fbbd8e1789c9c9b593a38ae","citation":"Sharemaestro, 2841 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/a60f42b3-7574-4a8c-bc8a-91fcc9d55969/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."}