{"schema_version":"1.0","name":"537A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d56ff6f8-e36d-401c-82aa-a7fa47ec256b","symbol":"537A","name":"NZAM ETF MSCI ACWI(Unhedged)","exchange":"JPX","country":"JP","asset_type":"etf","currency":"JPY","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 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":23,"displayedObservations":23,"assetType":"ETF","state":"Rotational","stateTone":"caution","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":["2026-03-20","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],"opens":[2000.0,1499.0,983.0,1010.0,1140.0,1129.0,1115.0,1100.0,1113.0,1103.0,1100.0,1150.0,1136.0,1144.0,1142.0,1173.0,1172.0,1164.0,1168.0,1164.0,1154.0,1151.0,1195.0],"highs":[2000.0,1499.0,1034.0,1143.0,1140.0,1130.0,1120.0,1115.0,1113.0,1103.0,1141.0,1150.0,1136.0,1144.0,1144.0,1173.0,1306.0,1184.0,1168.0,1210.0,1155.0,1185.0,1198.0],"lows":[992.450012,953.0,965.0,980.0,1011.0,1080.0,1078.0,1090.0,1079.0,1080.0,1096.0,1119.0,1104.0,1130.0,1111.0,1145.0,1170.0,1154.0,1150.0,1150.0,1126.0,1133.0,1131.0],"closes":[992.450012,992.0,991.0,1143.0,1129.0,1114.0,1096.0,1114.0,1090.0,1102.0,1106.0,1147.0,1105.0,1144.0,1113.0,1145.0,1174.0,1154.0,1165.0,1155.0,1129.0,1168.0,1136.0],"hoverRows":[[{"label":"Open","value":"2,000","className":"is-ohlc","compact":true},{"label":"High","value":"2,000","className":"is-ohlc","compact":true},{"label":"Low","value":"992.5","className":"is-ohlc","compact":true},{"label":"Close","value":"992.5","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}]],"pressureRange":[-2.3,2.3],"priceRange":[980.02,1184.98],"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":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":1143.0}],"reversal_dangers":[{"date":"2026-04-17","price":1129.0}]}},"smTape":{"available":true,"dates":["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":[992.45,992.0,991.0,1143.0,1129.0,1114.0,1096.0,1114.0,1090.0,1102.0,1106.0,1147.0,1105.0,1144.0,1113.0,1145.0,1174.0,1154.0,1165.0,1155.0,1129.0,1168.0,1136.0],"consensus":[-100.0,-85.7143,-24.6377,100.0,12.6979,8.2955,0.0,13.0932,0.0,12.2539,0.0,14.8645,-11.1458,17.3667,-10.4325,0.0,0.0,-9.6894,12.9136,0.0,-14.2233,12.8726,-16.2547],"supportDates":["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,9.9657,0.0,23.2983,0.0,21.8616,0.0,22.797,-21.2341,27.1084,-19.6166,0.0,0.0,-19.1501,18.6495,0.0,-19.504,14.5224,-20.9439],"force":[-100.0,-85.7143,-24.6377,100.0,10.8027,5.1392,0.0,11.3885,0.0,11.1093,0.0,12.4854,-14.228,15.3538,-13.3468,0.0,0.0,-13.9194,11.2344,0.0,-20.7616,21.0776,-27.8683],"direction":[null,null,null,null,14.0516,8.6411,0.0,2.6479,0.0,2.0911,0.0,7.4981,-2.5851,7.671,-2.1452,0.0,0.0,-4.1442,7.5578,0.0,-3.5179,5.1265,-2.6002],"intensity":[null,null,null,null,25.0,40.0,16.6667,28.5714,37.5,11.1111,60.0,63.6364,66.6667,53.8462,42.8571,46.6667,81.25,76.4706,11.1111,68.4211,70.0,52.381,36.3636],"confirmation":[54.6667,50.0952,30.5507,54.6667,49.31,47.8662,1.0447,49.3157,24.4944,49.0733,24.6099,49.8966,49.3917,50.6809,49.0782,48.6742,2.5409,49.3028,49.3271,48.6314,50.0036,49.6775,50.8173],"persistence":[null,null,100.0,50.0,20.0,0.0,0.0,12.5,25.0,50.0,62.5,62.5,37.5,37.5,25.0,12.5,12.5,12.5,0.0,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,41.8536,43.6727,46.2296,30.2981,28.1922,17.6433,12.1475,22.7985,20.7986,27.2098,12.4856,1.672,50.2005,22.3293,41.4551,21.8318,39.2503,16.5642,29.3617],"volumeParticipation":true,"latest":{"consensus":-16.3,"control":-20.9,"force":-27.9,"direction":-2.6,"confirmation":50.8,"persistence":12.5,"assessmentRisk":29.4,"intensity":36.4,"evidenceDepth":88},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-16.3","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-20.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-27.9","detail":"Downward 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537A Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/d56ff6f8-e36d-401c-82aa-a7fa47ec256b/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."}