{"schema_version":"1.0","name":"NBIL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a6e836e9-2920-4b48-9b28-9087cee6490c","symbol":"NBIL","name":"GraniteShares 2x Long NBIS Daily ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control, 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":46,"displayedObservations":46,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Support weakening","headline":"Positive Market Dynamics has weakened while price remains rotational","summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","take":"Treat the weaker support as caution until price and Market Dynamics establish clearer agreement.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":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"],"values":[1.008639,1.33272,1.368532,1.471162,1.62891,1.733892,1.709233,1.687639,1.703152,1.463485,1.232143,0.931776,0.529439,0.337727,0.172647,0.035094,0.066694,0.059673],"opens":[23.03,20.18,23.13,28.425,40.41,40.61,48.79,44.95,49.16,64.08,46.81,33.53,31.33,23.14,24.43,19.77,19.27,39.41],"highs":[25.8,21.9399,34.435,46.11,42.17,44.6,62.4,45.86,68.0,68.49,62.65,36.78,34.3806,34.44,25.0626,30.025,39.9,40.51],"lows":[19.6,16.1299,23.08,25.79,28.1,32.34,36.2,31.25,46.7101,41.42,30.4001,26.3,18.03,21.4547,12.89,17.9101,18.64,22.55],"closes":[20.03,21.6,27.38,41.25,37.95,43.63,40.91,42.11,63.09,43.7,33.16,33.67,21.14,22.26,21.06,19.69,39.64,24.15],"hoverRows":[[{"label":"Open","value":"23.0","className":"is-ohlc","compact":true},{"label":"High","value":"25.8","className":"is-ohlc","compact":true},{"label":"Low","value":"19.6","className":"is-ohlc","compact":true},{"label":"Close","value":"20.0","className":"is-ohlc","compact":true},{"label":"Market 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strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"39.4","className":"is-ohlc","compact":true},{"label":"High","value":"40.5","className":"is-ohlc","compact":true},{"label":"Low","value":"22.6","className":"is-ohlc","compact":true},{"label":"Close","value":"24.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.06","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[17.086,65.694],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.059673,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"slight 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Market Dynamics is now read for follow-through.","tone":"positive"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","annotations":[{"label":"Current tape relationship","value":"Positioning recovery confirmed","detail":"Market Dynamics paused slightly this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"14 Aug 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":27.38},{"date":"2026-08-14","price":39.64}],"reversal_warnings":[{"date":"2026-06-19","price":63.09}],"reversal_dangers":[{"date":"2026-06-26","price":43.7}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[26.5025,19.9974,20.84,25.6,18.05,9.99,9.64,12.35,13.05,10.32,10.41,9.88,10.37,12.17,14.73,11.03,8.76,8.55,10.86,10.7,9.03,8.4729,13.14,13.81,10.0,11.3,19.73,22.93,20.03,21.6,27.38,41.25,37.95,43.63,40.91,42.11,63.09,43.7,33.16,33.67,21.14,22.26,21.06,19.69,39.64,24.15],"consensus":[-41.9213,-82.8819,87.2817,47.6119,-37.0451,-46.2499,-33.3384,-10.037,-11.5247,-29.5687,0.0,-27.1806,0.0,0.0,22.6814,-26.8684,-31.4775,-14.1981,11.3562,-9.2294,-20.6759,-13.886,35.951,8.6494,-26.3279,19.347,61.9038,46.89,0.0,42.4424,49.5671,74.1922,30.198,61.407,14.4383,26.9529,72.1364,-18.8008,-34.6293,0.0,-57.152,-28.7777,-24.3368,-32.1007,56.4739,41.1033],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-51.9424,-32.4514,-3.2537,-6.4933,-38.3382,0.0,-33.9166,0.0,0.0,22.5987,-34.469,-38.5957,-11.8514,16.4792,-13.3478,-26.9322,-18.723,35.3667,0.3047,-35.9444,19.5882,57.2281,43.3822,0.0,40.3666,43.6969,71.8446,23.4147,63.2004,0.1403,27.6203,74.7794,-27.4195,-32.9297,0.0,-50.0375,-26.6286,-17.1191,-27.9707,51.8814,42.7642],"force":[-41.9213,-82.8819,87.2817,47.6119,-28.5837,-35.7179,-15.3047,-13.1354,-3.3121,-24.9102,0.0,-16.1587,0.0,0.0,35.1131,-37.4827,-36.9494,-5.1135,38.9879,-7.683,-26.0037,-9.171,63.8218,4.0019,-44.7446,32.0481,89.3976,40.9975,0.0,35.8721,50.6193,85.8485,6.4522,51.0953,21.4667,9.5781,74.038,-66.6003,-67.5373,0.0,-84.1015,-13.755,-16.0162,-26.984,94.329,78.5302],"direction":[null,null,null,null,-43.089,-47.2669,-47.2334,-41.7779,-27.8727,-22.874,0.0,-27.3553,0.0,0.0,13.8963,-10.6005,-19.4338,-23.3692,14.2356,-5.6273,-9.7204,-11.726,16.7111,21.5057,-2.1829,9.9991,47.6089,55.1079,0.0,49.5079,55.5244,68.5491,64.1291,66.7229,56.746,38.6005,67.7576,-25.1917,-13.0659,0.0,-46.0332,-41.9643,-38.5289,-40.4754,34.6832,12.4718],"intensity":[null,null,null,null,50.0,60.0,16.6667,14.2857,12.5,33.3333,40.0,18.1818,8.3333,53.8462,28.5714,60.0,25.0,35.2941,27.7778,42.1053,10.0,33.3333,72.7273,69.5652,66.6667,56.0,100.0,88.8889,46.4286,65.5172,100.0,100.0,62.5,72.7273,100.0,97.1429,100.0,97.2973,84.2105,100.0,85.0,41.4634,76.1905,55.814,95.4545,86.6667],"confirmation":[36.0815,49.1889,50.5968,37.9025,56.801,82.3922,78.1322,6.2045,26.6857,77.1864,3.518,76.2593,4.3737,25.0192,75.6382,76.8056,78.1311,49.6356,30.1016,25.5102,74.6833,72.2261,80.3626,25.42,54.173,74.5744,88.7184,82.8787,31.475,81.413,83.983,92.1325,55.3596,87.3087,8.3576,76.0852,91.1013,35.3826,80.1102,24.5575,87.2184,76.7838,75.6442,78.1792,87.2953,82.2684],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,50.0,50.0,62.5,87.5,75.0,62.5,37.5,37.5,37.5,37.5,25.0,25.0,37.5,50.0,50.0,25.0,25.0,0.0,0.0,25.0,37.5,62.5,62.5,62.5,87.5,87.5,87.5,87.5,100.0,75.0,50.0,37.5,12.5,12.5,37.5,62.5,62.5,62.5],"assessmentRisk":[null,null,null,null,27.9281,24.8498,32.3656,44.5467,33.8092,18.5303,10.6716,13.7434,27.907,21.7763,30.3175,28.5459,6.6746,35.8351,53.7903,3.7389,17.5869,4.8371,21.5293,40.5559,32.4266,31.5884,17.3028,26.1562,46.6631,28.6437,24.1992,12.8621,34.8335,19.2848,42.3328,4.9221,13.8548,9.7808,15.5228,33.3956,21.3955,34.1099,29.2178,28.0277,18.5358,28.6175],"volumeParticipation":true,"latest":{"consensus":41.1,"control":42.8,"force":78.5,"direction":12.5,"confirmation":82.3,"persistence":62.5,"assessmentRisk":28.6,"intensity":86.7,"evidenceDepth":100},"analysis":{"status":"Market Dynamics 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":"Market Dynamics","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":"Upward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+41.1","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+42.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+78.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+12.5","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"82/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"46.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"59.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"29.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"27%","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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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}