{"schema_version":"1.0","name":"MER Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c4364f6e-40b6-43a5-823f-68a4e4eba499","symbol":"MER","name":"Meren Energy Inc.","exchange":"STO","country":"SE","asset_type":"equity","currency":"SEK","sector":"Energy","industry":"Oil & Gas E&P"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Directional strength and control, Activity pressure and cumulative balance, 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":67,"displayedObservations":67,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving but remains below zero","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","take":"Continued repair would strengthen the upward case. Renewed weakness would leave price ahead of the underlying position.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[0.062584,0.274532,0.337139,0.376533,0.363211,0.322649,0.370309,0.803357,1.236716,1.59497,1.811894,1.837777,1.994053,1.943784,2.000793,2.026641,1.811529,1.824518,1.840364,1.759659,1.696934,1.462881,1.218229,0.903696,0.664138,0.303043,-0.17655,-0.496894,-0.805995,-0.946332,-1.102585,-1.240702,-1.290433,-1.359972,-1.187355,-1.098276,-1.009268,-0.585906,-0.382648],"opens":[11.665655,11.546233,12.439917,12.211022,11.759204,11.812945,12.489676,12.121455,12.738475,12.97931,13.536619,13.793379,14.77464,14.98363,15.425496,15.676285,15.475255,14.621412,15.992168,16.381247,16.361295,15.563184,16.321391,16.860115,15.962239,16.141815,15.3,15.32,14.42,14.1,13.36,13.26,13.62,13.54681,13.606664,13.786223,13.706419,13.726371,15.322459],"highs":[11.747261,12.439916,12.591186,12.429964,11.932368,12.853916,12.638954,12.837993,13.062908,14.430304,14.36064,14.770659,15.325977,15.312044,15.823573,15.773814,15.624534,16.00414,17.20929,16.900021,16.520918,16.580777,17.159407,17.059643,16.580776,16.640636,15.88,15.52,14.68,14.2,13.36,13.5,13.78,13.846077,14.743877,14.025638,13.945832,15.362362,15.541922],"lows":[11.345203,11.450693,11.974165,11.639781,11.683569,11.649734,11.723377,11.99805,12.416032,12.97931,12.81809,13.369427,14.014313,13.524678,14.281025,14.131744,14.563548,13.978932,15.541235,14.785024,15.04441,15.503325,16.241579,15.204032,15.642995,15.46,14.98,15.12,14.24,13.02,13.2,13.26,13.5,13.36725,13.506908,13.506908,13.407152,13.726371,14.92],"closes":[11.518368,12.41205,12.201071,11.753234,11.814935,12.509579,12.119465,12.818089,12.979311,14.048149,13.759543,14.629341,14.98363,14.446226,15.077178,15.375736,14.563548,15.992169,16.32937,15.842523,15.104269,16.241579,16.740398,15.822569,16.062004,15.7,15.04,15.18,14.52,13.14,13.26,13.46,13.62,13.54681,14.245099,13.826125,13.666516,15.262607,15.06],"hoverRows":[[{"label":"Open","value":"11.7","className":"is-ohlc","compact":true},{"label":"High","value":"11.7","className":"is-ohlc","compact":true},{"label":"Low","value":"11.3","className":"is-ohlc","compact":true},{"label":"Close","value":"11.5","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics remains below zero, but it has improved across the recent completed path. 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Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics 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2.5,25.0,0.0,0.0,12.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,37.5,37.5,12.5,0.0,12.5,0.0,0.0,25.0,0.0,25.0,25.0,37.5,62.5,75.0,62.5,87.5,87.5,62.5,62.5,62.5,50.0,25.0,37.5,37.5,12.5,37.5,12.5,12.5,25.0,25.0,50.0,75.0,75.0,100.0,100.0,75.0,75.0,75.0,50.0,25.0],"assessmentRisk":[15.2972,14.6233,24.2241,13.7557,19.1838,51.4077,3.9882,20.2618,48.9502,29.9572,8.2357,33.6973,10.9354,4.5897,6.5564,2.2566,27.9736,27.0272,9.5016,1.2985,20.261,28.1151,14.5571,36.2713,15.7843,22.8511,29.0888,24.9683,24.2291,19.9093,14.8158,26.1375,28.1369,42.0289,6.1853,7.6278,6.3124,32.6928,24.9087,31.321,27.7815,34.0876,16.9054,31.4555,39.5971,31.1396,37.7405,35.7725,35.8338,13.0213,19.2615,37.0411],"volumeParticipation":true,"latest":{"consensus":8.9,"control":1.5,"force":13.9,"direction":33.6,"confirmation":3.8,"persistence":25.0,"assessmentRisk":37.0,"intensity":90.4,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+8.9","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+1.5","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+13.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction 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direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,16.9937,14.8497,14.212,18.3187,17.8414,16.3806,14.8219,13.9877,15.6174,20.0563,18.9858,18.3278,17.0302,17.6091,17.014,19.0493,17.1194,16.0286,18.1521,17.6682,15.5126,14.1036,12.9423,12.1149,10.4943,10.4886,9.2826,8.3184,10.8416,9.6547,9.5918,8.9012,11.4754,10.2977,13.4266,12.2909,11.2647,10.6684,15.344,14.527,14.5925,16.6218,16.1363,20.6319,26.1357,25.7667,25.3462,24.766,24.8712,22.6312,21.3929,21.2744,18.6656,17.8033],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}