{"schema_version":"1.0","name":"JNJ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c0a88e65-0383-4ca5-a7e1-92d624e24ee7","symbol":"JNJ","name":"Johnson & Johnson","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","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, Range position and boundary pressure, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control, 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":"2026-08-21","observations":35,"displayedObservations":35,"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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.412963,0.661732,0.816455,0.907406,0.973971,0.988544,0.96183],"opens":[33.349998,32.439999,32.360001,33.82,32.68,33.200001,33.279999],"highs":[33.349998,32.759998,33.759998,35.189999,33.57,33.73,35.259998],"lows":[32.84,32.369999,31.51,32.57,32.139999,32.759998,33.23],"closes":[32.93,32.52,33.759998,32.849998,33.259998,33.32,34.709999],"hoverRows":[[{"label":"Open","value":"33.3","className":"is-ohlc","compact":true},{"label":"High","value":"33.3","className":"is-ohlc","compact":true},{"label":"Low","value":"32.8","className":"is-ohlc","compact":true},{"label":"Close","value":"32.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / 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This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics paused slightly this week and remains positive.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","tone":"caution"},{"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":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.54,"forwardCorrelation":-0.01,"directionalAgreement":100.0,"sample":3,"correlationSample":26,"label":"Strong 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics paused slightly this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[26.3972,26.5357,26.2093,28.0192,28.1873,29.0874,30.739,31.0951,31.1347,31.9464,30.7831,31.0217,30.1467,30.8229,31.0416,30.5246,30.0672,29.1922,29.1127,28.3173,29.0133,29.9877,28.95,29.92,30.85,29.11,32.6,34.04,32.93,32.52,33.76,32.85,33.26,33.32,34.71],"consensus":[-11.1109,-23.0764,-20.4817,49.2121,71.9331,77.6918,85.026,76.1713,51.7558,89.5025,0.0,43.5267,-27.979,44.0664,29.7051,-11.559,-24.0182,-56.1924,-31.5169,-65.4427,0.0,41.9721,-46.0125,31.2979,50.4808,-37.4116,65.0542,64.6906,13.4407,20.7203,68.1076,-20.143,37.523,27.5043,61.416],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,84.3028,95.7913,69.6778,41.6861,91.686,0.0,46.9305,-24.67,54.473,19.2582,-10.5583,-23.2493,-45.4083,-23.3574,-70.4402,0.0,45.5371,-48.6509,32.4831,59.6436,-38.4374,74.7762,74.7836,2.3003,15.4517,65.8347,-12.6651,40.3691,26.3295,61.36],"force":[-11.1109,-23.0764,-20.4817,49.2121,32.7181,51.8096,57.4122,66.2296,17.0794,86.1701,0.0,31.9377,-79.7872,63.0124,14.2138,-43.0572,-51.2614,-81.0848,-15.5145,-59.2665,0.0,65.7937,-64.2665,38.3375,43.4065,-39.3523,59.7707,47.9908,24.1764,17.5896,89.0486,-79.9511,36.4882,13.3306,77.257],"direction":[null,null,null,null,99.9439,88.6237,92.447,90.6936,88.033,89.3874,0.0,47.9144,-5.2452,18.6402,52.7095,-9.7961,-5.4374,-50.7369,-52.2724,-64.143,0.0,20.8823,-29.9587,24.9152,45.0622,-34.853,57.7173,65.0842,58.2998,54.1058,55.7473,-14.0311,35.0096,38.971,50.165],"intensity":[null,null,null,null,75.0,80.0,83.3333,57.1429,12.5,44.4444,80.0,36.3636,50.0,38.4615,64.2857,46.6667,25.0,76.4706,16.6667,42.1053,40.0,66.6667,68.1818,60.8696,66.6667,100.0,100.0,88.8889,75.0,24.1379,83.3333,83.871,84.375,24.2424,82.3529],"confirmation":[26.2221,30.0511,29.2208,38.4146,66.5592,91.9719,94.2027,92.1708,83.6585,96.506,15.0474,81.5235,57.0349,82.5201,77.1927,29.4306,53.8611,86.9045,77.7221,88.6773,33.0719,82.1027,83.2401,78.2118,83.7986,80.0152,88.5082,88.0382,9.0428,31.9624,90.4673,34.0424,79.9325,76.3873,55.0],"persistence":[null,null,100.0,50.0,20.0,0.0,14.2857,25.0,50.0,75.0,87.5,87.5,62.5,62.5,62.5,37.5,12.5,12.5,25.0,50.0,37.5,37.5,62.5,37.5,12.5,12.5,12.5,37.5,50.0,50.0,75.0,50.0,50.0,75.0,75.0],"assessmentRisk":[null,null,null,null,12.8403,11.046,7.4858,11.8868,24.0901,5.2224,4.9561,26.2791,27.002,65.8449,0.3161,20.8134,6.681,20.2953,33.6343,17.2034,46.0041,19.3977,11.601,33.25,23.9809,19.7632,17.1444,17.4569,38.8084,38.9874,0.7976,24.7277,6.7674,12.8665,0.6617],"volumeParticipation":true,"latest":{"consensus":61.4,"control":61.4,"force":77.3,"direction":50.2,"confirmation":55.0,"persistence":75.0,"assessmentRisk":0.7,"intensity":82.4,"evidenceDepth":100},"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":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+61.4","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+61.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+77.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+50.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"65.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"25.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"92%","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 upward.","series":[{"label":"Close","values":[26.3972,26.5357,26.2093,28.0192,28.1873,29.0874,30.739,31.0951,31.1347,31.9464,30.7831,31.0217,30.1467,30.8229,31.0416,30.5246,30.0672,29.1922,29.1127,28.3173,29.0133,29.9877,28.95,29.92,30.85,29.11,32.6,34.04,32.93,32.52,33.76,32.85,33.26,33.32,34.71],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,26.9549,27.3426,27.9601,28.5301,29.0037,29.5387,29.765,29.9935,30.0213,30.1671,30.3261,30.3622,30.3085,30.1056,29.925,29.6327,29.5201,29.6051,29.486,29.5649,29.7986,29.6734,30.2055,30.9027,31.2713,31.4983,31.9095,32.0805,32.295,32.4813,32.8866],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,28.5404,28.7095,28.8822,29.0039,29.0826,29.0907,29.0924,29.035,29.0333,29.104,29.0926,29.1539,29.2796,29.267,29.5139,29.8491,30.0774,30.2583,30.5177,30.6904,30.8808,31.0615,31.3317],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,33.0764,33.1921,33.319,33.2562,33.2973,33.3582,33.3288,33.2513,33.1306,33.0177,32.9126,32.7401,32.5636,32.191,32.1017,32.0716,32.0702,32.4283,33.1148,33.4054,33.5008,33.9654,34.1877,34.4935,34.7652,35.2747],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,24.7939,25.0141,25.207,25.4057,25.5778,25.7307,25.8827,26.0145,26.0862,26.1469,26.1255,26.5596,27.0814,27.728,28.0073,28.3037,28.3074,28.1354,27.7434,27.6324,27.5942,27.4274,27.3879,27.3935,27.3715,27.2288],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,94.1071,92.5087,100.0,80.6821,84.6112,70.2047,81.337,84.9386,76.4257,68.895,54.4885,53.1788,40.082,51.5417,67.5853,50.5002,66.4713,81.7839,53.1346,98.2448,99.7554,85.6064,77.621,94.8649,66.438,72.3185,73.1791,92.1899],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.0387,-1.3475,0.0,-3.6714,-2.9247,-5.6627,-3.547,-2.8625,-4.4804,-5.9116,-8.6497,-8.8986,-11.3877,-9.2097,-6.1605,-9.4077,-6.3723,-3.462,-8.907,-0.3668,-0.0587,-3.3177,-4.5214,-0.8808,-6.6496,-5.4845,-5.314,-1.5598],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,20.1376,20.2904,23.4267,18.9321,19.8541,16.4736,19.0858,19.9309,17.9333,16.1663,12.7858,12.4784,9.4053,12.0943,15.8589,11.8499,15.5975,19.1906,12.4681,25.9519,31.5154,25.6425,19.6533,19.6407,16.4158,17.8687,18.0814,23.0073],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.3528,2.3546,2.4724,2.6213,2.8476,2.8368,2.9189,2.9954,2.9326,3.1896,3.1666,3.0787,3.5376,3.7242,3.6183,3.7334,3.6334,3.726,4.1254,4.0906,3.9995,3.9829],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,28.6245,28.1001,27.7212,26.7653,26.2233,25.8171,25.1507,24.4214,23.7921,23.2262,22.9922,20.8449,18.3828,14.897,13.6232,12.4818,12.4639,14.1762,17.652,18.9162,19.3358,21.2988,22.086,22.9451,23.7983,25.7457],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,116.0494,117.3313,96.9529,126.1189,156.4383,99.5323,171.4841,139.5964,55.6732,133.0486,152.4888,92.0146,53.1993,97.2912,74.9272,68.2631,19.0797,15.5061,5.7428,43.3031,3.5467,13.8681,176.3751,341.033,332.3657,130.9659,199.6941,122.1865],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,129.6593,135.0,130.758,135.0,135.0,133.0467,128.2803,122.6433,119.2569,117.3461,120.9873,123.8535,121.2208,121.9427,122.5053,122.3036,123.673,123.7792,123.3864,118.1953,129.4798,117.3248,122.2187,129.8408,134.4798],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,21.8081,22.7764,22.818,22.4629,22.6781,23.5439,23.973,24.4487,25.5672],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,31.1601,33.8575,30.4483,27.0736,23.8353,22.2776,20.6697,24.0564,25.2243,25.5375,23.1116,26.5975,22.7786,37.0615,41.6947,38.7877,37.4746,38.3651,40.6043,37.5559,36.4609,40.5419],"stroke":"#07865c","width":1.6},{"label":"Negative 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