{"schema_version":"1.0","name":"XNDQ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"cb167bdd-c9eb-43b0-bed8-263ddd9108b0","symbol":"XNDQ","name":"XNASQAQ100 SW 1C","exchange":"EBS","country":"CH","asset_type":"etf","currency":"CHF","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Directional strength and control, Range position and boundary pressure, Range pressure and compression, Acceleration, deceleration and rollover, 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":50,"displayedObservations":50,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.260231,-0.352051,-0.293892,-0.026371,0.319792,0.702671,1.061953,1.241158,1.326638,1.345314,1.344103,1.208025,1.14425,1.050888,0.977634,0.923685,0.657845,0.422504,0.162379,-0.088169,-0.156737,-0.176036],"opens":[28.495001,27.885,28.68,29.684999,30.92,32.014999,32.580002,34.125,34.154999,35.0,35.349998,35.404999,36.759998,35.299999,35.724998,36.014999,34.605,35.049999,34.25,34.849998,35.994999,36.560001],"highs":[28.695,28.709999,29.665001,31.184999,32.014999,32.110001,33.720001,34.404999,34.884998,35.529999,35.349998,35.404999,36.759998,35.299999,35.724998,36.014999,34.605,35.555,34.465,35.994999,36.639999,36.580002],"lows":[28.290001,27.885,28.68,29.684999,30.92,31.799999,32.580002,33.759998,34.145,35.0,35.349998,35.404999,36.759998,35.299999,35.724998,36.014999,34.605,34.759998,33.740002,34.849998,35.994999,35.130001],"closes":[28.290001,28.709999,29.665001,31.184999,32.014999,31.934999,33.720001,34.395,34.884998,35.529999,35.349998,35.404999,36.759998,35.299999,35.724998,36.014999,34.605,34.759998,34.465,35.994999,36.474998,35.240002],"hoverRows":[[{"label":"Open","value":"28.5","className":"is-ohlc","compact":true},{"label":"High","value":"28.7","className":"is-ohlc","compact":true},{"label":"Low","value":"28.3","className":"is-ohlc","compact":true},{"label":"Close","value":"28.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.26","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.9","className":"is-ohlc","compact":true},{"label":"High","value":"28.7","className":"is-ohlc","compact":true},{"label":"Low","value":"27.9","className":"is-ohlc","compact":true},{"label":"Close","value":"28.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.35","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.7","className":"is-ohlc","compact":true},{"label":"High","value":"29.7","className":"is-ohlc","compact":true},{"label":"Low","value":"28.7","className":"is-ohlc","compact":true},{"label":"Close","value":"29.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.29","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.7","className":"is-ohlc","compact":true},{"label":"High","value":"31.2","className":"is-ohlc","compact":true},{"label":"Low","value":"29.7","className":"is-ohlc","compact":true},{"label":"Close","value":"31.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.9","className":"is-ohlc","compact":true},{"label":"High","value":"32.0","className":"is-ohlc","compact":true},{"label":"Low","value":"30.9","className":"is-ohlc","compact":true},{"label":"Close","value":"32.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.0","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"31.8","className":"is-ohlc","compact":true},{"label":"Close","value":"31.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.70","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.7","className":"is-ohlc","compact":true},{"label":"Low","value":"32.6","className":"is-ohlc","compact":true},{"label":"Close","value":"33.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.06","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"34.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.24","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.2","className":"is-ohlc","compact":true},{"label":"High","value":"34.9","className":"is-ohlc","compact":true},{"label":"Low","value":"34.1","className":"is-ohlc","compact":true},{"label":"Close","value":"34.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.33","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"35.0","className":"is-ohlc","compact":true},{"label":"High","value":"35.5","className":"is-ohlc","compact":true},{"label":"Low","value":"35.0","className":"is-ohlc","compact":true},{"label":"Close","value":"35.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.35","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.3","className":"is-ohlc","compact":true},{"label":"High","value":"35.3","className":"is-ohlc","compact":true},{"label":"Low","value":"35.3","className":"is-ohlc","compact":true},{"label":"Close","value":"35.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.34","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.4","className":"is-ohlc","compact":true},{"label":"High","value":"35.4","className":"is-ohlc","compact":true},{"label":"Low","value":"35.4","className":"is-ohlc","compact":true},{"label":"Close","value":"35.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.21","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.8","className":"is-ohlc","compact":true},{"label":"High","value":"36.8","className":"is-ohlc","compact":true},{"label":"Low","value":"36.8","className":"is-ohlc","compact":true},{"label":"Close","value":"36.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.14","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.3","className":"is-ohlc","compact":true},{"label":"High","value":"35.3","className":"is-ohlc","compact":true},{"label":"Low","value":"35.3","className":"is-ohlc","compact":true},{"label":"Close","value":"35.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.05","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"35.7","className":"is-ohlc","compact":true},{"label":"High","value":"35.7","className":"is-ohlc","compact":true},{"label":"Low","value":"35.7","className":"is-ohlc","compact":true},{"label":"Close","value":"35.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.98","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.0","className":"is-ohlc","compact":true},{"label":"High","value":"36.0","className":"is-ohlc","compact":true},{"label":"Low","value":"36.0","className":"is-ohlc","compact":true},{"label":"Close","value":"36.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.92","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.6","className":"is-ohlc","compact":true},{"label":"High","value":"34.6","className":"is-ohlc","compact":true},{"label":"Low","value":"34.6","className":"is-ohlc","compact":true},{"label":"Close","value":"34.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.66","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.0","className":"is-ohlc","compact":true},{"label":"High","value":"35.6","className":"is-ohlc","compact":true},{"label":"Low","value":"34.8","className":"is-ohlc","compact":true},{"label":"Close","value":"34.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.42","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"34.2","className":"is-ohlc","compact":true},{"label":"High","value":"34.5","className":"is-ohlc","compact":true},{"label":"Low","value":"33.7","className":"is-ohlc","compact":true},{"label":"Close","value":"34.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.16","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.8","className":"is-ohlc","compact":true},{"label":"High","value":"36.0","className":"is-ohlc","compact":true},{"label":"Low","value":"34.8","className":"is-ohlc","compact":true},{"label":"Close","value":"36.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.09","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.0","className":"is-ohlc","compact":true},{"label":"High","value":"36.6","className":"is-ohlc","compact":true},{"label":"Low","value":"36.0","className":"is-ohlc","compact":true},{"label":"Close","value":"36.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.16","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.6","className":"is-ohlc","compact":true},{"label":"High","value":"36.6","className":"is-ohlc","compact":true},{"label":"Low","value":"35.1","className":"is-ohlc","compact":true},{"label":"Close","value":"35.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.18","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[27.781801,37.268198],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.176036,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics weakened this week and 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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":34.884998},{"date":"2026-07-24","price":34.759998}],"reversal_dangers":[{"date":"2026-06-26","price":35.299999}]}},"smTape":{"available":true,"dates":["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"],"close":[28.645,29.07,29.13,29.64,29.51,29.065,30.175,31.09,29.705,29.82,29.195,30.475,30.88,29.97,30.125,30.185,30.185,30.625,30.73,30.24,29.635,28.955,28.51,28.945,28.73,28.905,28.935,28.425,28.29,28.71,29.665,31.185,32.015,31.935,33.72,34.395,34.885,35.53,35.35,35.405,36.76,35.3,35.725,36.015,34.605,34.76,34.465,35.995,36.475,35.24],"consensus":[-98.9046,100.0,-100.0,100.0,0.0,-15.7965,28.5482,34.3061,-19.5522,-8.6282,-23.8891,26.0979,31.5536,-18.6791,21.1854,0.0,0.0,24.3231,14.928,9.7564,-18.6132,-39.3301,-39.687,0.0,-24.7366,-15.4452,0.0,-34.2798,-30.0992,9.5659,46.2853,60.3729,61.2114,31.1115,80.5414,71.971,71.6402,67.4214,38.4022,40.097,56.9712,0.0,37.3769,37.8354,-17.7774,0.0,-9.0124,50.6063,53.8907,-22.3044],"supportDates":["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"],"control":[null,null,null,null,null,-23.2038,34.104,39.1667,-26.5766,-17.3961,-27.8018,37.8543,35.4344,-26.0313,23.4924,0.0,0.0,28.7547,15.8266,14.3701,-19.3383,-37.7422,-46.1007,0.0,-27.5087,-21.3515,0.0,-43.8442,-38.9973,20.926,45.4401,68.8847,70.9382,25.4795,83.8529,70.0227,72.2352,74.049,31.3766,35.7063,55.3736,0.0,39.7813,38.1869,-13.3695,0.0,-9.0099,69.5187,54.9548,-30.7558],"force":[-98.9046,100.0,-100.0,100.0,0.0,-27.0401,36.0704,37.1737,-41.3047,-19.32,-35.6291,34.5269,34.6126,-38.1065,29.2701,0.0,0.0,31.5529,13.7342,13.5858,-24.1701,-52.5451,-29.3539,0.0,-15.8129,-7.375,0.0,-28.5862,-19.0356,24.4277,81.4151,57.8487,48.5332,1.097,93.413,77.323,70.446,47.8615,4.461,9.5662,36.1293,0.0,15.6051,14.6261,-37.1416,0.0,-24.7069,49.9505,54.3099,-61.187],"direction":[null,null,null,null,0.0,-0.7002,16.8257,26.7029,-4.0132,-9.0292,-11.0316,6.6413,24.9334,-3.6001,12.7743,0.0,0.0,14.0943,14.7536,1.7482,-13.8152,-31.7056,-39.7379,0.0,-27.9427,-14.4595,0.0,-27.4159,-27.8326,14.0325,22.1584,52.4482,59.1508,58.9871,67.5629,70.3746,71.8132,73.8182,70.6751,66.9228,73.684,0.0,50.1802,54.0118,-8.9833,0.0,-18.399,29.4606,52.3752,-15.1276],"intensity":[null,null,null,null,50.0,20.0,83.3333,71.4286,87.5,55.5556,60.0,81.8182,25.0,61.5385,57.1429,40.0,6.25,17.6471,11.1111,63.1579,40.0,47.619,77.2727,13.0435,12.5,8.0,7.6923,37.037,25.0,17.2414,80.0,96.7742,87.5,69.697,97.0588,82.8571,27.7778,64.8649,13.1579,5.1282,90.0,92.6829,19.0476,13.9535,90.9091,68.8889,76.087,95.7447,77.0833,79.5918],"confirmation":[54.3161,54.6667,54.6667,54.6667,5.1614,50.7674,77.28,78.9913,53.0021,27.5462,75.9427,53.7624,78.1312,52.5587,74.9906,0.7273,1.148,75.9362,72.7269,48.5018,74.1145,81.0126,80.2872,28.9231,75.6015,49.9398,24.7624,78.6503,77.159,29.0012,83.8948,87.1127,87.053,54.4601,94.1151,91.2235,90.8794,88.8777,56.6947,79.9675,85.6199,34.611,79.2604,79.3946,74.3461,25.1763,28.2257,83.8858,85.2416,34.0875],"persistence":[null,null,33.3333,0.0,0.0,16.6667,0.0,12.5,12.5,12.5,12.5,12.5,0.0,0.0,0.0,12.5,0.0,25.0,50.0,50.0,25.0,25.0,0.0,0.0,12.5,37.5,50.0,75.0,75.0,50.0,25.0,12.5,12.5,37.5,50.0,75.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,62.5,50.0,25.0,25.0,25.0,12.5],"assessmentRisk":[null,null,null,null,49.8258,7.1907,34.2166,32.48,22.4823,43.7295,32.1378,46.4523,30.3391,19.0582,31.5278,19.2346,36.0986,22.9419,26.3459,0.9241,24.8749,30.037,30.1086,48.9012,36.055,1.798,44.536,27.1865,26.6726,27.6529,22.6424,19.7974,19.3933,34.4415,9.7284,14.0088,14.1638,16.2882,30.135,25.6802,21.2872,14.5503,2.8436,13.0101,40.3194,24.4588,40.0193,26.4776,21.8784,35.2272],"volumeParticipation":true,"latest":{"consensus":-22.3,"control":-30.8,"force":-61.2,"direction":-15.1,"confirmation":34.1,"persistence":12.5,"assessmentRisk":35.2,"intensity":79.6,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"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":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-22.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-30.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-61.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-15.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"34/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"59.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"31.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"83%","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":[28.645,29.07,29.13,29.64,29.51,29.065,30.175,31.09,29.705,29.82,29.195,30.475,30.88,29.97,30.125,30.185,30.185,30.625,30.73,30.24,29.635,28.955,28.51,28.945,28.73,28.905,28.935,28.425,28.29,28.71,29.665,31.185,32.015,31.935,33.72,34.395,34.885,35.53,35.35,35.405,36.76,35.3,35.725,36.015,34.605,34.76,34.465,35.995,36.475,35.24],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,29.0516,29.0541,29.2579,29.591,29.6117,29.6496,29.5669,29.732,29.9408,29.9461,29.9786,30.0161,30.0468,30.152,30.2571,30.254,30.1414,29.9257,29.6683,29.5368,29.3901,29.3019,29.2352,29.0879,28.9428,28.9005,29.0395,29.4296,29.8997,30.2697,30.897,31.533,32.1425,32.7584,33.2296,33.6251,34.1951,34.396,34.6376,34.8881,34.8366,34.8227,34.7576,34.9826,35.254,35.2514],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,29.4123,29.4536,29.5033,29.5538,29.6006,29.6764,29.7545,29.7905,29.7789,29.7179,29.6284,29.5778,29.515,29.4698,29.4302,29.3557,29.2768,29.2348,29.2667,29.4088,29.6018,29.7747,30.0669,30.3875,30.7207,31.0769,31.3934,31.6906,32.0661,32.3056,32.5589,32.8149,32.9475,33.0818,33.1842,33.3925,33.6208,33.7407],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,30.8992,30.8225,30.9484,31.1579,31.1292,31.1214,31.1201,31.1167,31.1783,31.2464,31.2372,31.1588,31.1714,31.2517,31.2815,31.326,31.337,31.3191,31.1746,31.2166,31.2008,31.2179,31.3574,31.6353,31.9679,32.7431,33.5628,34.375,35.2098,35.8837,36.5072,37.3466,37.7721,38.1706,38.5622,38.6644,38.7334,38.7045,38.6903,38.555,38.1259],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,28.2708,28.2766,28.3049,28.2882,28.3522,28.4113,28.4649,28.5145,28.5429,28.5663,28.6088,28.7862,28.7621,28.6198,28.5205,28.398,28.371,28.2649,28.1429,27.9594,27.8642,27.8941,27.8256,27.6612,27.5251,27.1094,26.7107,26.3685,26.0242,25.8123,25.7053,25.5784,25.7874,26.1104,26.4258,26.9111,27.4276,28.0095,28.7807,29.7345,30.8166],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"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,12.0793,12.8531,13.7626,15.1425,14.4875,14.985,16.1881,17.3833,19.5771,21.9625,24.3997,26.9371,29.2933,31.5056,34.0858,34.3631,34.8535,35.4649,34.3634,33.9444,32.5555,32.1797,32.1611,31.3509],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,5.664,5.5719,5.7278,5.7278,7.1942,7.8421,7.5284,7.3016,6.955,6.8159,6.6627,8.3053,8.1044,7.9529,7.6732,7.512,7.1812,11.9926,19.19,22.5674,22.7118,29.4421,32.2352,33.6717,36.304,35.8761,36.1238,42.0625,37.9666,39.8042,41.0866,36.9633,41.2419,38.2407,44.737,47.2557,42.5596],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,4.646,5.7992,5.7897,5.7897,5.6996,5.5945,8.1008,8.4485,10.3103,11.172,11.3909,11.0292,10.7624,10.8452,12.2345,12.6776,14.2814,13.5159,12.4106,11.6701,11.4616,10.3186,9.9101,9.4738,9.0978,8.9906,8.9559,8.1232,17.0699,16.5643,16.2114,24.62,22.9489,28.5559,25.5522,24.3876,27.8924],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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":"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,39.9846,18.726,20.4912,10.8979,30.5449,36.7613,22.7935,25.1727,26.0936,26.0936,32.8473,34.4589,26.9378,17.6516,7.2141,0.3837,8.327,5.0719,7.7214,18.6207,1.0344,0.0,24.1935,52.1994,96.7742,100.0,95.8579,100.0,99.8466,100.0,100.0,97.6455,98.3649,100.0,83.5493,88.338,91.6056,75.7183,77.4648,74.1409,91.3803,96.7887,82.8733],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-11.1714,-15.1286,-14.8,-16.5857,-12.9286,-11.7714,-14.3714,-13.9286,-13.7571,-13.7571,-12.5,-12.2,-13.6,-15.3286,-17.2714,-18.5429,-17.3,-17.9143,-17.4143,-7.5411,-9.1708,-9.6022,-8.2601,-5.2085,-0.3515,0.0,-0.545,0.0,-0.0291,0.0,0.0,-0.5066,-0.3518,0.0,-3.9717,-2.8156,-2.0267,-5.8623,-5.4407,-6.2432,-2.0811,-0.7753,-4.1349],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,9.1452,4.283,4.6867,2.4925,6.9861,8.4079,5.2133,5.7574,5.968,5.968,7.5127,7.8813,6.1611,4.0372,1.65,0.0878,1.937,1.1798,1.7961,1.9017,0.1056,0.0,2.9586,6.3834,11.8343,14.8108,14.5239,20.9252,23.3459,25.1031,27.4162,26.7707,26.9679,31.8271,26.5914,28.1155,29.1555,24.099,24.6548,23.5969,29.0837,30.8051,26.3762],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-12","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":"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,9.8635,9.2624,8.5979,7.9838,7.4225,6.9977,6.8784,6.7199,6.7047,6.452,6.0368,5.8328,5.5168,5.2149,5.109,4.869,4.6603,4.4253,4.2571,4.0948,3.8812,3.7913,3.5936,3.4416,3.2674,3.0859,2.8721,2.8319,3.0338,2.8686,2.6998,2.9001,2.8762,2.905,2.8864,2.7713,2.9574],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,8.8841,8.6155,8.9227,9.6547,9.3373,9.1045,8.9121,8.7277,8.8257,8.9616,8.7838,7.9157,8.0401,8.792,9.2338,9.8053,9.9349,10.2521,10.2222,11.0082,11.2982,11.2455,11.9355,13.4041,14.9359,18.8253,22.7369,26.3615,30.0017,32.6484,34.7261,37.4041,37.7118,37.5236,37.3495,35.8468,34.1766,32.0623,29.3742,25.8325,21.2038],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.4316,0.4097,0.4002,0.393,0.3829,0.4057,0.4273,0.4003,0.3263,0.2104,0.0817,0.0146,-0.0553,-0.0954,-0.1234,-0.1846,-0.2412,-0.2493,-0.1767,0.0035,0.2109,0.3646,0.6232,0.8726,1.0971,1.312,1.451,1.5478,1.7141,1.7083,1.7183,1.7296,1.6063,1.5038,1.3828,1.3943,1.4257,1.3355],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.4094,0.4087,0.4124,0.41,0.3933,0.3567,0.3017,0.2443,0.1844,0.1284,0.078,0.0255,-0.0278,-0.0721,-0.093,-0.0737,-0.0168,0.0595,0.1722,0.3123,0.4693,0.6378,0.8005,0.9499,1.1028,1.2239,1.3228,1.4041,1.4446,1.4564,1.4417,1.4322,1.4309,1.4118],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0265,-0.003,0.0149,-0.0097,-0.0669,-0.1463,-0.22,-0.2297,-0.2396,-0.2238,-0.2015,-0.2101,-0.2134,-0.1772,-0.0836,0.0773,0.2277,0.3051,0.451,0.5603,0.6279,0.6742,0.6506,0.5979,0.6113,0.4845,0.3955,0.3255,0.1618,0.0474,-0.0589,-0.0379,-0.0052,-0.0763],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,0.0,-0.4386,-1.9399,0.0,0.0,-4.4548,-4.0849,-6.0952,-1.9781,-0.6755,-3.6024,-3.1039,-2.9109,-2.9109,-1.4957,-1.1579,-2.734,-4.68,-6.8672,-8.2985,-6.8993,-7.5909,-7.028,-6.9315,-8.5719,-9.0061,-7.6552,-4.5835,0.0,0.0,-0.2499,0.0,0.0,0.0,0.0,-0.5066,-0.3518,0.0,-3.9717,-2.8156,-2.0267,-5.8623,-5.4407,-6.2432,-2.0811,-0.7753,-4.1349],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,8.5355,3.7005,4.1019,1.9201,6.3885,7.8024,4.6256,5.1667,5.3762,5.3762,6.9122,7.2788,5.5682,3.4561,1.0822,0.0,1.5258,0.7717,1.3855,1.4907,0.0,0.0,1.4846,4.8604,10.2333,13.1672,12.8844,19.1941,21.5801,23.3121,25.5921,24.9558,25.1502,29.9399,24.7791,26.2814,27.3065,22.3224,22.8703,21.8275,27.2358,28.9325,24.567],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/cb167bdd-c9eb-43b0-bed8-263ddd9108b0/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/cb167bdd-c9eb-43b0-bed8-263ddd9108b0/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/cb167bdd-c9eb-43b0-bed8-263ddd9108b0/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/cb167bdd-c9eb-43b0-bed8-263ddd9108b0/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/cb167bdd-c9eb-43b0-bed8-263ddd9108b0/technical-pack/data.json"},"source_fingerprint":"4892f82780610c159d5cfe9c0b70d33a47c801caa261a955d618e37d195903cd","content_hash":"ba80c54e3f343c318206e73099c5e619f2370d09c5ccad5c274338f2e6fa2146","citation":"Sharemaestro, XNDQ Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/cb167bdd-c9eb-43b0-bed8-263ddd9108b0/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."}