{"schema_version":"1.0","name":"SQS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ac91ea12-fd87-48ee-92ca-21c475abcfd8","symbol":"SQS","name":"SAPIENT QUALITY SELECT ETF","exchange":"NASDAQ","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, Activity pressure and cumulative balance, Range pressure and compression, 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":23,"displayedObservations":23,"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":["2026-03-20","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":[25.55,24.92,23.75,24.76,25.84,26.7,27.15,27.205,27.73,27.76,28.26,28.49,27.735,27.87,28.0,27.4599,28.1,27.99,27.92,27.53,28.1,28.74,28.88],"highs":[25.55,24.92,24.87,25.85,26.98,27.1971,27.43,28.51,28.27,28.06,28.45,28.65,27.735,28.05,28.0,28.08,28.1704,28.44,28.115,27.6525,28.805,29.01,28.9],"lows":[24.4633,23.76,23.5303,24.53,25.84,26.6489,26.71,27.19,27.55,27.35,28.0966,27.3922,26.57,27.52,27.2,27.4599,27.62,27.7739,27.465,26.7635,28.0746,28.5902,28.08],"closes":[24.4633,23.786,24.6276,25.8422,26.945,27.1971,27.2971,27.76,27.8398,27.9572,28.3408,27.3922,27.279,28.0177,27.2581,27.7731,28.1704,27.7739,27.4937,27.6525,28.6657,28.8418,28.1469],"hoverRows":[[{"label":"Open","value":"25.6","className":"is-ohlc","compact":true},{"label":"High","value":"25.6","className":"is-ohlc","compact":true},{"label":"Low","value":"24.5","className":"is-ohlc","compact":true},{"label":"Close","value":"24.5","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":[23.482652,29.145148],"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":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":26.945}],"reversal_dangers":[{"date":"2026-04-24","price":27.1971}]}},"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":[24.4633,23.786,24.6276,25.8422,26.945,27.1971,27.2971,27.76,27.8398,27.9572,28.3408,27.3922,27.279,28.0177,27.2581,27.7731,28.1704,27.7739,27.4937,27.6525,28.6657,28.8418,28.1469],"consensus":[-100.0,-95.5172,63.8128,57.3145,75.8983,59.4282,49.7239,50.6847,36.9385,46.5892,50.6836,-21.1852,0.0,51.4816,-31.1101,34.5282,41.8067,-11.0762,-13.0272,15.1223,50.7913,36.3549,11.6706],"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,63.2123,47.4682,42.9779,29.7965,48.5484,48.8601,-24.005,0.0,55.6521,-26.8715,31.5771,49.4495,-14.1777,-20.3912,22.3363,60.4083,36.8899,23.5532],"force":[-100.0,-95.5172,63.8128,57.3145,48.1626,33.0026,21.6222,32.6898,10.409,22.9599,30.411,-68.0526,0.0,64.4818,-64.4895,37.6334,32.399,-32.7185,-29.2393,20.2611,53.3284,21.2535,41.8736],"direction":[null,null,null,null,95.7095,73.979,72.3746,72.3462,64.0504,61.2282,67.2479,-15.5142,0.0,37.4294,-12.1119,35.6829,39.7918,-7.9273,-6.9688,3.2071,37.9882,46.5302,23.4831],"intensity":[null,null,null,null,100.0,40.0,16.6667,71.4286,25.0,11.1111,50.0,72.7273,66.6667,76.9231,42.8571,26.6667,25.0,23.5294,16.6667,42.1053,100.0,38.0952,40.9091],"confirmation":[54.6667,53.2322,43.0868,41.0073,68.3529,86.154,83.0896,83.7881,79.1206,82.1586,83.6287,34.141,25.3483,84.8068,79.0371,79.1886,80.975,51.1812,51.3706,50.2191,84.184,79.1652,32.1504],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,100.0,100.0,75.0,62.5,62.5,37.5,37.5,37.5,12.5,12.5,12.5,25.0,25.0,25.0],"assessmentRisk":[null,null,null,null,11.9036,20.2803,25.1083,24.4746,27.0729,20.5285,22.7463,15.5166,35.7833,20.779,31.5269,10.7905,25.661,17.8032,28.9902,19.6809,10.6641,29.8756,46.2526],"volumeParticipation":true,"latest":{"consensus":11.7,"control":23.6,"force":41.9,"direction":23.5,"confirmation":32.2,"persistence":25.0,"assessmentRisk":46.3,"intensity":40.9,"evidenceDepth":88},"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":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+11.7","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+23.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+41.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+23.5","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"32/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"45.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.1%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"84%","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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SQS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/ac91ea12-fd87-48ee-92ca-21c475abcfd8/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."}