{"schema_version":"1.0","name":"DRNZ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c735929f-0e58-4fff-bfb8-8d0c71156bb7","symbol":"DRNZ","name":"REX DRONE ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, 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":43,"displayedObservations":43,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.287126,-0.408362,-0.320705,-0.284045,-0.339426,-0.480191,-0.827481,-1.005665,-1.150904,-1.215648,-1.238764,-1.371532,-1.225676,-0.976825,-0.704593],"opens":[24.91,24.47,24.72,28.905,25.89,24.78,23.45,21.38,23.35,21.05,20.31,21.08,20.62,23.6,24.28],"highs":[25.716,24.63,29.68,29.2786,26.1,24.97,23.47,24.18,23.39,21.62,21.75,21.335,23.66,24.7,24.28],"lows":[23.8201,23.1,24.72,25.04,23.75,23.34,20.2715,20.9101,21.06,19.8148,20.05,19.29,20.61,23.36,22.06],"closes":[24.35,24.48,29.35,25.4,24.46,23.74,20.85,23.085,21.19,20.1155,20.96,20.4235,23.564,24.06,22.48],"hoverRows":[[{"label":"Open","value":"24.9","className":"is-ohlc","compact":true},{"label":"High","value":"25.7","className":"is-ohlc","compact":true},{"label":"Low","value":"23.8","className":"is-ohlc","compact":true},{"label":"Close","value":"24.4","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-1.23","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.7","className":"is-ohlc","compact":true},{"label":"Low","value":"23.4","className":"is-ohlc","compact":true},{"label":"Close","value":"24.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.98","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.3","className":"is-ohlc","compact":true},{"label":"High","value":"24.3","className":"is-ohlc","compact":true},{"label":"Low","value":"22.1","className":"is-ohlc","compact":true},{"label":"Close","value":"22.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.70","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[19.56143,29.90407],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.704593,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":29.35}],"reversal_dangers":[{"date":"2026-06-05","price":25.4}]}},"smTape":{"available":true,"dates":["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"],"close":[24.0333,21.39,20.2428,18.62,20.2155,20.8807,20.795,21.3778,21.985,23.2975,27.9,28.9684,28.2834,25.0203,23.81,23.0943,25.01,25.86,27.02,27.19,25.57,23.67,24.96,24.58,25.82,26.04,26.3063,25.18,24.35,24.48,29.35,25.4,24.46,23.74,20.85,23.085,21.19,20.1155,20.96,20.4235,23.564,24.06,22.48],"consensus":[-32.9345,-39.2857,-51.416,-30.3385,-47.5304,0.0,-14.4795,22.1017,16.676,52.8221,76.0858,68.1568,29.6936,-23.0441,-35.255,-37.8061,20.2609,30.8458,38.5296,30.1623,-23.6264,-45.0645,12.9601,-22.4512,22.3073,14.0875,24.0285,-15.8913,-27.0813,0.0,66.9683,-36.9664,-23.5734,-30.0039,-65.2839,8.9625,-58.3173,-51.1895,-8.7186,-33.3548,43.5852,25.2098,-24.4626],"supportDates":["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"],"control":[null,null,null,null,null,0.0,-20.8375,14.9615,4.2746,48.7033,65.5081,58.5882,23.552,-32.9331,-23.0096,-29.6076,30.3919,33.3884,26.3359,25.5415,-25.0728,-42.2425,24.6467,-19.4418,26.6719,7.3142,26.0088,-23.6164,-25.7642,0.0,63.1954,-39.2599,-28.7065,-34.6251,-64.5491,13.8805,-58.8649,-52.8334,-9.8108,-28.1722,44.2868,20.1507,-31.6348],"force":[-32.9345,-39.2857,-51.416,-30.3385,-5.8047,0.0,-2.3546,43.9895,25.4904,61.9239,90.411,68.9717,21.6841,-77.638,-54.9644,-40.1109,45.419,37.471,52.9894,19.1724,-67.5105,-69.3181,33.4868,-27.8889,31.399,8.7719,22.4372,-28.6346,-32.3349,0.0,95.344,-82.9307,-30.0616,-27.7552,-77.7319,61.5985,-69.1367,-43.2513,-21.7177,-22.0551,73.6774,24.7688,-52.8961],"direction":[null,null,null,null,-85.6268,0.0,-15.8738,14.6278,24.5529,51.0278,77.9422,78.5103,73.4109,-27.2533,-35.1716,-45.5295,9.2876,23.2077,42.1368,43.2931,-9.3725,-30.9655,15.0579,-22.0065,10.825,25.6251,22.9019,-2.0398,-24.8339,0.0,51.0118,-1.5135,-13.0727,-26.3288,-57.2323,34.2552,-49.9634,-54.9809,-29.2105,-47.3489,21.289,31.3066,-4.0439],"intensity":[null,null,null,null,25.0,20.0,16.6667,14.2857,87.5,44.4444,100.0,90.9091,16.6667,76.9231,71.4286,33.3333,56.25,35.2941,72.2222,21.0526,50.0,57.1429,63.6364,52.1739,29.1667,32.0,19.2308,29.6296,17.8571,27.5862,96.6667,93.5484,81.25,33.3333,79.4118,71.4286,55.5556,54.0541,13.1579,10.2564,82.5,78.0488,42.8571],"confirmation":[33.2057,35.2381,39.1198,32.375,37.2957,6.0207,49.5004,75.8484,51.1272,85.2432,92.9452,89.9808,35.3224,37.3679,80.0689,80.2931,31.7438,78.0338,80.956,77.3874,33.5419,83.2028,30.4737,75.396,75.3489,49.7825,75.6104,51.1243,76.8462,26.2093,90.3521,58.5284,75.663,77.4623,89.2814,34.3716,86.9829,84.1137,29.1455,78.4081,82.8537,76.1308,62.7813],"persistence":[null,null,100.0,100.0,100.0,83.3333,85.7143,62.5,37.5,12.5,12.5,37.5,62.5,50.0,50.0,25.0,25.0,25.0,25.0,25.0,0.0,0.0,25.0,25.0,25.0,25.0,25.0,0.0,0.0,12.5,12.5,12.5,12.5,37.5,62.5,37.5,37.5,50.0,75.0,75.0,50.0,25.0,25.0],"assessmentRisk":[null,null,null,null,25.4723,13.8125,25.6999,37.1625,35.1502,20.9068,11.901,15.8976,35.0717,46.8641,31.2236,30.9424,57.6455,6.7797,28.1484,33.9648,26.4936,17.9998,45.8102,36.1377,2.6699,39.2276,29.143,31.9501,29.2057,42.9623,14.0238,24.0238,14.5525,3.0976,17.3344,44.507,16.2497,21.2376,6.926,25.7083,16.7359,34.1697,40.6586],"volumeParticipation":true,"latest":{"consensus":-24.5,"control":-31.6,"force":-52.9,"direction":-4.0,"confirmation":62.8,"persistence":25.0,"assessmentRisk":40.7,"intensity":42.9,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-24.5","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-31.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-52.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-4.0","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"63/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"43.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"10.8%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"10.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"31%","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 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DRNZ Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/c735929f-0e58-4fff-bfb8-8d0c71156bb7/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}