{"schema_version":"1.0","name":"MHDC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c03b4a0a-2288-4348-9795-8acf51ad3965","symbol":"MHDC","name":"Mackenzie Canadian High Dividend Yield ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","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, Activity pressure and cumulative balance, Directional strength and control, Range position and boundary pressure, Range pressure and compression, Directional pressure and rotation."},{"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":51,"displayedObservations":51,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Evidence conflict","headline":"Price is ahead of Market Dynamics","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"The gap can close through stronger Market Dynamics or weaker price. Until then, the upward structure should be treated as vulnerable rather than fully aligned.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":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"],"values":[1.350316,1.792726,1.655465,1.574057,1.375791,1.180847,1.072394,0.938104,1.005445,1.061666,1.024215,1.029074,1.097559,1.05821,1.014663,0.701901,0.387999,0.264522,0.381424,0.652348,0.662579,0.541333,0.283511],"opens":[24.218813,23.802102,24.441935,24.610567,24.928125,24.719726,25.04546,25.559525,25.589406,25.818506,26.436079,26.595452,26.695059,26.505804,26.535686,26.268106,26.74625,27.483391,27.453506,27.592966,27.870001,27.25,27.870001],"highs":[24.486698,24.506542,24.471636,24.789192,24.928125,25.057129,25.579447,25.679054,25.788622,26.625334,26.436079,26.595452,26.695059,26.505804,26.535686,26.268106,26.74625,27.483391,27.832039,27.842001,27.870001,27.83,27.950001],"lows":[24.218813,23.802102,24.214613,24.610567,24.570871,24.719726,25.04546,25.439995,25.589406,25.818506,26.157175,26.585491,26.695059,26.505804,26.535686,26.268106,26.74625,27.483391,27.324009,27.592966,27.290001,27.25,27.549999],"closes":[24.238657,24.298185,24.431944,24.630415,24.570871,25.057129,25.579447,25.559525,25.788622,26.625334,26.157175,26.585491,26.695059,26.505804,26.535686,26.268106,26.74625,27.483391,27.832039,27.842001,27.290001,27.790001,27.690001],"hoverRows":[[{"label":"Open","value":"24.2","className":"is-ohlc","compact":true},{"label":"High","value":"24.5","className":"is-ohlc","compact":true},{"label":"Low","value":"24.2","className":"is-ohlc","compact":true},{"label":"Close","value":"24.2","className":"is-ohlc","compact":true},{"label":"Market 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The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"10 Apr 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Not confirming","detail":"Market Dynamics has weakened over four weeks and now lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":23,"summary":"More completed weekly history is needed for a dependable ticker-level 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