{"schema_version":"1.0","name":"2026 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"b8570c5c-0935-41fc-a862-28e4b4a98584","symbol":"2026","name":"Pony AI Inc.","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Technology","industry":"Information Technology Services"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened 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, Range position and boundary pressure, Range pressure and compression, Acceleration, deceleration and rollover."},{"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":"2026-08-14","observations":41,"displayedObservations":41,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.528336,-0.624049,-0.614754,-0.594953,-0.466236,-0.566681,-0.56588,-0.619316,-0.695562,-0.646103,-0.447838,-0.211041,-0.032361],"opens":[64.949997,72.0,75.800003,64.25,66.949997,54.5,54.5,52.900002,52.0,51.299999,56.650002,60.799999,61.799999],"highs":[73.449997,80.650002,77.349998,69.900002,68.199997,54.5,55.950001,54.450001,58.700001,58.0,62.299999,63.900002,68.449997],"lows":[62.900002,70.199997,73.800003,64.25,62.849998,51.400002,52.700001,51.599998,49.82,51.299999,55.0,58.450001,61.799999],"closes":[72.0,79.5,74.199997,66.949997,63.799999,52.299999,55.400002,52.450001,51.299999,56.099998,62.299999,61.25,64.050003],"hoverRows":[[{"label":"Open","value":"64.9","className":"is-ohlc","compact":true},{"label":"High","value":"73.4","className":"is-ohlc","compact":true},{"label":"Low","value":"62.9","className":"is-ohlc","compact":true},{"label":"Close","value":"72.0","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.70","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"51.3","className":"is-ohlc","compact":true},{"label":"High","value":"58.0","className":"is-ohlc","compact":true},{"label":"Low","value":"51.3","className":"is-ohlc","compact":true},{"label":"Close","value":"56.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.65","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"56.7","className":"is-ohlc","compact":true},{"label":"High","value":"62.3","className":"is-ohlc","compact":true},{"label":"Low","value":"55.0","className":"is-ohlc","compact":true},{"label":"Close","value":"62.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.45","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"60.8","className":"is-ohlc","compact":true},{"label":"High","value":"63.9","className":"is-ohlc","compact":true},{"label":"Low","value":"58.5","className":"is-ohlc","compact":true},{"label":"Close","value":"61.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.21","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"61.8","className":"is-ohlc","compact":true},{"label":"High","value":"68.4","className":"is-ohlc","compact":true},{"label":"Low","value":"61.8","className":"is-ohlc","compact":true},{"label":"Close","value":"64.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[49.607999,81.192],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.032361,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":13,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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"],"close":[111.9,93.0,87.1,107.0,116.1,120.0,115.2,127.0,116.1,136.5,126.1,131.8,113.1,103.7,114.7,110.7,118.5,102.2,95.7,82.75,74.6,67.65,74.2,86.25,82.25,74.6,75.1,66.9,72.0,79.5,74.2,66.95,63.8,52.3,55.4,52.45,51.3,56.1,62.3,61.25,64.05],"consensus":[-57.7777,-83.7161,-77.7778,50.3348,33.4457,41.9674,19.2301,43.9492,-8.578,65.6755,0.0,37.6632,-40.7419,-49.8368,9.1594,-24.1082,32.5139,-47.315,-42.4109,-64.0313,-60.6522,-56.7603,-19.0233,14.5866,-26.8892,-38.0322,-25.9626,-58.4613,0.0,23.7584,-29.6169,-27.7422,-42.3724,-55.0281,-20.3011,-42.4868,-41.5232,0.0,27.7119,0.0,-17.7426],"supportDates":["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"],"control":[null,null,null,null,null,41.1883,8.9705,39.1781,-11.3903,66.3064,0.0,41.9474,-44.0614,-43.5712,14.9216,-15.556,29.2351,-49.0996,-38.9168,-61.7501,-61.6044,-56.2443,-7.2486,18.9936,-38.9346,-52.2738,-35.3241,-60.3002,0.0,21.741,-40.0568,-33.6155,-46.7444,-59.4829,-8.3898,-44.7211,-42.8838,0.0,26.3269,0.0,-5.7035],"force":[-57.7777,-83.7161,-77.7778,50.3348,30.0283,32.569,9.9007,37.3963,-27.3188,73.6674,0.0,32.7343,-64.6972,-50.8,41.7518,-19.8764,68.8979,-73.5973,-40.8054,-76.0824,-56.9005,-46.5776,-16.6201,51.7335,-23.3742,-35.5521,-8.2183,-62.4015,0.0,63.1806,-26.5215,-17.9766,-35.6728,-43.3432,-7.5915,-22.9073,-25.0385,0.0,61.007,0.0,-32.0587],"direction":[null,null,null,null,35.8867,49.5709,37.6192,54.0825,-8.0223,59.246,0.0,36.2877,-19.8374,-56.3095,20.7063,-36.9048,10.2726,-26.5024,-47.5508,-58.0303,-62.2437,-64.6234,-57.9397,16.9834,-15.6336,-23.5276,-27.9382,-53.5452,0.0,2.0946,-19.8967,-28.0052,-42.1612,-58.2834,-53.8371,-53.9188,-51.743,0.0,5.5126,0.0,-21.2757],"intensity":[null,null,null,null,100.0,20.0,33.3333,57.1429,37.5,100.0,30.0,27.2727,66.6667,61.5385,42.8571,26.6667,31.25,58.8235,27.7778,52.6316,50.0,66.6667,22.7273,56.5217,25.0,24.0,3.8462,40.7407,14.2857,27.5862,16.6667,48.3871,6.25,69.697,5.8824,2.8571,16.6667,18.9189,34.2105,12.8205,20.0],"confirmation":[41.1555,49.4558,47.5556,38.7738,55.8797,81.155,74.0256,81.9367,27.6513,89.2501,31.5006,79.8367,81.7169,84.0726,30.9205,75.716,79.5633,83.9146,81.5758,88.892,87.2799,85.8608,8.7262,32.0225,76.3139,79.8777,75.6246,86.7997,8.0238,54.6151,77.224,76.4904,81.2884,85.185,52.7806,80.965,80.7643,6.8139,55.237,24.4363,51.6307],"persistence":[null,null,100.0,50.0,20.0,0.0,14.2857,25.0,25.0,50.0,62.5,62.5,37.5,12.5,12.5,12.5,12.5,12.5,25.0,50.0,50.0,50.0,75.0,50.0,75.0,75.0,75.0,75.0,62.5,37.5,37.5,62.5,62.5,62.5,62.5,62.5,75.0,87.5,62.5,50.0,25.0],"assessmentRisk":[null,null,null,null,2.8293,27.3648,39.3601,24.5382,4.289,9.8697,34.9399,0.372,9.1539,24.4714,41.4683,35.0824,6.5606,17.2105,25.1963,17.0757,19.6334,21.422,39.5421,9.38,46.1606,51.7268,18.1245,20.0064,40.1287,14.7457,8.7273,14.2089,20.7542,22.4416,39.3941,27.4991,28.3086,26.6374,27.568,45.7201,40.1616],"volumeParticipation":true,"latest":{"consensus":-17.7,"control":-5.7,"force":-32.1,"direction":-21.3,"confirmation":51.6,"persistence":25.0,"assessmentRisk":40.2,"intensity":20.0,"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-17.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-5.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-32.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"52/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"36.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"15.2%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"22.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"21%","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."}