{"schema_version":"1.0","name":"3488 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ce4927da-f21f-4797-b2bb-385ac09a22da","symbol":"3488","name":"VP DIV LO VOL","exchange":"HKG","country":"HK","asset_type":"etf","currency":"HKD","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, Activity pressure and cumulative balance, Range position and boundary 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":21,"displayedObservations":21,"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":["2026-04-03","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[15.33,15.32,15.49,15.5,15.65,15.69,15.7,15.62,15.73,15.6,15.57,15.75,15.03,14.98,15.02,15.36,15.4,15.62,15.78,15.8,15.78],"highs":[15.4,15.54,15.55,15.69,15.72,15.82,15.8,15.8,15.75,15.7,15.63,15.75,15.03,15.18,15.02,15.42,15.73,16.0,15.78,15.91,16.24],"lows":[15.08,15.28,15.27,15.5,15.48,15.52,15.63,15.56,15.48,15.5,15.57,15.31,14.87,14.98,15.02,15.33,15.4,15.62,15.59,15.67,15.78],"closes":[15.2,15.49,15.41,15.65,15.48,15.7,15.67,15.75,15.6,15.56,15.59,15.37,14.91,15.13,15.02,15.33,15.6,15.81,15.77,15.69,16.190001],"hoverRows":[[{"label":"Open","value":"15.3","className":"is-ohlc","compact":true},{"label":"High","value":"15.4","className":"is-ohlc","compact":true},{"label":"Low","value":"15.1","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"15.3","className":"is-ohlc","compact":true},{"label":"High","value":"15.5","className":"is-ohlc","compact":true},{"label":"Low","value":"15.3","className":"is-ohlc","compact":true},{"label":"Close","value":"15.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"15.5","className":"is-ohlc","compact":true},{"label":"High","value":"15.6","className":"is-ohlc","compact":true},{"label":"Low","value":"15.3","className":"is-ohlc","compact":true},{"label":"Close","value":"15.4","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":"15.0","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.0","className":"is-ohlc","compact":true},{"label":"Close","value":"15.1","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":"15.0","className":"is-ohlc","compact":true},{"label":"High","value":"15.0","className":"is-ohlc","compact":true},{"label":"Low","value":"15.0","className":"is-ohlc","compact":true},{"label":"Close","value":"15.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"15.4","className":"is-ohlc","compact":true},{"label":"High","value":"15.4","className":"is-ohlc","compact":true},{"label":"Low","value":"15.3","className":"is-ohlc","compact":true},{"label":"Close","value":"15.3","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":"15.4","className":"is-ohlc","compact":true},{"label":"High","value":"15.7","className":"is-ohlc","compact":true},{"label":"Low","value":"15.4","className":"is-ohlc","compact":true},{"label":"Close","value":"15.6","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":"15.6","className":"is-ohlc","compact":true},{"label":"High","value":"16.0","className":"is-ohlc","compact":true},{"label":"Low","value":"15.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.8","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":"15.8","className":"is-ohlc","compact":true},{"label":"High","value":"15.8","className":"is-ohlc","compact":true},{"label":"Low","value":"15.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.8","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":"15.8","className":"is-ohlc","compact":true},{"label":"High","value":"15.9","className":"is-ohlc","compact":true},{"label":"Low","value":"15.7","className":"is-ohlc","compact":true},{"label":"Close","value":"15.7","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":"15.8","className":"is-ohlc","compact":true},{"label":"High","value":"16.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.8","className":"is-ohlc","compact":true},{"label":"Close","value":"16.2","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}]],"pressureRange":[-2.3,2.3],"priceRange":[14.8332,16.266801],"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":"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.","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 remains positive and was little changed this week.","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":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-03","price":15.2}],"reversal_dangers":[{"date":"2026-04-10","price":15.49},{"date":"2026-07-10","price":15.02}]}},"smTape":{"available":true,"dates":["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":[15.2,15.49,15.41,15.65,15.48,15.7,15.67,15.75,15.6,15.56,15.59,15.37,14.91,15.13,15.02,15.33,15.6,15.81,15.77,15.69,16.19],"consensus":[-25.0,61.5385,0.0,33.5789,22.0513,39.1775,19.734,38.1131,0.0,-8.6942,0.0,-43.4241,-64.1818,0.0,-40.9907,0.0,42.874,52.4681,34.6213,0.0,68.5176],"supportDates":["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,39.2906,7.9369,41.5239,0.0,-4.4927,0.0,-39.6573,-66.4128,0.0,-34.1044,0.0,43.6673,45.1469,35.5584,0.0,74.0768],"force":[-25.0,61.5385,0.0,33.5789,22.0504,22.2655,2.4287,26.4996,0.0,-22.7555,0.0,-51.0426,-49.0252,0.0,-21.265,0.0,42.5554,64.8368,12.3598,0.0,70.6657],"direction":[null,null,null,null,53.5525,51.1283,49.0468,42.5104,0.0,-3.4522,0.0,-42.2873,-72.4583,0.0,-62.9507,0.0,42.195,52.0006,49.4516,0.0,60.6299],"intensity":[null,null,null,null,50.0,60.0,33.3333,28.5714,50.0,11.1111,20.0,90.9091,100.0,69.2308,50.0,93.3333,87.5,76.4706,61.1111,31.5789,95.0],"confirmation":[30.6667,42.359,0.0,33.4119,12.0965,80.0197,29.004,79.7903,5.3571,25.9414,1.2847,82.1853,88.0423,10.6304,80.6208,24.026,81.6979,85.2783,78.3861,6.3206,55.0],"persistence":[null,null,0.0,25.0,40.0,50.0,57.1429,62.5,75.0,50.0,50.0,25.0,0.0,12.5,37.5,50.0,37.5,12.5,0.0,12.5,37.5],"assessmentRisk":[null,null,null,null,33.3651,20.8108,35.0453,8.0723,29.3243,30.2863,25.1343,27.2684,17.7849,44.8466,29.2449,9.9171,28.4019,23.5825,32.6133,42.9992,14.8849],"volumeParticipation":true,"latest":{"consensus":68.5,"control":74.1,"force":70.7,"direction":60.6,"confirmation":55.0,"persistence":37.5,"assessmentRisk":14.9,"intensity":95.0,"evidenceDepth":81},"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+68.5","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+74.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+70.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+60.6","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":"77.1","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"1.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"96%","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":[15.2,15.49,15.41,15.65,15.48,15.7,15.67,15.75,15.6,15.56,15.59,15.37,14.91,15.13,15.02,15.33,15.6,15.81,15.77,15.69,16.19],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,15.3723,15.4319,15.4752,15.5251,15.5387,15.5426,15.5512,15.5183,15.4077,15.3572,15.2959,15.3021,15.3563,15.4388,15.499,15.5337,15.653],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,15.3735,15.3554,15.3306,15.3305,15.3505,15.3845,15.4131,15.4336,15.4896],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,15.8609,15.8509,15.8407,15.9339,15.9307,15.937,15.9172,15.9195,15.9565,15.9791,15.9859,16.1036],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,15.2411,15.2582,15.2377,15.0477,14.9993,14.9337,14.9403,14.9582,14.9624,14.9725,14.9871,14.9684],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"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 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3488 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/ce4927da-f21f-4797-b2bb-385ac09a22da/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."}