{"schema_version":"1.0","name":"FEMV Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ccf786d4-0a97-4d9d-96c6-0e5a7e51b5a3","symbol":"FEMV","name":"FIDELITY ENHANCED MID CAP VALUE ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","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, Completed returns and cumulative progression, Range expansion and closing direction, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance."},{"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":17,"displayedObservations":17,"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":["2026-05-01","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[24.934165,25.123665,25.377993,24.774587,25.77694,25.642296,25.662243,26.380347,26.33,26.42,26.61,26.81,26.6822,27.0538,27.25,27.9,28.04],"highs":[25.108704,25.432849,25.402928,25.505158,25.77694,26.091111,26.240716,26.380347,26.64,26.6,26.71,26.925,27.025,27.41,27.82,28.19,28.04],"lows":[24.934165,24.944139,24.97406,24.774587,25.562107,25.557619,25.346576,25.899516,26.01,26.42,26.31,26.65,26.6685,26.94,27.25,27.76,27.6879],"closes":[25.035598,25.248236,24.995404,25.505158,25.656059,25.557619,26.1329,26.133,26.3644,26.5422,26.672,26.7907,26.9194,27.1723,27.7874,28.1409,27.8607],"hoverRows":[[{"label":"Open","value":"24.9","className":"is-ohlc","compact":true},{"label":"High","value":"25.1","className":"is-ohlc","compact":true},{"label":"Low","value":"24.9","className":"is-ohlc","compact":true},{"label":"Close","value":"25.0","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.4","className":"is-ohlc","compact":true},{"label":"High","value":"26.6","className":"is-ohlc","compact":true},{"label":"Low","value":"26.4","className":"is-ohlc","compact":true},{"label":"Close","value":"26.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.6","className":"is-ohlc","compact":true},{"label":"High","value":"26.7","className":"is-ohlc","compact":true},{"label":"Low","value":"26.3","className":"is-ohlc","compact":true},{"label":"Close","value":"26.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.8","className":"is-ohlc","compact":true},{"label":"High","value":"26.9","className":"is-ohlc","compact":true},{"label":"Low","value":"26.6","className":"is-ohlc","compact":true},{"label":"Close","value":"26.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.7","className":"is-ohlc","compact":true},{"label":"High","value":"27.0","className":"is-ohlc","compact":true},{"label":"Low","value":"26.7","className":"is-ohlc","compact":true},{"label":"Close","value":"26.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.1","className":"is-ohlc","compact":true},{"label":"High","value":"27.4","className":"is-ohlc","compact":true},{"label":"Low","value":"26.9","className":"is-ohlc","compact":true},{"label":"Close","value":"27.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.2","className":"is-ohlc","compact":true},{"label":"High","value":"27.8","className":"is-ohlc","compact":true},{"label":"Low","value":"27.2","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","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":"28.2","className":"is-ohlc","compact":true},{"label":"Low","value":"27.8","className":"is-ohlc","compact":true},{"label":"Close","value":"28.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.0","className":"is-ohlc","compact":true},{"label":"High","value":"28.0","className":"is-ohlc","compact":true},{"label":"Low","value":"27.7","className":"is-ohlc","compact":true},{"label":"Close","value":"27.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[24.806674,28.32963],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-01","price":25.035598}],"reversal_dangers":[{"date":"2026-05-08","price":25.248236}]}},"smTape":{"available":true,"dates":["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":[25.0356,25.2482,24.9954,25.5052,25.6561,25.5576,26.1329,26.133,26.3644,26.5422,26.672,26.7907,26.9194,27.1723,27.7874,28.1409,27.8607],"consensus":[16.2296,24.4489,-90.0464,58.0,62.2356,16.0337,67.592,35.8739,55.3565,62.2181,61.6327,50.6981,59.6831,58.4528,84.9098,79.2724,19.4716],"supportDates":["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,3.485,67.2571,23.8624,48.6737,56.9536,60.4851,41.521,57.7396,51.967,87.3372,77.4561,15.6419],"force":[16.2296,24.4489,-90.0464,58.0,14.4451,14.9482,52.6998,0.8042,36.856,48.3336,43.5988,28.5908,39.9517,41.5713,82.6572,74.1946,42.4666],"direction":[null,null,null,null,96.3717,60.4708,78.612,74.651,76.2087,78.1523,75.8257,76.9772,75.998,77.9234,83.7445,84.9752,68.0899],"intensity":[null,null,null,null,100.0,40.0,83.3333,71.4286,25.0,55.5556,10.0,54.5455,8.3333,61.5385,92.8571,73.3333,31.25],"confirmation":[27.8601,30.4903,51.4815,41.2267,63.064,8.4164,89.1807,55.9272,85.2521,87.5669,87.1903,83.6895,86.5269,86.2893,95.0655,93.2401,36.1278],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"assessmentRisk":[null,null,null,null,17.8524,33.2684,16.156,30.895,21.8395,18.8522,18.1166,24.345,19.5501,20.5207,7.5349,10.3636,40.2316],"volumeParticipation":true,"latest":{"consensus":19.5,"control":15.6,"force":42.5,"direction":68.1,"confirmation":36.1,"persistence":100.0,"assessmentRisk":40.2,"intensity":31.2,"evidenceDepth":65},"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":"Control support is easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+19.5","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+15.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+42.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+68.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"36/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"88.1","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"1.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"90%","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":[25.0356,25.2482,24.9954,25.5052,25.6561,25.5576,26.1329,26.133,26.3644,26.5422,26.672,26.7907,26.9194,27.1723,27.7874,28.1409,27.8607],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,25.2345,25.2933,25.4459,25.5709,25.7151,25.8655,26.0121,26.1537,26.2929,26.4528,26.6955,26.9583,27.1223],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,25.7371,25.8434,25.9874,26.1469,26.2739],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,26.7611,26.9407,27.1036,27.2584,27.444,27.7671,28.1106,28.297],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,24.6731,24.6671,24.6687,24.6728,24.6595,24.5678,24.471,24.4694],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,0.8493,-1.0014,2.0394,0.5916,-0.3837,2.2509,0.0004,0.8855,0.6744,0.489,0.445,0.4804,0.9395,2.2637,1.2722,-0.9957],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,0.8493,-0.1605,1.8756,2.4783,2.0851,4.383,4.3834,5.3077,6.0178,6.5363,7.0104,7.5245,8.5347,10.9916,12.4035,11.2843],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[0.6972,1.9356,1.7158,2.8644,0.8374,2.0874,3.4215,1.8399,2.3896,0.6782,1.4997,1.0265,1.3243,1.7297,2.0513,1.528,1.2638],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[0.4068,0.4958,-1.5076,2.9489,-0.469,-0.3302,1.834,-0.9376,0.1306,0.4625,0.233,-0.072,0.889,0.438,1.9721,0.8634,-0.6394],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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