{"schema_version":"1.0","name":"ARMY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"b8a92ee6-a647-417f-a174-5c4f492b2a54","symbol":"ARMY","name":"Tema International Defense 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, Acceleration, deceleration and rollover, Range pressure and compression."},{"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":[24.8,26.68,26.79,26.83,24.95,24.92,24.2,23.88,26.26,26.28,25.09,24.82,23.86,23.14,25.51,23.63,23.58,25.23,25.75,27.54,27.88],"highs":[26.4792,27.0574,27.04,26.9295,25.135,25.6987,24.46,25.47,27.09,26.28,25.5498,24.96,23.94,25.58,25.77,23.87,24.78,25.4328,27.4,27.93,27.88],"lows":[24.8,26.21,26.67,24.74,24.34,24.51,23.51,23.85,25.91,24.7172,24.4,24.15,22.6269,23.04,23.81,23.29,23.45,24.8997,25.75,27.26,26.29],"closes":[26.4792,26.23,26.9926,24.8559,25.0,24.6863,23.51,25.3987,26.9538,24.7887,24.7745,24.3021,22.6269,25.3623,23.9256,23.6495,24.5939,25.3292,27.3701,27.8447,26.29],"hoverRows":[[{"label":"Open","value":"24.8","className":"is-ohlc","compact":true},{"label":"High","value":"26.5","className":"is-ohlc","compact":true},{"label":"Low","value":"24.8","className":"is-ohlc","compact":true},{"label":"Close","value":"26.5","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}],[{"label":"Open","value":"25.2","className":"is-ohlc","compact":true},{"label":"High","value":"25.4","className":"is-ohlc","compact":true},{"label":"Low","value":"24.9","className":"is-ohlc","compact":true},{"label":"Close","value":"25.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.8","className":"is-ohlc","compact":true},{"label":"High","value":"27.4","className":"is-ohlc","compact":true},{"label":"Low","value":"25.8","className":"is-ohlc","compact":true},{"label":"Close","value":"27.4","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":[22.313832,28.157768],"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":"2026-04-03","price":26.4792},{"date":"2026-05-29","price":26.9538},{"date":"2026-08-07","price":27.3701}],"reversal_dangers":[{"date":"2026-04-10","price":26.23},{"date":"2026-06-05","price":24.7887},{"date":"2026-08-14","price":27.8447}]}},"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":[26.4792,26.23,26.9926,24.8559,25.0,24.6863,23.51,25.3987,26.9538,24.7887,24.7745,24.3021,22.6269,25.3623,23.9256,23.6495,24.5939,25.3292,27.3701,27.8447,26.29],"consensus":[100.0,-95.2797,74.3784,-51.8596,-37.6277,-38.1623,-61.4778,35.7575,57.6884,-41.8611,-8.5072,-39.1338,-74.1085,44.016,-46.401,-22.5356,29.7758,26.5244,67.8544,52.7855,8.8024],"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,-36.3598,-67.1908,34.8575,52.8351,-50.7756,-19.6806,-39.1093,-73.3228,42.5232,-45.741,-17.4912,25.9285,32.8524,72.1675,55.481,27.6875],"force":[100.0,-95.2797,74.3784,-51.8596,-2.4125,-22.7371,-42.2461,80.2149,71.5463,-58.3346,-0.1998,-32.7913,-79.6692,81.0516,-62.1786,-10.5702,55.3389,34.4293,76.5505,37.7622,42.3636],"direction":[null,null,null,null,-66.2279,-51.2404,-68.6855,5.0307,53.3366,-19.9065,-1.6716,-43.6922,-71.0346,19.2681,-35.8858,-36.8475,15.9133,13.6461,56.7136,60.4358,36.7529],"intensity":[null,null,null,null,75.0,20.0,50.0,85.7143,87.5,100.0,20.0,18.1818,58.3333,100.0,50.0,73.3333,31.25,52.9412,77.7778,52.6316,55.0],"confirmation":[54.6667,53.1562,46.4677,39.2617,33.6491,79.7693,86.9997,58.1443,86.9566,81.7618,24.9655,80.3299,91.8962,83.2366,83.3392,74.9236,78.3659,76.6323,89.9127,84.3924,34.0591],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,25.0,25.0,25.0,50.0,50.0,50.0,25.0,25.0,50.0,50.0,25.0,0.0,25.0,25.0],"assessmentRisk":[null,null,null,null,25.0876,26.962,19.2031,3.2823,16.8661,24.6417,41.6257,15.6921,12.8394,3.3436,2.3323,9.4347,29.3642,14.4271,15.0309,23.2893,45.404],"volumeParticipation":true,"latest":{"consensus":8.8,"control":27.7,"force":42.4,"direction":36.8,"confirmation":34.1,"persistence":25.0,"assessmentRisk":45.4,"intensity":55.0,"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":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+8.8","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+27.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+42.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+36.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"34/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"49.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"69%","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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