{"schema_version":"1.0","name":"CV Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"acf45639-4b44-4cac-83e2-123074c02146","symbol":"CV","name":"CapsoVision, Inc. Common Stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Healthcare","industry":"Medical Devices"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Range pressure and compression, Acceleration, deceleration and rollover, 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":60,"displayedObservations":60,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":50.0,"averageReturn":3.7,"sample":2},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"In this ticker's completed record, 50.0% of comparable cases moved lower after 12 weeks, with an average move of 3.7% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 1.3 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 13.4% across 2 completed cases, with the largest move arriving after 5.5 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics 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0845,50.4372,35.922,44.9283,16.1366,38.9479,35.696,29.1087,41.1796,3.8893,33.3409,7.0778,16.9544,7.2999,22.9861,2.1802,33.5469,35.5216,33.1062,8.3373,17.5581],"volumeParticipation":true,"latest":{"consensus":-31.3,"control":-33.4,"force":-34.0,"direction":-26.9,"confirmation":78.1,"persistence":37.5,"assessmentRisk":17.6,"intensity":40.4,"evidenceDepth":100},"analysis":{"status":"Market Dynamics 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":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-31.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-33.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-34.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-26.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"78/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"46.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"18.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"21.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"30%","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":[4.4,4.57,4.55,4.0,3.91,3.93,3.85,4.0,3.75,3.58,4.12,4.74,4.58,4.79,4.46,4.84,4.9,4.88,4.73,5.12,5.23,5.59,6.9,12.85,13.23,13.01,10.24,6.1,6.23,6.0,5.02,4.96,4.83,4.68,5.49,5.12,5.52,6.87,7.51,7.44,6.25,6.01,6.07,7.5,7.12,6.455,6.64,6.78,7.19,7.19,6.61,7.52,7.28,5.99,6.71,6.49,6.58,7.1,6.46,6.02],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.2866,4.2218,4.1542,4.1261,4.0577,3.9709,3.998,4.1329,4.2142,4.3189,4.3445,4.4346,4.5192,4.5848,4.6112,4.7037,4.7994,4.9432,5.2989,6.6719,7.8643,8.7998,9.0617,8.5232,8.1063,7.7233,7.2318,6.8187,6.4571,6.134,6.0169,5.8539,5.7932,5.9889,6.2655,6.479,6.4374,6.3597,6.307,6.5239,6.6323,6.6001,6.6073,6.6387,6.739,6.821,6.7826,6.9167,6.9827,6.8022,6.7855,6.7317,6.7042,6.7761,6.7187,6.5916],"stroke":"#176fa3","width":1.7},{"label":"Slow 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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":[0.0,0.0,-0.4376,-12.4726,-14.442,-14.0044,-15.7549,-12.4726,-17.9431,-21.663,-9.8468,0.0,-3.3755,0.0,-6.8894,0.0,0.0,-0.4082,-3.4694,0.0,0.0,0.0,0.0,0.0,0.0,-1.6629,-22.6002,-53.8927,-52.9101,-54.6485,-62.0559,-62.5094,-63.4921,-64.6259,-58.5034,-61.3001,-58.2766,-48.0726,-43.2351,-43.7642,-52.7589,-54.5729,-54.1194,-43.3107,-46.1829,-51.2094,-49.811,-48.7528,-45.6538,-45.6538,-50.0378,-43.1595,-44.9735,-54.7241,-49.2819,-50.9448,-50.2646,-46.3341,-51.1716,-54.4974],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,3.8961,0.0,0.0,15.0838,32.4022,27.933,33.7989,24.581,35.1955,36.8715,36.3128,32.1229,43.0168,46.0894,56.1453,92.7374,258.9385,269.5531,263.4078,186.0335,70.3911,74.0223,67.5978,40.2235,38.5475,34.9162,30.7263,53.352,24.2718,23.7668,54.0359,68.3857,66.8161,33.547,28.4188,29.7009,60.2564,52.1368,37.9274,41.8803,44.8718,53.6325,53.6325,41.2393,60.6838,55.5556,27.9915,43.3761,38.6752,40.5983,51.7094,38.0342,17.5781],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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