{"schema_version":"1.0","name":"HGCQ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d1b87c24-46c1-4125-b7b9-4fdda3c40831","symbol":"HGCQ","name":"GCQ Global Equities Hedged Complex ETF","exchange":"ASX","country":"AU","asset_type":"etf","currency":"AUD","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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, 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":25,"displayedObservations":25,"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":["2026-03-06","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[5.1953,5.35,5.05,4.88,4.84,4.93,4.83,5.26,5.160929,5.200553,5.160929,5.141118,5.012342,4.938048,4.853849,4.814226,4.779555,5.09,5.05,5.16,5.16,5.04,5.18,5.33,5.46],"highs":[5.35,5.35,5.16,4.93,4.91,5.02,5.26,5.35,5.220364,5.259987,5.160929,5.141118,5.091588,4.938048,4.853849,4.814226,4.779555,5.09,5.05,5.16,5.16,5.27,5.21,5.46,5.46],"lows":[5.1326,5.11,4.96,4.83,4.81,4.91,4.82,5.23,5.151023,5.190647,5.022248,5.007389,4.99253,4.933095,4.814226,4.80432,4.779555,5.09,5.05,5.15,5.04,5.04,5.18,5.32,5.29],"closes":[5.35,5.11,4.96,4.84,4.86,4.91,5.26,5.23,5.220364,5.240176,5.022248,5.012342,5.071777,4.933095,4.824131,4.80432,4.779555,5.09,5.05,5.16,5.04,5.13,5.21,5.46,5.38],"hoverRows":[[{"label":"Open","value":"5.20","className":"is-ohlc","compact":true},{"label":"High","value":"5.35","className":"is-ohlc","compact":true},{"label":"Low","value":"5.13","className":"is-ohlc","compact":true},{"label":"Close","value":"5.35","className":"is-ohlc","compact":true},{"label":"Market 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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":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-03-06","price":5.35},{"date":"2026-07-31","price":5.13}],"reversal_dangers":[{"date":"2026-03-13","price":5.11},{"date":"2026-07-24","price":5.04},{"date":"2026-08-07","price":5.21}]}},"smTape":{"available":true,"dates":["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":[5.35,5.11,4.96,4.84,4.86,4.91,5.26,5.23,5.2204,5.2402,5.0222,5.0123,5.0718,4.9331,4.8241,4.8043,4.7796,5.09,5.05,5.16,5.04,5.13,5.21,5.46,5.38],"consensus":[100.0,-100.0,-100.0,-46.4,-57.1214,-39.4915,49.6191,8.2836,30.5604,29.2047,-62.2796,-39.4832,0.0,-54.9818,-52.145,-51.1933,-36.204,34.5698,11.0885,52.2175,-12.7419,26.187,52.5014,76.3586,23.856],"supportDates":["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,-38.8768,49.1696,9.6926,28.4076,22.6154,-56.8303,-38.0329,0.0,-60.0894,-53.7712,-54.1681,-32.7526,36.9198,2.911,57.6881,-33.1332,26.9861,57.5664,82.3157,13.004],"force":[100.0,-100.0,-100.0,-46.4,-6.7486,-15.5394,54.5377,9.3924,23.5588,24.2105,-88.7919,-30.3108,0.0,-41.485,-33.4105,-27.6056,-14.8228,36.7617,1.7211,51.3695,-31.1531,25.2575,52.191,82.9142,9.7823],"direction":[null,null,null,null,-93.102,-57.3027,46.6195,41.4537,38.0219,40.3025,-49.5702,-47.6923,0.0,-58.785,-63.6684,-64.6418,-55.4206,30.3184,27.1253,46.571,-23.7132,25.9377,46.9346,64.8678,60.2855],"intensity":[null,null,null,null,25.0,40.0,100.0,100.0,37.5,22.2222,60.0,9.0909,33.3333,53.8462,42.8571,20.0,18.75,88.2353,33.3333,47.3684,55.0,42.8571,63.6364,86.9565,33.3333],"confirmation":[54.6667,54.6667,54.6667,37.5147,38.6428,79.9167,84.0349,29.1241,77.5988,77.2937,88.8205,80.3772,29.4035,85.105,84.0907,83.6176,78.9862,79.0933,26.0541,84.6004,32.0533,76.3393,84.7138,92.5438,31.5277],"persistence":[null,null,33.3333,50.0,60.0,66.6667,42.8571,25.0,25.0,0.0,0.0,0.0,12.5,12.5,12.5,37.5,62.5,62.5,37.5,12.5,25.0,0.0,25.0,50.0,75.0],"assessmentRisk":[null,null,null,null,21.4365,27.8234,21.0567,44.6601,33.4558,33.955,13.9343,24.7364,37.649,21.0285,18.8027,20.4266,30.9041,21.402,39.5107,23.5966,54.8095,1.9566,15.7906,10.8121,37.4526],"volumeParticipation":true,"latest":{"consensus":23.9,"control":13.0,"force":9.8,"direction":60.3,"confirmation":31.5,"persistence":75.0,"assessmentRisk":37.5,"intensity":33.3,"evidenceDepth":96},"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":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+23.9","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+13.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+9.8","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+60.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"32/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"41.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"88%","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 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HGCQ Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d1b87c24-46c1-4125-b7b9-4fdda3c40831/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."}