{"schema_version":"1.0","name":"DRAM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a8525e13-7720-4795-941e-1a7e10d51b6a","symbol":"DRAM","name":"Roundhill Memory ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","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, Drawdown and recovery pressure, Range pressure and compression, Activity pressure and cumulative balance."},{"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":"ETF","state":"Aligned upward","stateTone":"positive","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":[27.0,29.28,32.35,35.44,38.32,42.15,54.91,53.14,57.16,65.74,60.715,69.64,80.675,70.78,65.32,57.495,54.25,54.915,49.0,49.42,59.82],"highs":[28.0,33.39,35.97,37.55,40.8,52.8,56.38,54.45,64.29,70.15,66.17,77.7,81.34,74.16,66.1,61.66,59.345,55.45,55.44,58.8,62.04],"lows":[26.14,28.38,32.06,34.55,36.51,41.91,48.32,46.43,57.05,55.38,55.45,67.6,67.13,58.895,58.2,48.635,52.73,44.4001,47.68,49.17,54.33],"closes":[27.76,32.43,35.59,37.2,40.41,52.8,51.1,52.82,63.2,55.79,65.01,76.71,71.88,60.63,63.04,52.72,53.2,50.37,50.6,57.32,57.68],"hoverRows":[[{"label":"Open","value":"27.0","className":"is-ohlc","compact":true},{"label":"High","value":"28.0","className":"is-ohlc","compact":true},{"label":"Low","value":"26.1","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","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}]],"pressureRange":[-2.3,2.3],"priceRange":[24.823,79.647],"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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-19","price":76.71}],"reversal_dangers":[{"date":"2026-06-26","price":71.88}]}},"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":[27.76,32.43,35.59,37.2,40.41,52.8,51.1,52.82,63.2,55.79,65.01,76.71,71.88,60.63,63.04,52.72,53.2,50.37,50.6,57.32,57.68],"consensus":[74.1935,61.6766,80.5627,44.4667,78.5174,84.7653,31.2183,67.7386,89.1652,0.0,83.7738,87.8031,12.473,-13.8471,25.4835,-51.2382,-24.265,-37.5958,-20.8883,36.2562,7.6968],"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,95.8968,11.7619,57.8498,86.6078,0.0,80.6049,86.8958,3.6144,-24.705,26.6532,-36.6357,-18.5037,-25.1668,-11.4798,38.1686,4.6991],"force":[74.1935,61.6766,80.5627,44.4667,48.6161,57.9497,14.1384,60.7873,94.4664,0.0,90.9963,91.0232,62.646,-77.3538,22.5117,-83.4515,-17.3471,-51.4774,-7.9086,63.7722,2.6149],"direction":[null,null,null,null,99.8755,91.1977,85.8519,84.0054,88.3014,0.0,82.2364,86.54,76.2536,-43.9238,26.2695,-44.9173,-35.7908,-41.8851,-40.9122,14.4164,14.7526],"intensity":[null,null,null,null,50.0,100.0,83.3333,14.2857,87.5,77.7778,80.0,90.9091,41.6667,84.6154,64.2857,73.3333,31.25,64.7059,22.2222,52.6316,40.0],"confirmation":[46.4086,42.4032,48.4467,36.896,69.092,94.138,34.5869,89.6152,96.7334,40.0172,95.076,96.209,15.2015,38.2381,76.0463,85.6005,75.6418,80.6431,51.7654,80.4114,25.0204],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,62.5,62.5,37.5,12.5,0.0,25.0,25.0,37.5],"assessmentRisk":[null,null,null,null,10.7413,7.615,34.3188,16.0867,5.4142,26.8259,7.4256,6.0718,38.2213,36.5535,26.3181,24.1637,37.0279,24.3196,36.5973,9.6638,23.3991],"volumeParticipation":true,"latest":{"consensus":7.7,"control":4.7,"force":2.6,"direction":14.8,"confirmation":25.0,"persistence":37.5,"assessmentRisk":23.4,"intensity":40.0,"evidenceDepth":81},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+7.7","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+4.7","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+2.6","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+14.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"25/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"67.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"13.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"57%","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 and its trend references are aligned 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