{"schema_version":"1.0","name":"BSR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"bd193f4a-c3fd-479d-b498-5cba1c889ded","symbol":"BSR","name":"Bison Resources Limited","exchange":"ASX","country":"AU","asset_type":"equity","currency":"AUD","sector":"Basic Materials","industry":"Other Industrial Metals & Mining"},"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, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Drawdown and recovery 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":19,"displayedObservations":19,"assetType":"Equity","state":"Rotational","stateTone":"caution","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":["2026-04-17","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],"opens":[0.32,0.63,0.42,0.42,0.545,0.52,0.51,0.51,0.495,0.5,0.445,0.41,0.365,0.34,0.375,0.415,0.395,0.4,0.36],"highs":[0.95,0.63,0.42,0.555,0.65,0.545,0.53,0.57,0.5,0.5,0.445,0.41,0.365,0.34,0.45,0.415,0.42,0.42,0.44],"lows":[0.32,0.4,0.4,0.42,0.51,0.455,0.505,0.47,0.495,0.43,0.425,0.41,0.34,0.34,0.375,0.4,0.395,0.37,0.36],"closes":[0.57,0.4,0.41,0.51,0.52,0.52,0.53,0.505,0.5,0.43,0.43,0.41,0.35,0.34,0.415,0.4,0.4,0.42,0.42],"hoverRows":[[{"label":"Open","value":"0.32","className":"is-ohlc","compact":true},{"label":"High","value":"0.95","className":"is-ohlc","compact":true},{"label":"Low","value":"0.32","className":"is-ohlc","compact":true},{"label":"Close","value":"0.57","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"0.63","className":"is-ohlc","compact":true},{"label":"High","value":"0.63","className":"is-ohlc","compact":true},{"label":"Low","value":"0.40","className":"is-ohlc","compact":true},{"label":"Close","value":"0.40","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"0.42","className":"is-ohlc","compact":true},{"label":"High","value":"0.42","className":"is-ohlc","compact":true},{"label":"Low","value":"0.40","className":"is-ohlc","compact":true},{"label":"Close","value":"0.41","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":"0.41","className":"is-ohlc","compact":true},{"label":"High","value":"0.41","className":"is-ohlc","compact":true},{"label":"Low","value":"0.40","className":"is-ohlc","compact":true},{"label":"Close","value":"0.40","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":"0.40","className":"is-ohlc","compact":true},{"label":"High","value":"0.42","className":"is-ohlc","compact":true},{"label":"Low","value":"0.40","className":"is-ohlc","compact":true},{"label":"Close","value":"0.40","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":"0.40","className":"is-ohlc","compact":true},{"label":"High","value":"0.42","className":"is-ohlc","compact":true},{"label":"Low","value":"0.37","className":"is-ohlc","compact":true},{"label":"Close","value":"0.42","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":"0.36","className":"is-ohlc","compact":true},{"label":"High","value":"0.44","className":"is-ohlc","compact":true},{"label":"Low","value":"0.36","className":"is-ohlc","compact":true},{"label":"Close","value":"0.42","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}]],"pressureRange":[-2.3,2.3],"priceRange":[0.3262,0.5838],"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":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-17","price":0.57}],"reversal_dangers":[{"date":"2026-04-24","price":0.4}]}},"smTape":{"available":true,"dates":["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":[0.57,0.4,0.41,0.51,0.52,0.52,0.53,0.505,0.5,0.43,0.43,0.41,0.35,0.34,0.415,0.4,0.4,0.42,0.42],"consensus":[-20.6349,-100.0,0.0,19.3333,0.0,0.0,15.6288,0.0,9.5466,-24.0415,-14.8963,-11.0169,-23.1814,-14.9005,0.0,-17.4218,0.0,15.603,0.0],"supportDates":["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,0.0,22.6368,0.0,20.1603,-32.2223,-17.1882,-8.6725,-20.8653,-12.5589,0.0,-27.7586,0.0,20.4344,0.0],"force":[-20.6349,-100.0,0.0,19.3333,0.0,0.0,15.5038,0.0,10.8486,-22.532,-9.3964,-4.9509,-18.8382,-4.5946,0.0,-14.689,0.0,21.7206,0.0],"direction":[null,null,null,null,0.0,0.0,7.7089,0.0,3.5134,-15.7702,-16.2055,-18.0292,-28.9309,-24.9381,0.0,-7.5602,0.0,5.7118,0.0],"intensity":[null,null,null,null,25.0,40.0,16.6667,14.2857,37.5,44.4444,30.0,9.0909,50.0,7.6923,78.5714,20.0,6.25,17.6471,11.1111],"confirmation":[29.2698,54.6667,0.0,28.8533,25.1641,25.0575,50.224,24.3815,49.0157,75.5226,72.5643,48.7096,75.321,49.8231,25.3606,50.6675,24.9077,50.4391,47.5502],"persistence":[null,null,66.6667,25.0,20.0,16.6667,0.0,0.0,25.0,25.0,12.5,12.5,25.0,37.5,50.0,62.5,75.0,50.0,37.5],"assessmentRisk":[null,null,null,null,19.8734,40.143,37.349,0.6025,18.6763,31.1751,38.0621,39.9489,37.6807,38.1004,18.0852,2.3503,48.9644,41.274,3.9957],"volumeParticipation":true,"latest":{"consensus":0.0,"control":0.0,"force":0.0,"direction":0.0,"confirmation":47.6,"persistence":37.5,"assessmentRisk":4.0,"intensity":11.1,"evidenceDepth":73},"analysis":{"status":"No directional advantage","headline":"The gauges do not support either side","summary":"Control, force and direction are too balanced to support an upward or downward assessment.","take":"Current assessment: wait for a clearer directional advantage.","tone":"neutral","supportedView":"Neither side","direction":"balanced","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+0.0","detail":"No directional advantage","tone":"neutral"},{"label":"SM Control Gauge","value":"+0.0","detail":"Control support is limited","tone":"neutral"},{"label":"SM Force Gauge","value":"+0.0","detail":"Commitment is limited","tone":"neutral"},{"label":"SM Direction Gauge","value":"+0.0","detail":"Follow-through is limited","tone":"neutral"},{"label":"SM Confirmation Gauge","value":"48/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"12.9","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"50.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"16%","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":[0.57,0.4,0.41,0.51,0.52,0.52,0.53,0.505,0.5,0.43,0.43,0.41,0.35,0.34,0.415,0.4,0.4,0.42,0.42],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,0.5156,0.5164,0.5189,0.5163,0.5134,0.4982,0.4858,0.472,0.4498,0.4299,0.4272,0.4222,0.4182,0.4185,0.4188],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.4994,0.4876,0.4822,0.4761,0.4705,0.4667,0.4633],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,0.5965,0.5917,0.5888,0.5945,0.5975,0.5917,0.5866,0.5818,0.5772,0.5729],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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